Mumbai : Kolkata based Laser Power and Infra announced Rs 742 crore initial public offering in the price band of Rs 203 to Rs 214 per equity share of Rs 5 face value each.The public issue opens on July 9 and closes on July 13, 2026.
Laser Power & Infra Ltd. is an integrated manufacturer of power cables, conductors and other specialised products and components to the power transmission and distribution industry in India.
The company operates three manufacturing units located at West Bengal. The strategic location of manufacturing units in eastern part of India serves as a major advantage in terms of close proximity to raw material sources including aluminium and copper, ensuringes easy and cost-effective procurement of raw material and improving overall operational efficiency and reduce lead times, company said.
The public offer comprises a fresh issue of equity share worth Rs 542 crore and an offer for sale of equity share worth Rs 200 crore. The net proceeds from the fresh issue of Rs 490 crore will be utilised for payment of outstanding borrowings availed by the Company.
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