The basis of allotment for the Laser Power & Infra IPO has been finalized today, July 14, following its bidding period from July 9-13. Investors who participated in the initial public offering can now check their application status as the company prepares for its market debut.
Shares are anticipated to be credited to successful applicants' demat accounts by Wednesday, July 15, with refunds for non-allotted bidders also initiated on the same day. The equity shares of Laser Power & Infra are scheduled to be listed on both the BSE and NSE on Thursday, July 16.
IPO Subscription Details and Allotment Odds
The Laser Power & Infra IPO, which aimed to raise Rs 742 crore by offering shares in the price band of Rs 203-214 apiece, received a muted overall response. The issue was subscribed only 38.94 per cent, attracting over 11.53 lakh applications.
- Qualified Institutional Bidders (QIBs): This portion was significantly oversubscribed at 92.25 times.
- Non-Institutional Investors (NIIs): The quota for NIIs was booked 43.34 times.
- Retail Individual Investors (RIIs): The retail segment saw a subscription of 6.59 times.
Based on the subscription figures, the odds of allotment were:
- Big HNI Category: Approximately 1 out of 10 investors will receive 910 shares (10% probability).
- Small HNI Category: Approximately 1 out of 35 investors will receive 910 shares (2.86% probability).
- Retail Category: Approximately 1 out of 6 investors will receive 70 shares (16.67% probability).
Grey Market Premium (GMP) Update
The Grey Market Premium (GMP) for Laser Power & Infra has seen some fluctuation. After opening with a GMP of Rs 24-25, it is currently commanding a discount of Rs 39-41 per share. This suggests an expected listing pop of around 18-19 per cent for investors, despite earlier market jitters.
About Laser Power & Infra
Incorporated in 1988 and based in Kolkata, Laser Power & Infra is an integrated manufacturer of power cables, conductors, and other specialized products for India's power transmission and distribution industry. The company has also strategically expanded its operations into the EPC (Engineering, Procurement, and Construction) segment within the power distribution sector.
How to Check Allotment Status
Investors can check their Laser Power & Infra IPO allotment status through several official channels:
1. BSE Website:
- Visit bseindia.com/investors/appli_check.aspx
- Under 'Issue Type', select 'Equity'.
- From the 'Issue Name' dropdown, choose 'Laser Power & Infra Limited'.
- Enter your application number and PAN card ID.
- Complete the 'I am not a Robot' captcha and click 'Search'.
2. NSE Website:
- Go to nseindia.com/invest/check-trades-bids-verify-ipo-bids
- Select 'Equity & SME IPO Bid details'.
- Choose 'LASERPOWER' under 'Select Symbol'.
- Input your PAN No. and Application No.
- Click 'Submit'.
3. Registrar's Website (MUFG Intime India):
- Visit the official registrar portal: in.mpms.mufg.com/Initial_Offer/public-issues.html
- Select the IPO/FPO name (which will be populated once allotment is finalized).
- Choose one of three modes: Application number, Demat Account number, or PAN ID.
- Enter the required details for your selected mode.
- Fill in the captcha accurately and click 'Submit'.
Disclaimer: This article provides market news for informational purposes only and should not be considered investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.