Laser Power & Infra IPO Subscription Status Day 1: Issue Subscribed 2% In Early Trade; Retail Portion Leads Demand

he initial public offering (IPO) of Laser Power & Infra Ltd. opened for subscription on Thursday, July 9, and saw a cautious start to bidding. According to data available on the National Stock Exchange (NSE) at 10:10 AM, the ₹742-crore public issue was subscribed 2%, receiving bids for 4,87,900 equity shares against 2,55,86,207 shares on offer. The issue will remain open for subscription until July 13.

Retail investors accounted for most of the early participation, with the retail portion subscribed 3%, while the non-institutional investor (NII) category was booked 1%. Subscription figures are expected to change through the trading session as investors continue placing bids across categories.

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 promoter shareholders Rakhi Goel, Devesh Goel and Deepak Goel.

Laser Power & Infra IPO Subscription Status Day 1 The category-wise subscription status for the Laser Power & Infra IPO as of 10:10 AM on July 9, 2026, is as follows:

Laser Power & Infra IPO Issue Details

The company plans to raise ₹742 crore through the IPO, comprising a fresh issue of ₹542 crore and an Offer for Sale (OFS) of ₹200 crore. Proceeds from the fresh issue will primarily be used to repay or prepay borrowings, while the remaining amount has been earmarked for general corporate purposes.

Ahead of the issue opening, Laser Power & Infra mobilised ₹222.6 crore from anchor investors after allotting 1.04 crore equity shares at ₹214 per share. The anchor book included investors such as 3P India Equity Fund, Nippon India Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, HDFC Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, Edelweiss Mutual Fund, Edelweiss Life Insurance, Kotak Mahindra Life Insurance and Societe Generale.

Laser Power & Infra 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).

Laser Power & Infra IPO Lot Size

The IPO is priced between ₹203 and ₹214 per share, with a lot size of 70 equity shares. At the upper end of the price band, retail investors are required to invest a minimum of ₹14,980.

Laser Power & Infra IPO Key Dates

The issue opened for subscription on July 9 and is scheduled to close on July 13. 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 shares are proposed to list on the BSE and NSE on July 16.

Axis Capital Ltd. is the book-running lead manager to the issue, while Bigshare Services Pvt. Ltd. is the registrar.

The Laser Power & Infra IPO made a measured start on the opening day, with retail investors driving early subscriptions. As bidding progresses over the next few sessions, investors will track category-wise demand ahead of the issue's closure on July 13.

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