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The Economic Times
The Economic Times
Ritesh Presswala

Laser Power & Infra's Rs 742 crore IPO opens for bidding; GMP hints at 10% listing gain

IPO Laser Power Infra

Laser Power & Infra's Rs 742 crore IPO opened for subscription on Thursday. The integrated manufacturer of power cables and conductors is drawing interest in the grey market, with its GMP hovering around 10%, signalling a potential listing gain over the issue price.

The company’s shares are commanding a premium of nearly Rs 21 over the upper price band of Rs 214, suggesting an estimated listing price of approximately Rs 235 per share if the current market sentiment sustains through listing day.

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