Laser Power & Infra shares list at 26% premium over IPO price on BSE
Laser Power & Infra made a strong market debut on Thursday, listing at a 25.7% premium on the BSE and 16.8% higher on the NSE over its IPO price of Rs 214. The Rs 742-crore IPO was subscribed 38.94 times, led by strong institutional demand, with t...
By Ritesh Presswala, ETMarkets.com | Updated:
ETMarkets.com
Laser Power & Infra made a strong stock market debut on Thursday, listing at Rs 269 on the BSE, a 25.7% premium over its IPO price of Rs 214 per share. On NSE, the stock debuted at Rs 250, a 16.8% premium to the issue price.
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.
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.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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.
About Laser Power & Infra
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.
Utilisation of IPO proceeds
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.ADVERTISEMENT
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
The Rs 1.5 lakh crore bank guarantee link that could rattle NSE, BSE and MCXADVERTISEMENT
