Markets Desk July 14, 2026 at 04:32 PM 2 min readmarketsdeveloping

Laser Power IPO Allotment Finalized as SBI Funds IPO Opens

Laser Power & Infra IPO Update:

The allotment process for the Laser Power & Infra IPO reached conclusion on July 14, 2026. Applicants can verify their status via the registrar, MUFG Intime India Private Ltd. With a final subscription of 38.94 times, the company has scheduled the initiation of refunds and demat account credits for July 15, 2026. The stock is expected to commence trading on both the BSE and NSE on July 16, 2026.

SBI Funds Management IPO Debut:

Simultaneous with the Laser Power allotment, the IPO for SBI Funds Management initiated its subscription period on July 14, 2026. This issue represents an Offer for Sale aiming to raise ₹9,813 crore, setting a price band between ₹545 and ₹574 per share. By the close of the first day, the IPO saw an overall subscription of 0.68 times, with notable demand from Non-Institutional Investors and the employee segment, despite a lower initial uptake by Qualified Institutional Buyers.

Market Outlook:

SBI Funds Management maintains its position as India's largest asset management entity, managing ₹12.50 lakh crore in assets as of March 31, 2026. Market indicators suggest a potential listing premium of approximately 16% based on current Grey Market Premium data. The subscription window for the SBI Funds Management IPO will remain open until July 16, 2026, with final allotment expected on July 17, 2026, and a tentative listing date of July 21, 2026.
Pulse Intelligence
Context & Impact
  • Laser Power & Infra IPO witnessed strong interest with a 38.94 times subscription by the end of its three-day window.
  • SBI Funds Management is the largest asset management firm in India by Quarterly Average Assets Under Management.
  • Successful applicants for Laser Power & Infra will see shares credited to demat accounts by July 15.
  • Retail participation in the SBI Funds Management IPO will determine the final subscription ratios before the window closes on July 16.
  • Listing day performance for Laser Power & Infra on July 16 will set the tone for broader primary market sentiment.

The SBI Funds Management IPO is expected to absorb significant liquidity from the market, with potential for retail investor reallocation.