Laser Power & Infra IPO Closes with 40.87x Subscription

Laser Power & Infra Limited's initial public offering (IPO) recorded an overall subscription of 40.87 times by 5:04 PM on Day 3 (July 13, 2026). The ₹742.00 crore book-built issue, priced at ₹203 to ₹214 per share, received bids for 99,20,59,040 shares against 2,42,71,031 shares on offer, with strong demand across all investor categories led by QIBs and NIIs.

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

Subscription Status of Laser Power & Infra IPO

Here are the subscription details for Laser Power & Infra IPO Day 3, as of 5:04 PM:

Key Highlights – Day 3

• Overall subscription surged to 40.87 times on Day 3 from 1.05 times on Day 2, driven by exceptionally strong participation across QIB, NII, and retail investor categories.
• Qualified Institutional Buyers (QIBs) (excluding anchor investors) witnessed the strongest demand, with subscription jumping to 97.25 times from 0.68 times on Day 2, indicating robust institutional confidence.
• Non-Institutional Investors (NIIs) subscribed 45.63 times, rising sharply from 2.03 times on Day 2, reflecting overwhelming demand from HNI investors.
• Retail investors subscribed 6.62 times, improving significantly from 0.84 times on Day 2, taking the category comfortably above full subscription on the final day.

Key Highlights – Day 2

• Overall subscription crossed full subscription at 1.05 times, surging from Day 1's 0.17 times, driven by a sharp improvement in NII and QIB demand on Day 2.
• Non-institutional investors crossed full subscription at 2.03 times, surging from Day 1's 0.20 times, with sNII at 2.48 times and bNII at 1.80 times, reflecting meaningful HNI interest building in this power cables and EPC IPO.
• Qualified institutional buyers (ex-anchor) improved to 0.68 times from effectively no participation on Day 1.
• Retail investors improved to 0.84 times from Day 1's 0.26 times, remaining below full subscription.
   

Key Highlights – Day 1

• Overall subscription reached 0.17 times on Day 1 (July 9, 2026), reflecting cautious initial investor interest in this power cables, conductors, and EPC solutions IPO.
• Retail investors showed the strongest opening participation at 0.24 times on Day 1.
• Non-institutional investors recorded 0.20 times, with sNII at 0.33 times and bNII at 0.13 times on Day 1.
• Qualified institutional buyers (ex-anchor) showed effectively no participation on Day 1.
• Anchor investors fully subscribed their allocation of ₹222.60 crores on July 8, 2026.

About Laser Power & Infra Limited

Incorporated in 1988, Laser Power & Infra Limited is a Kolkata-based integrated manufacturer of power cables, conductors, and specialised components for the power transmission and distribution industry, with an EPC segment focused on rural electrification, power distribution infrastructure, and substation installation. The company operates three manufacturing units in West Bengal with a combined installed capacity of 85.448 MT, operates across 26 states and four union territories in India and 10 countries, and held an order book of ₹32,434 million as of March 31, 2026. As of March 31, 2026, the company had operations spanning West Bengal, Bihar, Jharkhand, Odisha, Assam, and Madhya Pradesh among other states.