Laser Power & Infra Shares List At 17% Premium On NSE

Laser Power & Infra Ltd made a positive stock market debut on Thursday, with its shares listing at a premium on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) after the company's initial public offering (IPO) received strong investor demand.

Laser Power & Infra IPO Listing Today

The integrated power cables and transmission products manufacturer got listed at ₹250 per share on the NSE, representing a 16.82% premium over its IPO issue price of ₹214, the upper end of the price band.

On BSE, the stock opened even higher at ₹269 per share, reflecting a 25.7% premium to the issue price. Following the listing, the company's market capitalisation stood at ₹3,775.91 crore. The listing follows a robust response to the company's ₹742-crore IPO.

At 12:39 PM, Laser Power & Infra Ltd shares were trading at ₹267.64 and ₹267.50 on the NSE and BSE, respectively.

IPO Details

Laser Power & Infra launched its IPO between 9 July and 13 July. The public issue was priced in the range of ₹203-214 per share. Shares were allotted on 14 July. Here are the crucial details of the Laser Power & Infra IPO:

Subscription Of Laser Power & Infra IPO

Investor interest remained strong throughout the subscription window, with the issue attracting bids worth 38.94 times the shares on offer, according to NSE data. Investors placed bids for 99.63 crore shares against the 2.55 crore shares on offer, reflecting strong demand across investor categories.

The qualified institutional buyers (QIB) segment saw the highest interest. Its subscriptions reached 92.25 times. The non-institutional investors (NII) portion was subscribed 43.34 times. The retail investor quota received 6.59 times the bids.

The healthy demand translated into a premium listing on both exchanges, with the BSE debut outperforming the NSE listing price.

About Laser Power & Infra

Founded in 1988, Laser Power & Infra manufactures power cables, conductors and other products used in the power transmission and distribution sector. The company also executes engineering, procurement and construction (EPC) projects.

In its draft red herring prospectus (DRHP), it said it was the fastest-growing power cables and conductors manufacturer in India by revenue growth during the relevant period. The company has reported strong financial growth over the last two financial years.

Revenue from operations rose to ₹2,570.40 crore in FY25 from ₹1,314.46 crore in FY23, reflecting a 39.84% compound annual growth rate (CAGR). Profit after tax (PAT) increased to ₹106.75 crore from ₹23.19 crore, while earnings before interest, taxes, depreciation, and amortisation (EBITDA) climbed to ₹250.39 crore from ₹111.67 crore. EBITDA margin improved to 9.74% from 8.50%, and PAT margin expanded to 4.12% from 1.75%.

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