Laser Power & Infra sets price band for Rs 742 crore IPO; GMP signals 11% premium. Check details

Laser Power and Infra has set the price band for its Rs 742 crore IPO at Rs 203-214 per share, with the issue opening on July 9 and closing on July 13. The IPO includes a Rs 542 crore fresh issue and Rs 200 crore OFS, with fresh issue proceeds primarily earmarked for repaying about Rs 490 crore in borrowings. Grey market premium of around Rs 24-25 (11%) points to a likely listing price of about Rs 239 per share, though FY26 financials were mixed with revenue declining 9.4 percent to Rs 2,347.89 crore while PAT jumped 42 percent to Rs 151.59 crore.