Laser Power and Infra IPO Allotment Finalised Ahead of Thursday Listing
The issuer is set to list on Thursday with an estimated 18 per cent premium, reflecting sustained retail appetite in the Indian primary market.
The share allotment for the Laser Power and Infra initial public offering was finalised on Tuesday, concluding a subscription window that opened on 9 July and closed on 13 July. Investors can now verify their allocation status through the official registrar, MUFG Intime India Private Ltd, as well as via the BSE and NSE online portals.
The issue garnered substantial interest during its bidding period, recording an overall subscription rate of 38.94 times by the third day. This level of demand indicates a robust appetite among market participants for new listings in the Indian primary market.
Unsuccessful applicants will see the refund process initiated on Wednesday, 15 July. For those who received a successful allocation, the shares will be formally credited to their respective demat accounts on the same day, ensuring settlement ahead of the official market debut.
The company is scheduled to list its shares on the exchanges on Thursday, 16 July. Market participants are closely monitoring the grey market premium, which stood at ₹39 on Tuesday.
Based on the upper end of the IPO price band of ₹214, the current grey market premium implies an estimated listing price of ₹253 per share. This represents an expected initial gain of 18.22 per cent for investors who were allotted shares at the cap.
Grey market trends over the past 11 trading sessions have shown the premium fluctuating between ₹0.00 and ₹40.50. The upward trajectory observed on the day of allotment suggests that early listing sentiment remains constructive, despite the inherent volatility of unofficial trading channels.
For market professionals, this listing serves as a near-term gauge of retail liquidity and risk tolerance in India’s domestic equity markets. An 18 per cent listing gain would validate the issuer's pricing strategy. However, investors will need to monitor actual trading volumes on Thursday to assess whether these grey market expectations translate into sustained secondary market support.
