Laser Power & Infra IPO: Laser Power & Infra Ltd’s initial public offering (IPO) opened for its three-day subscription window on Thursday (July 9). According to the latest data available on the NSE’s official website, the IPO has received a lukewarm response from investors so far.
However, the grey market premium (GMP) indicates positive sentiment in the unlisted market, with the stock commanding a premium of around 7 per cent.
Laser Power & Infra IPO Subscription Data
According to the subscription data, the IPO received only 12,96,960 bids for 2,55,86,207 shares on offer within the first 1 hour and 15 minutes of the subscription window opening. Retail Individual Investors (RIIs) contributed the highest number of bids, followed by Non-Institutional Investors (NIIs). The subscription details are as follows:
- Non-Institutional Investors (NIIs): 0.04 times
- Retail Individual Investors (RIIs): 0.09 times
- Qualified Institutional Buyers (QIBs): –
Laser Power & Infra IPO GMP
According to various websites tracking the unlisted market, the IPO’s GMP stood at Rs 15, translating into an estimated listing premium of around 7 per cent. At the upper price band, this indicates a potential listing gain of approximately Rs 1,050 per lot of 70 shares.
However, the IPO’s GMP was Rs 28 on July 6 and has since declined to the current level of Rs 15.
About Laser Power & Infra IPO
The Laser Power & Infra IPO is a book-built issue worth Rs 742 crore. The issue comprises a combination of a fresh issue of shares and an offer for sale (OFS).
Laser Power & Infra IPO Timeline
The Laser Power & Infra IPO opened for subscription on July 9, 2026, and will remain open until July 13, 2026.
Brokerages on Laser Power & Infra IPO
SBI Securities suggests SUBSCRIBE FOR LONG TERM
SBI Securities has recommended a “Subscribe for Long Term” rating on the IPO of Laser Power & Infra, citing its integrated manufacturing and EPC business, strategic manufacturing footprint in eastern India and improving financial performance.
The brokerage believes the company’s partnership with TS Conductor Corp, lower valuation versus larger peers and planned debt repayment using IPO proceeds strengthen its long-term growth prospects.
The brokerage highlighted Laser Power’s 85,448 MT manufacturing capacity, robust EPC execution capabilities and strong backward integration, which supports cost efficiency and timely project execution. It also noted the company’s revenue, EBITDA and adjusted PAT grew at a CAGR of 15.4 per cent, 39 per cent and 72.5 per cent, respectively, during FY24-FY26.
However, the brokerage flagged risks including high dependence on its top customers and power cable products, exposure to raw material price volatility and supplier concentration. It also cautioned that the company’s EPC business relies on competitive bidding, with a relatively low bid conversion rate, which could result in volatile order inflows and impact future revenue growth.
SMIFS has recommended “Subscribe” to the IPO
SMIFS Ltd has recommended investors subscribe to the Laser Power & Infra IPO, citing the company’s improving profitability, robust order book, integrated manufacturing and EPC capabilities, and favourable long-term demand outlook driven by India’s power transmission and infrastructure expansion.
It highlights a Rs 32,434 million order book, expanding operating margins, backward-integrated operations and exposure to India’s multi-year power infrastructure spending, which provide strong growth visibility.
While on the flip side, the company’s earnings remain exposed to customer concentration, with the top 10 clients accounting for over 72 per cent of FY26 revenue. High working capital requirements, rising leverage, volatility in raw material prices, dependence on government tenders and execution risks in EPC projects could weigh on future financial performance.
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
