Laser Power & Infra IPO Day 3: Check GMP, Subscription Status & Key Issue Details
The ₹742 crore Laser Power & Infra IPO entered its final day of subscription on July 13, 2026. The issue is being offered at a price band of ₹203 to ₹214 per share. As of 10:50 AM on Day 3, the IPO was subscribed 2.48 times. The Grey Market Premium (GMP) stood at around ₹34.5 per share.
The issue will close for subscription today, July 13, 2026. The basis of allotment is expected to be finalised on July 14, 2026, and the shares are tentatively scheduled to list on the NSE and BSE on July 16, 2026.
Laser Power & Infra IPO - Issue Details
- Issue Type: Book-Built IPO (Fresh Issue + OFS)
- Total Issue Size: Up to ₹742.00 crore
- Fresh Issue: Up to ₹542.00 crore
- Offer for Sale (OFS): Up to ₹200.00 crore
- Face Value: ₹5 per equity share
- Price Band: ₹203 to ₹214 per share
- Lot Size: 70 shares
- Minimum Investment Amount (Retail Investor): ₹14,980 (70 shares) (based on upper price band)
- Listing: BSE, NSE
- Book Running Lead Managers: IIFL Capital Services Limited, ICICI Securities Limited
- Registrar: MUFG Intime India Private Limited
Laser Power & Infra IPO Timeline (Tentative)
The expected IPO schedule is as follows:
|
Event |
Date |
|
Subscription Opening Date |
09 July 2026 |
|
Subscription Closing Date |
13 July 2026 |
|
Basis of Allotment Date |
14 July 2026 |
|
Refund Date |
15 July 2026 |
|
Credit of Shares |
15 July 2026 |
|
Listing on BSE and NSE |
16 July 2026 |
Note: The allotment and listing dates are tentative and may be revised.
Utilisation of IPO Proceeds
The company intends to utilise the net proceeds from the fresh issue towards:
- Prepayment or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company.
- General corporate purposes.
Explore other Upcoming IPOs on BSE and NSE.
Laser Power & Infra IPO Day 3 Subscription Status
[July 13, 2026, 10:50 AM]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
0.66x |
|
Non-Institutional Investors (NIIs) |
6.88x |
|
Retail Individual Investors (RIIs) |
1.64x |
|
Total |
2.48x |
Laser Power & Infra IPO GMP Today
According to media reports, the Laser Power & Infra IPO was commanding a Grey Market Premium (GMP) of ₹34.5 per share.
About Laser Power & Infra Limited
Incorporated in 1988, Laser Power & Infra Limited manufactures power cables, conductors, and specialised products used in India’s power transmission and distribution sector. The company expanded into the EPC segment in 2015, undertaking projects such as rural electrification, power distribution networks, substations, and other power infrastructure solutions.
The company operates three manufacturing facilities in West Bengal with a combined installed capacity of 85,448 MT as of March 31, 2026. It is also an authorised supplier to Indian Railways and holds RDSO accreditation for manufacturing signalling and power cable products.
Key Financial Highlights
|
Particulars |
FY26 (in ₹ crore) |
FY25 (in ₹ crore) |
FY24 (in ₹ crore) |
|
Revenue from Operations |
2,326.10 |
2,570.39 |
1,747.57 |
|
Profit After Tax |
151.59 |
106.75 |
40.40 |
|
EBITDA |
301.44 |
250.38 |
156.10 |
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