Laser Power IPO Day 2: GMP ₹15 (+₹7)
Welcome back to our daily dive into the Laser Power IPO! As we enter Day 2 of the subscription period for this Mainboard IPO on the NSE, the excitement is palpable, though the numbers are still taking shape. With the issue price set at ₹214 per share, investors are keenly watching every development. Let’s break down what’s happening on the ground.
| Date | GMP | Est. Listing |
|---|---|---|
| 08 Jul | +₹15 | ₹229 |
| 07 Jul | +₹8 | ₹222 |
| 06 Jul | +₹43 | ₹257 |
Subscription Status
As of the close of Day 2, the subscription figures for Laser Power IPO are currently showing 0x across all categories – Retail, NII (Non-Institutional Investors), and QIB (Qualified Institutional Buyers). The total subscription also stands at 0x. Now, this might sound concerning at first glance, but it’s not entirely unusual for IPOs, especially on the second day. Often, a significant portion of subscriptions comes in during the last few days, particularly on Day 4 and Day 5. QIBs, for instance, tend to make their decisions closer to the closing date. The absence of early retail interest could indicate a wait-and-watch approach, or perhaps many are still evaluating the offer. The lot size is 70 shares, which means a minimum investment of ₹15,000 (70 shares * ₹214 issue price) for retail investors.
| Category | Subscription | Progress |
|---|---|---|
| Retail | 6.95x | |
| NII / HNI | 45.69x | |
| QIB | 97.25x | |
| Total | 97.25x |
GMP Update
On a more positive note, the Grey Market Premium (GMP) for Laser Power IPO is showing some encouraging movement. Yesterday, the GMP was at ₹8, but today it has jumped to ₹15, marking an increase of ₹7. This upward trend in GMP is a strong indicator of market sentiment. A rising GMP suggests that demand in the unofficial market is growing, and investors are willing to pay a premium over the issue price. Based on the current GMP, the expected listing price is around ₹229 (₹214 issue price + ₹15 GMP). This ₹15 premium, while modest, is definitely a step in the right direction and could attract more attention as the subscription period progresses.
Should You Apply?
So, the million-dollar question: should you be applying for Laser Power IPO? It’s a bit of a mixed bag right now, and it’s crucial to look at the data holistically. The subscription numbers are currently flat, which gives you plenty of time to make an informed decision without the pressure of oversubscription. However, the rising GMP is a definite positive signal. It suggests that the market is anticipating a decent listing. The IPO is open from 2026-07-09 to 2026-07-13, so you have a few more days to observe. Remember, the SEBI advisor’s role is to provide guidance, and it’s always wise to do your own due diligence on the company’s fundamentals, financials, and future prospects. The current GMP is a good sign, but it’s not a guarantee. Keep an eye on the subscription levels in the coming days. The bottom line is, if you believe in the long-term story of Laser Power and are comfortable with the current valuation and risk, this might be an opportunity. But if you’re solely focused on listing gains, you might want to wait for stronger subscription signals or a more significant GMP jump.
For a more in-depth analysis and all the latest updates, you can View Full Laser Power IPO Details.