Laser Power & Infra IPO Allotment Status: How To Check Share Allocation Status On MUFG Intime India, BSE, And NSE Website

The subscription window of Laser Power & Infra's initial public offering (IPO) closed on July 13. The integrated power cable manufacturer and engineering procurement and construction (EPC) contractor saw robust investor interest during its bidding period.

Following the closing of the bidding window, the share allotment status for the Laser Power & Infra IPO is scheduled to be finalised on July 14.

Laser Power & Infra IPO Subscription Details

Laser Power & Infra’s public issue is worth Rs 742 crore, comprising a fresh issue of Rs 542 crore and an offer-for-sale (OFS) of Rs 200 crore. The company is an integrated manufacturer of power cables and also executes engineering, procurement, and construction (EPC) projects.

The company's public issue was subscribed 38.94 times overall as investors placed bids for 996.32 million shares compared to the 25.58 million shares set aside for the category. Qualified Institutional Buyers drove the demand for the issue by subscribing their quota 92.25 times. Retail investors booked their quota 6.59 times and non-institutional investors (NIIs) booked their quota 43.34 times.

Laser Power & Infra IPO GMP

Ahead of the share allotment, Laser Power & Infra shares were trading with a grey market premium (GMP) hovering around Rs 40.5 per share, according to websites that monitor the demand for unlisted shares. Based on the grey market trends, shares of Laser Power & Infra are expected to list at approximately Rs 254.5 per share, offering a premium of roughly 18.93 per cent over the upper end of the price band.

Laser Power & Infra IPO Allotment

Investors who applied for the Laser Power & Infra IPO can check their share allotment status through the official registrar, MUFG Intime India Pvt. Ltd., or on the official BSE and NSE portals once the basis of allotment is finalised.

Steps To Check Laser Power & Infra IPO Allotment on NSE

1. Head to the official NSE tracking page for IPO bids: nseindia.com/invest/check-trades-bids-verify-ipo-bids

2. Select “Equity” under the issue type.

3. Find and select “Laser Power & Infra” from the drop-down list.

4. Enter your Permanent Account Number (PAN) and IPO application number.

5. Click the Submit button to see your allotment status.

How To See Laser Power & Infra IPO Allotment Status On BSE Website

1. Head to the BSE investor application status portal: bseindia.com/investors/appli_check.aspx

2. Select the “Equity” button.

3. Pick “Laser Power & Infra” from the available active issues menu.

4. Type in the PAN number used for the application or your application number.

5. Click “Search” to see the share allocation status.

Steps To Check Laser Power & Infra IPO Share Status On Registrar Website

1. Head to the official allotment page of MUFG Intime India Pvt. Ltd.

2. Select “Laser Power & Infra Limited” from the company drop-down list.

3. Choose which credential to search the allocation by: Application Number, DP Client ID, or PAN.

4. Type in the details into the text box.

5. Click the “Search” button to view your exact share allocation.

Laser Power & Infra IPO Details

Laser Power & Infra IPO is a book-built issue worth Rs 742 crore. The price band for the issue was fixed between Rs 203 and Rs 214 per share. Retail investors were required to bid for a minimum lot size of 70 shares, requiring a minimum investment of Rs 14,980.

Laser Power & Infra IPO Listing Date

The basis of allotment for the Laser Power & Infra IPO is scheduled to be finalised on July 14. The initiation of refunds and the credit of shares to successful investors' demat accounts will take place on July 15. The shares are set to make their stock market debut on both the NSE and BSE on July 16.