Laser Power & Infra IPO Day 2: GMP Indicates 11% Listing Gain—Explore Subscription Status and Key Insights!

The Rs 742-crore Laser Power & Infra IPO has gained notable traction as it enters its second day of bidding, showcasing moderate interest from investors. Currently, the issue is trading at a Grey Market Premium (GMP) of Rs 24, approximately 11% above the upper price band set at Rs 214 per share. This suggests a potential listing price of around Rs 238 per share, should the premium sustain until the listing date. The IPO opened on July 10 and is open for subscription until July 13, 2026, with the share allotment expected to be finalized on July 14, followed by a market debut on the NSE and BSE on July 16, 2026.

The subscription status as of now indicates a varied response from different investor segments. Retail Individual Investors (RIIs) have shown stronger engagement, with a 23% subscription rate against 1.27 crore shares on offer. Conversely, Non-Institutional Investors (NIIs) stand at 19% for the 54.82 lakh shares offered, while Qualified Institutional Buyers (QIBs) have yet to place any bids for the 73.10 lakh shares. The overall demand as of the first day was at 16%, indicating a tempered but cautious optimism among investors.

For Indian investors, the Laser Power & Infra IPO represents an opportunity in the power transmission and distribution sector, with the company demonstrating a robust order book of Rs 32,434 million. Analysts urge prospective investors to consider the IPO’s dual components—fresh issuance for debt reduction and an Offer for Sale aiding existing stakeholders. However, the significant revenue dependence on a limited customer base poses a notable risk. In summary, while the IPO shows promise with strong retail interest and a positive Grey Market sentiment, investors should weigh the risks against the potential returns thoughtfully.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)