Laser Power & Infra IPO allotment: How to check status online on NSE, BSE, MUFG Intime India; listing date, time here

The basis of allotment of integrated power cables and transmission products maker Laser Power & Infra Ltd is expected to be finalised on Tuesday, July 14. The bid finalisation details will be available on the websites of the registrar, MUFG Intime India, the NSE and the BSE.

The initial public offering was subscribed 38.94 times, with bids for 99,63,24,700 shares compared to 2,55,86,207 shares on offer, according to the NSE data.

The quota for qualified institutional buyers (QIBs) attracted 92.25 times subscription, while the category for non-institutional investors (NIIs) got subscribed 43.34 times. The part for retail individual investors secured 6.59 times subscription.

The initial share sale, with a price band of ₹203 to ₹214 per share, sought to raise ₹742 crore via fresh issuance of 2.53 crore shares worth ₹542 crore and an offer for sale (OFS) of ₹200 crore.

The fresh issue proceeds will primarily be used to prepay or repay borrowings aggregating to ₹490 crore. The remaining funds will be used for general corporate purposes.

Laser Power & Infra, incorporated in 1988, manufactures power cables, conductors and other specialised products and components related to the power transmission and distribution industry. It also provides engineering, procurement, and construction (EPC) services in the power distribution sector.

Laser Power & Infra IPO allotment date and time

Laser Power & Infra IPO allotment status is likely to be finalised on Tuesday, July 14, evening.

How to check Laser Power & Infra IPO allotment status online on NSE

• Open NSE's allotment page in your browser: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select ‘Equity & SME IPO bid details’ option
• From the 'Select Symbol' list, pick 'LASERPOWER'
• Mention your application number and PAN
• Press the 'Submit' button

Steps to check Laser Power & Infra IPO allotment status online on BSE

• Go to BSE's IPO allotment link: https://bseindia.com/investors/appli_check.aspx.
• Issue type should be kept as 'Equity'
• From the ‘Issue Name’ dropdown, select 'Laser Power & Infra Ltd'
• Fill in either your PAN or IPO application number
• Hit the 'Search' button

Laser Power & Infra IPO allotment status online on MUFG Intime India; full steps

• Go to MUFG Intime India's allotment website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Select ‘Laser Power & Infra Ltd’ from the public offer names
• Add application no., DP/client ID, PAN or account number/IFSC
• Click on the ‘Submit’ button

Laser Power & Infra IPO listing date and time

Shares of Laser Power & Infra will be listed on the NSE and the BSE on Thursday, July 16.