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The Economic Times
The Economic Times
Ritesh Presswala

Laser Power & Infra IPO Day 3: Issue subscribed 19.13 times, GMP hints at 17% listing gain; key details inside

IPO Laser Power Infra BSE Grey Market Premium NSE

The Rs 742-crore Laser Power & Infra IPO has received a strong response on the third and final day of bidding, with the issue subscribed 19.13 times against the 2.55 crore shares on offer. The retail investor segment was subscribed 4.57 times, with bids received for 1.27 crore shares reserved for the category.

The issue is currently commanding a Grey Market Premium (GMP) of Rs 36, suggesting a potential listing gain of around 17% over the upper price band of Rs 214.

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