The stock listed at ₹269 on the BSE, a premium of nearly 26% over its issue price of ₹214 per share. On the NSE, it debuted at ₹250, reflecting a listing gain of around 17%.
Ahead of the listing, the company’s shares were trading at a healthy premium in the grey market. Market observers had pegged the Grey Market Premium (GMP) at around ₹40 per share, implying an expected listing gain of nearly 19%.
The ₹742-crore IPO, which was open for subscription between July 9 and July 13, was subscribed 38.94 times, led by strong demand from institutional investors.
The Qualified Institutional Buyers (QIB) portion was subscribed 92.25 times, while the Non-Institutional Investors (NII) category saw 43.34 times subscription. The retail investors’ portion was subscribed 6.59 times.
The public issue comprised a fresh issue of ₹542 crore and an offer for sale (OFS) worth ₹200 crore by the promoters.
The company plans to use around ₹490 crore from the net proceeds of the fresh issue to prepay or repay outstanding borrowings, while the remaining funds will be used for general corporate purposes.
Laser Power & Infra is an integrated player in India’s power transmission and distribution sector. It manufactures a wide range of products, including power cables, control cables, conductors and specialised electrical equipment.
In addition to manufacturing, the company has a presence in the engineering, procurement and construction (EPC) segment, undertaking turnkey projects across rural electrification, substations, transmission lines and power distribution infrastructure.
First Published: Jul 16, 2026 10:02 AM IST
