Laser Power & Infra Shares Debut and IPO Performance

Laser Power & Infra shares just made a strong debut in the market this Thursday. Investors got some solid listing gains after the IPO saw pretty robust demand across the board.
The stock opened up at Rs 269 on the BSE. That’s nearly a 26% premium over the IPO price of Rs 214 per share. On the NSE, it hit Rs 250, giving investors around a 17% listing gain there too. It felt right, mostly.
The performance lined up with what people expected. There was already some breathing room in the grey market before things officially opened. That grey market premium hovered around Rs 40 per share. You could expect that kind of listing jump maybe about 19%.
So, what’s the deal? Should you buy it? Sell it? Hold?
Shivani Nyati, who heads up wealth at Swastika Investmart, weighed in. She pointed out those numbers: Rs 250 on the NSE, and Rs 269 on the BSE against that initial IPO price of Rs 214. The company’s basics look solid, actually. Ninety percent of the IPO money was earmarked for debt repayment. Plus, they have a healthy order book, about Rs 3,243 crore, which suggests some good revenue visibility moving forward.
But there’s always risk. Nyati gave a clear caution: those who got allotted shares should definitely stick around for the medium to long term. For fresh investors? Accumulating on dips might be smarter. She specifically mentioned setting a stop-loss at Rs 225 to manage that downside risk. It’s just advice, of course.
The IPO itself was quite the event. That Rs 742 crore offering attracted serious attention during those three days. The subscription rate was high it got subscribed 38.94 times overall. Looking at the NSE data, they saw bids for 99.63 crore shares against only 2.55 crore available for subscription.
Institutional money led the charge here. Qualified Institutional Buyers took a huge chunk, subscribing 92.25 times. Non-Institutional Investors also showed up, hitting 43.34 times. Retail investors got about 6.59 times the subscription rate. That shows where the demand really was pulling from.
Before the public saw it, they had already managed to raise around Rs 223 crore from some anchor investors.
The offer structure itself involved a fresh issue of shares worth Rs 542 crore, plus an Offer for Sale of Rs 200 crore by the promoters. The pricing settled in that range, between Rs 203 and Rs 214 per share. When you look at the upper end, this Kolkata-based company was valued close to Rs 3,000 crore just based on those figures.
As for what they plan to do with the fresh cash? They intend to use about Rs 490 crore immediately just to pay down or prepay existing borrowings. The rest is slated for general corporate purposes.
What does the company actually do ? Laser Power & Infra is involved in both manufacturing and those heavy engineering, procurement, and construction projects for the power sector. Think about the infrastructure side. Their product line covers power cables, conductors, aluminium wire rods, aerial bunched cables all the stuff needed for electricity transmission and distribution.
IIFL Capital Services and ICICI Securities handled the book-running for this whole IPO.
Written by Gree News Team — Senior Editorial Board
Gree News Team covers international news and global affairs at Gree News. Our collective of senior editors is dedicated to providing independent, accurate, and responsible journalism for a global audience.
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