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Laser Power & Infra Ltd. provides power cables, conductors, and EPC solutions to various clients across the Cables And Wires industry. The company started its operations in 1988 and is based in Kolkata. This IPO helps the company repay its current debt load. The company will use the fresh issue money to clear outstanding borrowings. It also wants to fund general corporate purposes. Investors can now track the demand for these shares through the subscription status and the interest of different buyer categories.
Anchor investors are big institutions that buy shares before the public. The Book Running Lead Manager finalised the allocation of 5,11,200 Equity Shares to Anchor Investors at Rs. 120 per share.
Disclaimer: This information is for educational purposes only. Always seek advice from a qualified financial professional before making investment choices.
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