The public offering for Laser Power & Infra Ltd. has officially crossed the finish line, recording an impressive 41-fold subscription rate by the third and final day. High levels of interest from both Qualified Institutional Buyers (QIBs) and Non-Institutional Investors (NIIs) fueled the strong momentum behind the ₹742 crore issue.
Pricing and Market Sentiment
With a price band set between ₹203 and ₹214 per share, the company has successfully attracted a broad spectrum of market participants. The robust demand underscores investor confidence in the firm’s infrastructure prospects as it prepares to enter the public markets.
What Comes Next
Key milestones for investors:
- Allotment Date: Final share allocations are scheduled for July 14.
- Listing Date: Shares are expected to begin trading on the stock exchange on July 16.
Grey market activity currently points toward a premium listing, suggesting that traders expect a positive debut for the stock when trading commences later this month.
