IPO Today - Laxmi Dental Opens Today, SME IPOs Live - Barflex Polyfilms and Sat Kartar Shopping

Laxmi Dental 

Established in July 2004, Laxmi Dental Limited is a comprehensive provider of dental solutions. The company specializes in delivering high-quality products, including custom crowns and bridges, innovative clear aligners, advanced thermoforming sheets, aligner-related accessories, specialized pediatric dental items and other offerings designed to meet the varied needs of dental professionals.

Laxmi Dental IPO Day 1 Subscription Status

(January 13, 12:49:09 PM, DAY 1)

Laxmi Dental IPO had been subscribed 2.28 times. The retail category saw a subscription of 7 times, while the non-institutional investor (NII) category was subscribed 3.71 times, with bids from both small and big NII investors. The qualified institutional buyers (QIB) portion, however, remained unsubscribed. Among the NII category, big NII (bNII) received a subscription of 3.17 times, while small NII (sNII) was subscribed 4.78 times. 

Laxmi Dental IPO Details

• IPO Type: Laxmi Dental IPO is a book-built issue totalling ₹698.06 crores.
• Fresh Issue: 0.32 crore shares, aggregating to ₹138.00 crores.
• Offer for Sale (OFS): 1.31 crore shares, aggregating to ₹560.06 crores.
• IPO Dates:
• Subscription Period: January 13, 2025, to January 15, 2025.
• Allotment Finalization Date: January 16, 2025.
• Listing Date: January 20, 2025.
• Price Band: ₹407 to ₹428 per share.
• Minimum Lot Size: 33 shares per application.
• Investment Requirements:
• Retail Investors: Minimum investment of ₹14,124.
• Non-Institutional Investors (NII):
• Small NII (sNII): 15 lots (495 shares), amounting to ₹2,11,860.
• Big NII (bNII): 71 lots (2,343 shares), totalling ₹10,02,804.

• Listing Platform: BSE and NSE.

Financial Highlights:

• Revenue: Increased by 19.17% from ₹163.84 crore in FY23 to ₹195.26 crore in FY24.
• Profit After Tax (PAT): Rose from a loss of ₹4.16 crore in FY23 to a profit of ₹25.23 crore in FY24, marking an improvement of 706%

Use of Proceeds

The proceeds from the fresh Issue will be utilized to support several strategic objectives, including the repayment or prepayment, in full or part, of certain outstanding borrowings by the company and its subsidiaries. Additionally, the funds will be allocated toward capital expenditure requirements, such as the acquisition of new machinery for the company and its subsidiary, Bizdent Devices Private Limited. A portion of the proceeds will also be directed toward general corporate purposes, ensuring financial flexibility and supporting the company’s growth initiatives.

GMP Details: As per Business Standard, Laxmi Dental IPO has a Grey Market Premium (GMP) of ₹160. With the price band set at ₹428, the estimated listing price for Laxmi Dental is ₹588 (cap price plus today's GMP), reflecting an anticipated gain of 37.38% per share.

Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.

SME IPOs

Barflex Polyfilms Limited

Founded in January 2005, Barflex Polyfilms Limited specializes in the production of COEX films, laminates, and labels, offering flexible packaging solutions tailored to diverse industries such as FMCG, processed foods, adhesives, engineering, pharmaceuticals, cosmetics, and construction. Serving prominent domestic brands, the company manufactures a wide range of products, including 3-layer and 5-layer poly films, laminates, vacuum pouches, bulk liners, and PVC shrink labels. With plans to expand its offerings to include 7-layer films, Barflex aims to strengthen its position as a preferred packaging partner for its customers.

Barflex Polyfilms IPO Day 2 Subscription Status

(January 13, 2025, 12:50:00 PM (Day 2)

As of January 13, 2025 (Day 2), the Barflex Polyfilms IPO was subscribed 2.7 times overall. Retail investors showed the highest interest, subscribing 4.95 times Non-institutional investors (NII) subscribed to 1.07 times. 

Barflex Polyfilms IPO Details

• IPO Type: Barflex Polyfilms IPO is a book-built issue totaling ₹39.42 crores.
• Fresh Issue: 20.53 lakh shares worth ₹12.32 crores.
• Offer for Sale (OFS): 45.17 lakh shares worth ₹27.10 crores.
• IPO Dates:
• Subscription Period: January 10, 2025, to January 15, 2025.
• Allotment Finalization Date: Thursday, January 16, 2025.
• Tentative Listing Date: Monday, January 20, 2025.
• Listing Platform: NSE SME.
• Price Band: ₹57 to ₹60 per share.
• Minimum Lot Size: 2,000 shares per application.
• Investment Requirements:
• Retail Investors: Minimum investment of ₹1,20,000.
• High Net-worth Individuals (HNI): Minimum investment of ₹2,40,000 (2 lots or 4,000 shares).

