Laser Power & Infra IPO Day 1: Issue opens today. GMP hints 7% listing gain. Apply or not?

The Laser Power and Infra IPO opened for subscription on 9 July 2026 at a price band of ₹205 to ₹214 per share, aiming to raise ₹742 crore including a fresh issue of ₹542 crore and an OFS of ₹200 crore by promoters. The company raised around ₹223 crore from anchor investors a day before the issue opened. Grey market premium of ₹15 hints at an estimated 7% listing gain over the upper price band of ₹214, and brokerages including BP Equities and Swastika Investmart have recommended Subscribe, citing attractive valuations, a 42% profit growth in FY26, and a ₹3,243 crore order book.