Branch² Intelligence
Laser Power & Infra IPO: Issue receives tepid response on Day 01, subscribed 0.17x; GMP signals healthy listing
Key takeaway
Laser Power & Infra IPO subscribed only 0.17x on Day 1, indicating weak retail demand.
- Step 1Laser Power & Infra IPO subscribed 0.17x on Day 1, indicating weak retail demand.
- Step 2Weak subscription may force the company to lower price band or delay listing, reducing IPO proceeds.
- Step 3Negative sentiment spills over to other small-cap infrastructure IPOs, increasing cost of equity for the sector.
Source: IN:Mint
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