Laser Power IPO Allotment Today: See How This 38x Oversubscribed Stock is Posing in Grey Market

Laser Power IPO Allotment Today: See How This 38x Oversubscribed Stock is Posing in Grey Market​

The allotment process for the Laser Power & Infra Initial Public Offering (IPO) commences today, July 14. The issue, which was open from July 9 to July 13, witnessed a strong investor response across all application categories. The Rs 742 crore public issue garnered an impressive subscription of 38.94 times, with institutional investors driving the majority of the overwhelming demand.

Subscription Snapshot and Category Demand​

The sheer scale of interest in Laser Power & Infra was evident in the booking statistics. A total of 99,63,24,700 shares were bid for against a limited supply of 2,55,86,207 shares. This highlights the fierce competition for the public offer.

The Qualified Institutional Buyers (QIBs) category led the charge, attracting staggering demand at 92.25 times its subscription level. Non-Institutional Investors (NIIs) were equally enthusiastic, contributing a substantial 43.34 times subscription rate. The retail portion of the IPO was also significantly oversubscribed, recording 6.59 times the requested shares.

Financial Breakdown and Fund Utilization​

The fundraising structure of the IPO comprised two major components. It included a fresh issue amounting to Rs 542 crore and an Offer For Sale (OFS) worth Rs 200 crore from company promoters.

The management plans to utilize a substantial portion of these funds. Specifically, Rs 490 crore from the net proceeds is allocated towards prepaying or repaying outstanding borrowings. The remaining balance will be dedicated to general corporate purposes for the company.

Decoding the Grey Market Premium (GMP)​

Ahead of the allotment, the company's stock reflects strong positive sentiment in the grey market. According to Investorgain, the Grey Market Premium (GMP) stands at Rs 38. This premium suggests a potential listing gain estimated at approximately 18.22 percent over the upper price band of Rs 214. IPO Watch has independently assessed the GMP closer to Rs 40.

Investors are cautioned that the GMP is an unofficial and highly volatile indicator. It should not be relied upon as a dependable forecast for the final listing price.

How to Check Laser Power & Infra Allotment Status​

Applicants who subscribed to the IPO can now check their status through various official channels managed by the registrar, MUFG Intime India. Investors must follow the specific methods corresponding to the platform they used for application.

Checking Allotment on BSE and NSE​

To check your allotment on the BSE, visit their official allotment page. Users need to select "Laser Power & Infra Limited" from the IPO list and provide their Application Number or PAN. Similarly, on the NSE portal, applicants must choose 'LASERPOWER' and enter their PAN or Application Number for verification.

Checking Status via MUFG Intime (Registrar)​

The primary method involves using the registrar’s platform. Applicants should visit the MUFG Intime IPO allotment portal. They must select "Laser Power & Infra Limited" and then utilize one of the available search options, such as PAN, Application Number, or DP/Client ID to view their status.

Key Dates: Crediting and Listing Schedule​

Successful applicants are expected to have shares credited to their demat accounts starting on July 15. Refunds for those who were non-allottees will also be initiated on the same day. The company's shares are tentatively scheduled to list on both the BSE and NSE on July 16, 2026.