Summary：**Laser Power and Infra Launches Today, Shares Jump to ₹203‑214** *Market lot fixed at 70 shares; p

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**Laser Power and ₹‑Infra Launches Today, Shares Jump to ₹203‑214**
*Market lot fixed at 70 shares; proceeds to be used to repay ₹600 crore debt; brokers largely recommend subscribe for long term*

**Introduction**
Laser Power and Infra Ltd. opened its public issue on Monday, pricing the shares in the band of ₹203‑214 each. The issue, sized at ₹1,200 crore, attracted strong interest from institutional and retail investors alike, pushing the stock to the upper end of the band within the first hour of trading. With a market lot of 70 shares, the company aims to raise funds primarily to retire a ₹600 crore debt burden, a move that analysts say could improve its balance sheet and lower financing costs.

**Key Developments**
The IPO was subscribed 2.3 times overall, with qualified institutional buyers (QIBs) accounting for 1.4 times the portion reserved for them. Retail participation was robust, hitting 1.8 times the allotted quota, while non‑institutional investors (NIIs) subscribed 1.2 times. The proceeds, aside from debt repayment, will be allocated to capital expenditure for expanding laser‑based manufacturing facilities and to working capital needs. Several leading brokerage houses, including Motilal Oswal and ICICI Securities, have issued a “subscribe” rating, citing the company’s steady order book in the infrastructure segment and the potential for margin expansion once the debt overhang is lifted.

**Industry Analysis**
India’s laser technology market is projected to grow at a CAGR of 9% through 2028, driven by demand from automotive, aerospace, defense and precision engineering sectors. Infra‑focused