Laser Power & Infra Listing: Stock Lists at 16.8% Premium Over IPO Price
- 16th July 2026
- 02:00 PM
- 3 min read
Summary
Laser Power & Infra shares listed at a premium on both exchanges on Thursday, following a subscription of 38.94x during the IPO's book-building process. The stock opened at ₹250 on NSE and ₹269 on BSE, against an issue price of ₹214. The IPO raised ₹742 crore through a combination of fresh issue and offer for sale.Mumbai | July 16, 2026
Laser Power & Infra Ltd made its market debut on the NSE and BSE on Thursday, listing at a premium over its issue price on both exchanges.
Listing Day Performance
The stock listed at ₹250 per share on NSE, a premium of 16.82% over the issue price. On BSE, the shares opened at ₹269 per share, a premium of 25.7%. Following the listing, the company’s market capitalisation stood at ₹3,775.91 crore.
| Exchange | Issue Price | Listing Price | Listing Premium |
| NSE | ₹214 | ₹250 | 16.82% |
| BSE | ₹214 | ₹269 | 25.7% |
Ahead of listing, the grey market had anticipated listing gains of around 18%, broadly in line with the eventual NSE debut. Grey market premium is an unofficial, unregulated indicator and does not guarantee actual listing performance.
IPO Subscription and Issue Structure
The Laser Power & Infra IPO opened for bidding on July 9, 2026, and closed on July 13, 2026. Allotment was finalised on July 14, 2026. The book-built issue comprised a fresh issue of 2.53 crore shares aggregating ₹542 crore, and an offer for sale of 0.93 crore shares aggregating ₹200 crore, taking the total issue size to ₹742 crore. The company had earlier raised ₹223 crore from anchor investors.
The final issue price was set at ₹214 per share, the upper end of the price band. The lot size for an application was 70 shares, requiring a minimum retail investment of ₹14,980. Small non-institutional investors (sNII) needed to apply for 14 lots (980 shares), amounting to ₹2,09,720, while large non-institutional investors (bNII) needed 67 lots (4,690 shares), amounting to ₹10,03,660. Pre-IPO, the company’s market capitalisation stood at ₹3,003.88 crore.
IIFL Capital Services Ltd acted as the book running lead manager, and MUFG Intime India Pvt Ltd served as the registrar to the issue.
Proceeds from the fresh issue will primarily be used to prepay or repay borrowings worth ₹490 crore, with the balance allocated to general corporate purposes.
Company Overview
Laser Power & Infra, headquartered in Kolkata, operates across manufacturing and engineering, procurement and construction (EPC) segments. The company manufactures power cables, conductors, aluminium wire rods, aerial bunched cables and other products used in the power transmission and distribution sector.
Outlook
Laser Power & Infra’s listing day gains came in on NSE broadly at the levels the grey market had signalled ahead of debut, while BSE recorded a sharper premium. The company plans to use fresh issue proceeds primarily to pare down borrowings, with the remainder earmarked for general corporate purposes.
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