Laser Power And Infra IPO GMP Rises As Issue Enters Day 2, Check Latest Subscription Status And Other Details

The grey market premium (GMP) of Laser Power and Infra IPO rose as the public issue entered the second day of bidding. The IPO also saw steady investor participation across categories.

Laser Power and Infra is a Kolkata-based integrated manufacturer of power cables, conductors and specialised products used in the power transmission and distribution sector. Besides manufacturing, the company also undertakes engineering, procurement and construction (EPC) projects, including rural electrification, power distribution infrastructure and substation installation. It operates three manufacturing units in West Bengal, serves customers across 26 states and four union territories, exports to 10 countries, and had an order book of Rs 3,243.4 crore as of March 31, 2026.

Laser Power And Infra IPO Subscription Status: Day 2

As of 4:15 PM on July 10, 2026, the IPO was subscribed 0.94 times overall.

Qualified Institutional Buyers (QIBs), excluding the anchor portion, subscribed 0.64 times by bidding for 47,10,790 shares against 73,10,345 shares on offer.

The Non-Institutional Investor (NII) portion was subscribed 1.75 times, with bids for 96,17,300 shares against 54,82,759 shares offered. Within this category, the bNII segment was subscribed 1.55 times with bids for 56,54,110 shares against 36,55,173 shares, while the sNII portion was subscribed 2.17 times after receiving bids for 39,63,190 shares against 18,27,586 shares.

The retail investor category was subscribed 0.75 times, with bids for 96,17,580 shares against 1,27,93,103 shares on offer.

There are no separate employee or shareholder reservation categories in the issue. In total, the IPO received bids for 2,39,45,670 shares so far against 2,55,86,207 shares available.

Laser Power And Infra IPO GMP Today

The latest grey market premium (GMP) stands at Rs 33 per share, up from Rs 24 at the close of the first day of bidding. Based on the upper end of the price band at Rs 214, the estimated listing price is around Rs 247 per share, indicating a potential listing gain of 15.42 per cent.

The GMP has been volatile in the run-up to the IPO. It stood at Rs 28 on July 6, slipped to Rs 15 on July 7 and July 8, rose to Rs 24 on the IPO's opening day, and further increased to Rs 33 on July 10.

Laser Power And Infra IPO Details

Laser Power and Infra IPO is a book-built issue worth Rs 742 crore. It comprises a fresh issue of 25.33 million shares aggregating to Rs 542 crore and an offer for sale (OFS) of 9.34 million shares aggregating to Rs 200 crore.

Since the IPO includes a fresh issue, the proceeds from that portion will go to the company for its stated objectives. The money raised through the OFS will go to the selling shareholders.

The price band has been fixed at Rs 203 to Rs 214 per share, with a face value of Rs 5 per share. Investors can apply in lots of 70 shares, requiring a minimum investment of Rs 14,980 at the upper price band.

The IPO opened on July 9, 2026 and will close on July 13, 2026. The basis of allotment is expected on July 14, while refunds or release of blocked funds and credit of shares to demat accounts are scheduled for July 15. The shares are expected to list on the BSE and NSE on July 16, 2026.

IIFL Capital Services Ltd. is the book-running lead manager, while MUFG Intime India Pvt. Ltd. is the registrar to the issue.

The company plans to use the fresh issue proceeds primarily to repay or prepay certain borrowings amounting to Rs 490 crore, with the remaining funds earmarked for general corporate purposes.

The company's promoters are Deepak Goel, Devesh Goel, Akshat Goel and Rakhi Goel. Promoter shareholding will decline to 75.29 per cent after the issue from 100 per cent before the IPO.

Laser Power And Infra Financials

The company reported total income of Rs 2,347.89 crore in FY26, compared with Rs 2,592.53 crore in FY25 and Rs 1,763.65 crore in FY24. While revenue declined about 9 per cent year-on-year in FY26, it remained well above FY24 levels.

Profit after tax improved sharply to Rs 151.59 crore in FY26 from Rs 106.75 crore in FY25 and Rs 40.41 crore in FY24, reflecting strong earnings growth despite lower revenue.

Ebitda rose to Rs 301.44 crore in FY26 from Rs 250.39 crore in FY25 and Rs 156.10 crore in FY24, indicating continued improvement in operating profitability.

As of March 31, 2026, total assets stood at Rs 2,632.36 crore, net worth was Rs 725.41 crore and total borrowings were Rs 828.23 crore. The offer document extract provided does not disclose reserves and surplus separately.

Laser Power and Infra reported a return on equity (ROE) of 23.32 per cent, return on capital employed (ROCE) of 17.83 per cent and return on net worth (RoNW) of 20.90 per cent. Its debt-to-equity ratio stood at 1.10, while the PAT margin and Ebitda margin were 6.46 per cent and 12.96 per cent, respectively.

Earnings per share (EPS) were Rs 13.18 on a pre-IPO basis and Rs 10.80 on a post-IPO basis, while the price-to-earnings (P/E) ratio was 16.24 times pre-IPO and 19.82 times post-IPO. The price-to-book value (P/BV) stood at 3.39.

At the upper end of the price band, the company's implied market capitalisation stands at Rs 3,003.88 crore.