Kolkata-based Laser Power and Infra, a manufacturer of power cables and conductors, has fixed the price band at Rs 203-214 per share for its Rs 742-crore maiden public issue on July 6.

At the upper end of the price band, the company is valued at Rs 3,003.8 crore.

The IPO is scheduled to open for public subscription on July 9 and close on July 13. The one-day anchor book will open on July 8.

The initial public offering comprises a fresh issue of shares worth Rs 542 crore, along with an offer for sale (OFS) of shares worth Rs 200 crore by the Goel family.

Laser Power, which manufactures products and components for the power transmission and distribution industry, intends to utilise Rs 490 crore from the fresh issue proceeds for repayment of its borrowings, while the remaining amount will be used for general corporate purposes.

Half of the offer has been reserved for qualified institutional buyers (QIBs), 15 percent for non-institutional investors (NIIs), and 35 percent for retail investors.

Bids can be made for a minimum of 70 equity shares and in multiples of 70 shares thereafter. The minimum investment amount for a retail investor would be Rs 14,980, while the maximum investment would be Rs 1,94,740.

The products and components segment contributed 73 percent of the company's topline, while its engineering, procurement, and construction (EPC) business, which focuses on rural electrification projects, power distribution infrastructure development, and substation installation, accounted for the remaining 27 percent of revenue.

Laser Power & Infra, which competes with listed peers such as Apar Industries, Polycab India, KEI Industries, Dynamic Cables, and Universal Cables, reported a profit of Rs 151.6 crore for FY26, up 42 percent from Rs 106.8 crore in the previous fiscal, despite a decline in revenue, driven by stronger operating performance.

Revenue fell 9.5 percent to Rs 2,326.1 crore in FY26 from Rs 2,570.4 crore in the previous financial year.