Laser Power & Infra IPO Subscription Status Day 2: Issue Booked 0.23 Times as NII Segment Leads Demand

Mumbai, July 10: The Laser Power & Infra IPO continued to receive bids on the second day of its subscription period, although investor participation remained modest across categories. According to the latest exchange data available during the morning session, the ₹742 crore public issue was subscribed 0.23 times, with the non-institutional investor (NII) segment attracting the highest interest so far.

With the subscription window remaining open until July 13, 2026, bidding activity is expected to continue over the next two trading sessions. Many mainboard IPOs typically witness stronger participation during the final phase of the issue, particularly from institutional investors.

The IPO is a book-built issue comprising a fresh issue of 2,53,27,102 equity shares aggregating up to ₹542 crore and an Offer for Sale (OFS) of 93,45,794 equity shares aggregating up to ₹200 crore, taking the total issue size to ₹742 crore.

Laser Power & Infra IPO Subscription Status Day 2

As of the latest update on July 10, the issue had received bids for 56,28,840 shares against 2,42,71,031 shares available for subscription, translating into an overall subscription of 0.23 times.

The category-wise subscription stood at:

• QIB (Ex Anchor): 0.00x
• NII: 0.34x
• bNII: 0.26x
• sNII: 0.49x
• Retail Investors: 0.32x
• Overall: 0.23x

The issue had attracted 43,856 applications at the time of the update.

Day-Wise Subscription Trend

Subscription has improved gradually since bidding opened on July 9.

*Day 2 figures are based on the morning update and may change until market hours end.

While the overall subscription remains below one time, participation has strengthened in both the retail and NII categories compared with the opening day. The sNII portion has seen relatively stronger demand than the bNII segment so far.

Laser Power & Infra IPO Details

• Issue Size: ₹742 crore
• Issue Type: Book Built IPO
• Fresh Issue: 2,53,27,102 equity shares worth ₹542 crore
• Offer for Sale: 93,45,794 equity shares worth ₹200 crore
• Price Band: ₹203 to ₹214 per share
• Lot Size: 70 shares
• Minimum Retail Investment: ₹14,980
• Listing: BSE and NSE

Important Dates

• IPO Opens: July 9, 2026
• IPO Closes: July 13, 2026
• Expected Allotment: July 14, 2026
• Refunds: July 15, 2026
• Credit of Shares: July 15, 2026
• Tentative Listing: July 16, 2026

What Investors Should Watch

With two bidding days still remaining, investors will closely monitor whether subscription gathers momentum over the weekend and on the final day. Institutional participation is also expected to remain in focus, as the QIB category has not recorded any bids so far in the latest exchange data.

Retail and high-net-worth investor demand has shown a gradual improvement from Day 1, and the pace of subscriptions over the remaining sessions will determine the final response to the issue.

Conclusion

The Laser Power & Infra IPO has made a steady start, with overall subscription reaching 0.23 times by the morning of Day 2. Although bidding remains below the fully subscribed mark, participation has improved across retail and NII categories compared with the opening day. As the issue remains open until July 13, the final subscription figures are expected to evolve further before bidding closes.

Source:

• https://www.chittorgarh.net/reports/anchor-investor/laser-power-infra-ipo-anchor-allocation-letter.pdf