Laser Power & Infra IPO: Issue booked 41 times on Day 03; NII, QIB portions see strong demand

The Laser Power & Infra IPO was oversubscribed around 41 times on the final day of bidding, driven by strong institutional demand. The QIB portion was subscribed 97.25 times, NII 45 times, and retail 6.95 times, with bids for 99.63 crore shares against 2.42 crore shares on offer. The Rs 742 crore issue (Rs 542 crore fresh issue and Rs 200 crore OFS) is priced at Rs 203-214, with grey market premium of about Rs 45 indicating a potential listing near Rs 259, a premium of nearly 21%.