Branch² Intelligence
Laser Power and Infra IPO Day 2: Check latest GMP, subscription status, and other details - Should you apply?
Key takeaway
Laser Power & Infra IPO opens with price band ₹203-214, subscribed 0.17x on Day 1.
- Step 1Laser Power & Infra IPO opens with weak Day 1 subscription (0.17x), indicating tepid demand.
- Step 2Weak demand may lead to lower final subscription, forcing price band revision or extended offer period.
- Step 3Lower capital raised delays the company's expansion plans, impacting its competitive position in the infrastructure sector.
Source: LiveMint Markets
This is automated analysis for information only. It is not investment advice, not a recommendation, and not a solicitation to buy or sell any security. Branch² is not authorised or regulated. Do your own research.