Laser Power and Infra is preparing to list on Indian stock exchanges following an initial public offering that opened on July 9, 2024 [1, 2].
The offering represents a significant capital raise for the renewable energy company as it seeks to expand its infrastructure footprint in India. Investor appetite for the stock is reflected in the subscription levels and grey market activity preceding the official debut.
The company set a share price range between ₹205 and ₹214 per share [1]. Through the offering, Laser Power aims to raise a total of ₹742 crore [1]. The issue structure allocates 50% of the offering to qualified institutional buyers (QIBs), and 15% to non-institutional investors (NIIs) [1].
Subscription data for the third day of the IPO shows varying reports. Livemint said the issue was booked 3.68 times [1], while MSN said it was booked one time [2]. Despite these discrepancies in subscription multiples, grey market premiums (GMP) suggest a positive reception. Analysts from GMP brokerage firms said there is a listing gain of approximately 16% [2].
The subscription period for the offering closes on July 13, 2026 [1, 2]. Based on the current timeline, the company is expected to officially list its shares on July 16, 2026 [1].
Laser Power operates within the competitive Indian renewable energy sector, where infrastructure growth is currently a priority for national energy goals. The success of this IPO will provide a benchmark for other energy firms seeking public capital in the current market environment.
“Laser Power aims to raise a total of ₹742 crore”
The discrepancy in subscription reports—ranging from 1x to 3.68x—indicates volatility in real-time data tracking, but the overall trend suggests sufficient demand to meet the ₹742 crore goal. A projected 16% listing gain signals that the market views the ₹205–₹214 price range as conservative, reflecting broader investor confidence in India's renewable energy transition.
