Laser Power IPO subscription hits 1x on Day 3; GMP signals 16% listing gain

The Kolkata-based cable manufacturer’s issue has recovered from a muted start, with grey-market pricing suggesting a solid debut for retail investors on Monday.

By Handelsavisen Newsroom · Automated 2026-07-13 03:19 UTC · 1 min read

Laser Power & Infra Ltd’s initial public offering has reached full subscription by the third day of the five-day window, marking a recovery from a sluggish opening.

The issue, which opened on July 9, attracted subscriptions equivalent to just 0.17 times the issue size on its first day but has since gathered momentum to hit the 1x mark as of July 13.

The company aims to raise ₹742 crore through the offering, with 50% of the issue allocated to Qualified Institutional Buyers (QIBs) and 15% to Non-Institutional Investors (NIIs).

The IPO is scheduled to close on Monday, July 13, with listing expected on July 16.

The price band for the issue is set between ₹205 and ₹214 per share, with a lot size of 70 equity shares.

The company aims to raise ₹742 crore through the offering, with 50% of the issue allocated to Qualified Institutional Buyers (QIBs) and 15% to Non-Institutional Investors (NIIs).

The remaining portion is reserved for retail investors, who have driven much of the recent subscription activity.