Laser Power IPO Day 3: Issue booked 1x so far. GMP hints 16% listing gain. Should you apply or skip?

Laser Power & Infra's ₹742 crore IPO was subscribed 1x on day 3, with retail at 80%, NII at 1.93x, and QIB at 64%. The grey market premium of about ₹34.5 suggests an estimated 16% listing gain over the upper price band of ₹214. Brokerages including BP Equities, Swastika Investmart, and SBICAP Securities recommended subscribing, citing a ₹3,243 crore order book, 42% profit growth in FY26, and debt reduction use of proceeds.