Laser Power & Infra launched its initial public offering (IPO) on July 9, aiming to raise ₹742 crore. The IPO is priced between ₹205 and ₹214 per share, with a lot size of 70 equity shares. The subscription window will close on July 13, offering investors a chance to participate in the company’s capital expansion plans, according to livemint.com.
The IPO process involves investors applying for shares within the specified price band, with allotment based on demand and subscription levels. The company has highlighted a strong order book, which supports its growth prospects. Market sentiment appears positive, with the grey market premium indicating a potential 7% listing gain, as reported by livemint.com. This suggests investor confidence in the company’s valuation and business model.
Laser Power & Infra’s IPO enters a competitive market where infrastructure and power sector companies are actively seeking capital to fund expansion and modernization. The ₹742 crore target places it among mid-sized IPOs in the sector this year. Comparable offerings have seen varied investor response depending on order book strength and pricing, making this IPO a notable event for investors tracking infrastructure plays, per livemint.com.
The IPO subscription closes on July 13, after which the basis of allotment will be finalized. Investors will learn their allocation status shortly thereafter, marking a key milestone in Laser Power & Infra’s public market debut, as detailed on livemint.com.