Financial Highlights:

• Revenue: Increased by 5.17%, from ₹110.41 crore in FY23 to ₹116.12 crore in FY24.
• Profit After Tax (PAT): Increased by 60.32%, rising from ₹10.13 crore in FY23 to ₹16.24 crore in FY24.

Use of Proceeds

The company plans to utilize the net proceeds to fund capital expenditure for the acquisition of additional plant and machinery, thereby enhancing its production capabilities. A portion of the proceeds will also be allocated for general corporate purposes, supporting the company's overall operational and strategic objectives.

GMP Details: As of January 13, 2025, 09:31 AM, Barflex Polyfilms SME IPO has a last Grey Market Premium (GMP) of ₹0.
Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.

Sat Kartar Shopping Limited

Established in June 2012, Sat Kartar Shopping Limited specializes in Ayurveda-based healthcare, offering natural wellness solutions for both therapeutic and lifestyle needs. The company is committed to promoting healthier living through its range of holistic products rooted in traditional Ayurvedic practices. Its offerings are available through multiple channels, including its own website, popular e-commerce platforms, television marketing, and digital advertising on Google and Meta platforms.

Sat Kartar Shopping IPO Day 2 Subscription Status

(January 13, 2025, 12:54:59 PM (Day 2)

As of January 13, 2025 (Day 2), the Sat Kartar Shopping IPO has been subscribed 19.4 times. The retail category saw a subscription of 33.42 times. The non-institutional investor (NII) category was subscribed 13.15 times. The qualified institutional buyers (QIB) category had a subscription of 0.02 times. 

Sat Kartar Shopping IPO Details

• IPO Type: Sat Kartar Shopping IPO is a book-built issue totalling ₹33.80 crores.
• Entirely a fresh issue of 41.73 lakh shares.
• IPO Dates:
• Subscription Period: January 10, 2025, to January 14, 2025.
• Allotment Finalization Date: Wednesday, January 15, 2025.
• Tentative Listing Date: Friday, January 17, 2025.
• Listing Platform: NSE SME.
• Price Band: ₹77 to ₹81 per share.
• Minimum Lot Size: 1,600 shares per application.
• Investment Requirements:
• Retail Investors: Minimum investment of ₹1,29,600.
• High Net-worth Individuals (HNI): Minimum investment of ₹2,59,200 (2 lots or 3,200 shares).

Financial Highlights:

• Revenue: Increased by 54.39%, from ₹82.98 crore in FY23 to ₹128.11 crore in FY24.
• Profit After Tax (PAT): Rose by 151.39%, from ₹2.51 crore in FY23 to ₹6.31 crore in FY24.
• Net Worth: Increased by 188.37%, from ₹3.27 crore in FY23 to ₹9.43 crore in FY24.

Use of Proceeds

The net proceeds from the Fresh Issue are intended to be utilized for various purposes, as outlined below: ₹5 crores will be allocated for Unidentified Acquisitions, either within India or abroad. ₹11 crores will be directed towards Marketing and Advertisement expenses, while ₹8 crores will be allocated for Capital Expenditures. Additionally, ₹5 crores will be invested in Technology development. The company will utilize the balance amount for general corporate purposes.

GMP Details: As per Livemint, Sat Kartar Shopping SME IPO has a last GMP of ₹33, as updated on January 13, 2025, 09:30 AM. With the price band set at ₹81, the estimated listing price for Sat Kartar Shopping is ₹114 (cap price plus today's GMP), reflecting an expected gain of 40.74% per share.

Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.

Disclaimer: Investing in SME IPOs involves a high degree of risk. Such investments may be suitable only for investors with a high-risk tolerance and the ability to bear potential losses. Perform thorough due diligence and consult a financial advisor before investing. Invest wisely and at your own discretion.

Disclaimer: The GMP (Grey Market Premium) price is unauthenticated market-related news and has no discernible basis. The same quoted above is as per news that appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade or deal in the grey market nor do we recommend or endorse trading in the grey market.