Branch2 Intelligence
Laser Power & Infra sets price band for Rs 742 crore IPO; GMP signals 11% premium. Check details
Key takeaway
Laser Power & Infra's Rs 742 crore IPO opens July 9 with 11% grey market premium, signaling strong demand.
- Step 11st-order: Laser Power & Infra launches Rs 742 crore IPO with 11% grey market premium, indicating strong demand.
- Step 22nd-order: IPO proceeds repay debt, reducing interest costs and improving net margins.
- Step 33rd-order: Improved financials and positive sentiment may lead to equity re-rating for the company and peer infrastructure SMEs.
Source: Economic Times (Markets)
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