Laser Power & Infra Ltd. is set to debut on the stock market on July 16, 2026, with its shares listing on both the NSE and BSE. The IPO, which was open from July 9 to July 13, received a robust response, being oversubscribed 38.94 times, driven primarily by institutional investors.
The Qualified Institutional Buyers (QIB) segment saw a subscription of 92.25 times, while Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) subscribed 43.34 times and 6.59 times, respectively. The IPO was priced between Rs 203-214 per share, raising Rs 542 crore through a fresh issue of 2.53 crore equity shares.
Investors can check their allotment status via the registrar's website or the NSE website. The Grey Market Premium (GMP) is currently Rs 36, suggesting a potential listing price of Rs 250-254 per share, which indicates a 19% premium over the IPO's upper band.
Laser Power & Infra operates in the power transmission and distribution sector, with a significant presence in the EPC business. As of March 31, 2026, it had three manufacturing facilities in West Bengal with a production capacity of 85.448 MT.
The proceeds from the IPO will primarily be used to repay borrowings, with Rs 490 crore allocated for this purpose, while the remainder will cover general corporate expenses and issue-related costs.
Background
Laser Power & Infra's IPO comes at a time when the power sector is witnessing significant investment and growth, driven by government initiatives in infrastructure development and electrification. The company's strategic focus on reducing debt and strengthening its balance sheet aligns with market expectations for sustainable growth.
Investors should monitor the market sentiment as the listing date approaches, given the unofficial nature of the GMP. The company's strategic use of IPO proceeds to strengthen its balance sheet could position it well for future growth.
