Laser Power & Infra is set to make its stock market debut on the BSE and NSE on July 16, with strong investor sentiment and a grey market premium (GMP) of around 20%, signalling the potential for a robust listing
The company's Rs 742 crore initial public offering (IPO) received an overwhelming response during its subscription window from July 9 to July 13, closing with an overall subscription of 38.94 times. Demand was led by institutional investors, with the Qualified Institutional Buyers (QIB) quota subscribed 92.25 times. The Non-Institutional Investors (NIIs) portion was booked 43.34 times, while the Retail Individual Investors (RIIs) category was subscribed 6.59 times.
The IPO comprised a fresh issue of 2.53 crore equity shares worth Rs 542 crore and an offer for sale (OFS) of 0.93 crore shares aggregating to Rs 200 crore. The price band for the issue was fixed at Rs 203-214 per share.
Ahead of the listing, the latest grey market premium stands at around Rs 36 per share, implying a premium of nearly 20% over the upper end of the issue price. If the trend sustains, the stock could debut at around Rs 250-257 apiece, offering healthy listing gains to successful bidders. However, investors should keep in mind that GMP is an unofficial market indicator and does not necessarily reflect the actual listing performance.
Laser Power & Infra is an integrated player in India's power transmission and distribution sector. The company manufactures a broad portfolio of products, including power cables, control cables, conductors, and specialised electrical equipment.
Beyond manufacturing, the company has established a strong presence in the Engineering, Procurement and Construction (EPC) segment, executing turnkey projects spanning rural electrification, substations, transmission lines, and power distribution infrastructure.
As of March 31, 2026, Laser Power & Infra operated three manufacturing facilities in West Bengal with a combined installed production capacity of 85.448 MT.
The company plans to use Rs 490 crore from the fresh issue to prepay or repay outstanding borrowings, a move aimed at strengthening its balance sheet and reducing debt. The remaining proceeds will be used for general corporate purposes and to meet issue-related expenses.
