Laser Power & Infra IPO Day 2: GMP signals 11% listing gain; Check subscription status, key details

The Rs 742-crore Laser Power & Infra IPO was subscribed 16% on Day 1, with retail investors at 23% and NIIs at 19%, while QIBs placed no bids. The grey market premium of Rs 24 points to an estimated 11% listing gain over the upper price band of Rs 214, implying a listing price of around Rs 238. The issue comprises a Rs 542-crore fresh issue for debt repayment and a Rs 200-crore OFS by promoters Deepak Goel, Rakhi Goel, and Devesh Goel, with allotment on July 14 and listing expected on July 16, 2026.