Laxmi Dental IPO has been the talk of the market recently due to its high subscription and attractive Grey Market Premium (GMP). Investors are eagerly waiting for the Laxmi Dental IPO allotment status and its final listing details. Here’s everything you need to know about Laxmi Dental IPO allotment, GMP allotment status, and the key dates associated with the IPO.
Laxmi Dental IPO Allotment Date
The allotment for Laxmi Dental IPO is scheduled to be finalized today, January 16, 2025. Investors can check the allotment status through various platforms like BSE, NSE, and Link Intime India. The IPO listing is expected on January 20, 2025, on both the BSE and NSE.
How to Check Laxmi Dental IPO Allotment Status?
1. On BSE Website
- Visit the BSE IPO Application Status page.
- Select ‘Equity’ under the issue type.
- Choose ‘Laxmi Dental Ltd.’ from the dropdown menu.
- Enter your application number or PAN details.
- Verify using the captcha and click ‘Submit’.
2. On NSE Website
- Visit the NSE IPO Allotment page.
- Choose ‘LAXMIDENTL’ from the list of IPOs.
- Enter your PAN or application number.
- Submit the details to view your allotment status.
3. Through Link Intime India
- Go to the official website of Link Intime India here.
- Select ‘Laxmi Dental Limited’ under the company dropdown.
- Choose your preferred identification method (Application Number, DP/Client ID, or PAN).
- Enter the required details and click ‘Submit’.
Laxmi Dental IPO GMP Allotment Status
As of January 16, 2025, the Grey Market Premium (GMP) for Laxmi Dental IPO is ₹126. This suggests an estimated listing price of ₹554 per share, which is approximately 29.44% higher than the upper price band of ₹428.
Note: GMP is market speculation and may fluctuate based on market demand and supply. It is not an official measure of listing price.
Laxmi Dental IPO Subscription Highlights
Final Day (January 15, 2025)
- Overall Subscription: 114.42 times
- Retail Investors: 76.23 times
- Qualified Institutional Buyers (QIB): 110.38 times
- Non-Institutional Investors (NII): 147.95 times
The high subscription rate, especially in the NII category, reflects strong demand for the IPO among investors.
Laxmi Dental IPO Details
- Price Band: ₹407 to ₹428 per share
- Lot Size: 33 shares per lot
- Minimum Investment (Retail): ₹14,124
- Total IPO Size: ₹698.06 crore
- Fresh Issue: ₹138 crore
- Offer for Sale (OFS): ₹560.06 crore
The proceeds from the IPO will be utilized for reducing debt, capital expenditures, and general corporate purposes.
Laxmi Dental Business Overview
Laxmi Dental Limited, established in 2004, is one of India’s top dental laboratories. The company designs, manufactures, and distributes dental products such as clear aligners, custom crowns, and pediatric dental solutions. It exports to over 90 countries, highlighting its global presence.
Should You Apply for Laxmi Dental IPO?
Leading brokerages like SBI Securities and Anand Rathi have recommended subscribing to Laxmi Dental IPO for the long term due to its:
- Strong market position
- High demand for dental products
- Consistent revenue growth
However, investors should note the valuation is slightly on the higher side.
Stay updated on Laxmi Dental IPO allotment status, GMP allotment status, and allotment date to ensure you don’t miss out on any details.