Laser Power & Infra shares to list today; GMP points to nearly 20% listing gains

Laser Power and Infra is set to list on stock exchanges today after its Rs 742 crore IPO closed with 38.94 times overall subscription. Qualified Institutional Buyers quota was subscribed 92.25 times, Non-Institutional Investors 43.34 times, and Retail Individual Investors 6.59 times. Grey market premium of around Rs 36 per share suggests a debut near Rs 250-257, implying nearly 20% listing gains over the upper price band of Rs 214. Proceeds include Rs 490 crore earmarked for debt repayment.