Laser Power & Infra IPO Subscribed 0.17 Times on Day 1
Last Updated: 9th July 2026 - 08:11 pm
Laser Power & Infra Limited's initial public offering (IPO) opened for subscription on July 9, 2026, recording an overall subscription of 0.17 times by 4:54 PM on Day 1. The ₹742.00 crore book-build issue, priced at ₹203 to ₹214 per share, received bids for 40,07,290 shares against 2,42,71,031 shares on offer, with total applications reaching 33,800.
Subscription Status of Laser Power & Infra IPO
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 (July 9) | 0.00 | 0.20 | 0.24 | 0.17 |
Here are the subscription details for Laser Power & Infra IPO Day 3, as of 5:04 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 1,04,01,867 | 1,04,01,867 | 222.60 |
| QIB (Ex-Anchor) | 0.00 | 69,34,582 | 12,740 | 0.27 |
| NII | 0.20 | 52,00,935 | 10,22,560 | 21.88 |
| Retail | 0.24 | 1,21,35,514 | 29,71,990 | 63.60 |
| Total | 0.17 | 2,42,71,031 |
40,07,290 |
85.76 |
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.
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