Laser Power and Infra IPO Day 2: Check latest GMP, subscription status, and other details - Should you apply?

The ₹742 crore IPO of Laser Power & Infra opened on July 9 and will close on July 13, with a price band of ₹203-214 per share. As of the end of Day 1, the issue was subscribed 0.17 times, while the grey market premium stood at ₹24, indicating a likely 11.21% premium listing at around ₹238. Brokerages SBI Securities and Choice Broking have recommended subscribing to the issue, citing strong positioning in the power transmission sector and a reasonable valuation of 25.3x FY26 P/E on a post-issue basis.