Laser Power IPO Subscription Status Day 3: Issue Fully Subscribed; NII Portion Leads Demand
- By Kotak News Desk
- 09 Jul 2026 at 3:26 PM IST
- 4m
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Laser Power IPO Subscription Status Day 3: The ₹742-crore public issue entered the final day of bidding after achieving full subscription on Day 2. The NII category continued to lead demand, while retail and institutional investors also saw steady participation.
The initial public offering (IPO) of Laser Power & Infra Ltd. entered the third and final day of bidding after receiving full subscription by the close of Day 2. According to exchange data, the ₹742-crore public issue received bids for 100% of the 2.55 crore equity shares on offer, with the non-institutional investor (NII) category continuing to lead demand. The issue will close for subscription at the end of the day.
The NII portion was subscribed 1.93 times, while the Retail Individual Investor (RII) category was subscribed 80%. The Qualified Institutional Buyers (QIBs) segment received bids for 64% of the shares reserved for institutional investors.
Laser Power & Infra has fixed the IPO price band at ₹203–₹214 per equity share. The public issue comprises a fresh issue of ₹542 crore and an Offer for Sale (OFS) of ₹200 crore by the promoter shareholders. The basis of allotment is expected to be finalised on July 14, while the company's shares are proposed to list on the BSE and NSE on July 16.
Laser Power IPO Subscription Status Day 3
Category-wise subscription status at the close of Day 2 is as follows:
Qualified Institutional Buyers (QIBs) | 64% |
Non-Institutional Investors (NIIs) | 1.93x |
Retail Individual Investors (RIIs) | 80% |
Overall | 1.00x |
Laser Power IPO Subscription Trend
The public issue gathered momentum during the subscription period, reaching full subscription by the end of the second day of bidding.
Day 1 | 0.3x |
Day 2 | 1.00x |
Day 3 | Bidding Open |
Laser Power IPO Details
The ₹742-crore IPO comprises a fresh issue of ₹542 crore and an Offer for Sale (OFS) of ₹200 crore by promoters Deepak Goel, Devesh Goel and Rakhi Goel.
The company plans to utilise ₹490 crore from the fresh issue towards repayment or prepayment of borrowings, while the remaining proceeds will be used for general corporate purposes.
The IPO has been priced in the range of ₹203–₹214 per share. Investors can apply for a minimum of 70 equity shares, requiring an investment of ₹14,980 at the upper end of the price band.
Laser Power IPO Reservation
Under the book-building process, up to 50% of the net offer has been reserved for Qualified Institutional Buyers (QIBs), at least 15% for Non-Institutional Investors (NIIs) and at least 35% for Retail Individual Investors (RIIs).
Qualified Institutional Buyers (QIBs) | Up to 50% |
Non-Institutional Investors (NIIs) | At least 15% |
Retail Individual Investors (RIIs) | At least 35% |
Laser Power IPO Key Dates
The IPO opened for subscription on July 9 and is scheduled to close on July 11. The basis of allotment is expected to be finalised on July 14, while refunds and credit of shares to successful applicants' demat accounts are likely on July 15. The company's shares are proposed to list on the BSE and NSE on July 16.
IPO Opens | July 9, 2026 |
IPO Closes | July 11, 2026 |
Basis of Allotment | July 14, 2026 |
Refund Initiation | July 15, 2026 |
Credit of Shares to Demat Accounts | July 15, 2026 |
Tentative Listing | July 16, 2026 |
Book Running Lead Managers
IIFL Capital Services Ltd. is the book-running lead manager to the issue, while MUFG Intime India Pvt. Ltd. is the registrar.
The Laser Power IPO entered the final day of bidding after securing full subscription by the close of Day 2, led by strong participation from non-institutional investors. The final subscription figures will be available after the issue closes, following which investor focus will shift to the allotment process and the proposed listing on July 16.
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, visit www.kotakneo.com/disclaimer.
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