Laxmi Dental IPO Allotment Status: Check Latest GMP, Steps To Verify Status

IPO Details

• Laxmi Dental IPO is a book-built issue worth ₹698.06 crores, comprising:
• Fresh Issue: 0.32 crore shares valued at ₹138.00 crores.
• Offer for Sale (OFS): 1.31 crore shares amounting to ₹560.06 crores.
• Subscription and Listing:
• Subscription Period: January 13 to January 15, 2025.
• Allotment Finalization: January 16, 2025.
• Listing Date: January 20, 2025, on BSE and NSE.
• Price Band and Lot Size:
• Price band: ₹407 to ₹428 per share.
• Minimum lot size: 33 shares, with a retail investment requirement of ₹14,124.
• Investment Requirements for NIIs:
• Small NII: 15 lots (495 shares) at ₹2,11,860.
• Big NII: 71 lots (2,343 shares) totalling ₹10,02,804.

Use of Proceeds

The proceeds from the fresh issue will be strategically utilized to strengthen the company’s financial foundation and support its growth ambitions. A portion of the funds will be directed toward reducing debt by repaying or prepaying certain outstanding borrowings, ensuring enhanced financial stability. Additionally, investments will be made in capital expenditures, including acquiring new machinery for the company and its subsidiary, Bizdent Devices Private Limited, to increase operational efficiency. The remaining proceeds will be allocated to general corporate purposes, providing the flexibility needed to drive future growth initiatives effectively.

Laxmi Dental IPO Day 3 Subscription Status

(January 15, 2025, End of the Day)

The Laxmi Dental IPO received an overall subscription of 114.42 times as of January 15, 2025 (Day 3). The retail category was subscribed 76.23 times, while qualified institutional buyers (QIB) subscribed 110.38 times, and non-institutional investors (NII) saw a remarkable subscription of 147.95 times. Within the NII category, bids above ₹10 lakhs (bNII) were subscribed 167.68 times, and bids below ₹10 lakhs (sNII) were subscribed 108.49 times. 

Laxmi Dental IPO GMP Details:

As per Business Standard, the Grey Market Premium (GMP) for the Laxmi Dental IPO stands at ₹126. With a price band of ₹428.00, the estimated listing price for the IPO is ₹554 (calculated as the cap price plus today’s GMP), with a gain of 29.44%.

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

Read more: Stallion India IPO Day 1 Subscriptions Status

Laxmi Dental Limited Business Overview

Established in July 2004, Laxmi Dental is a comprehensive dental products company specializing in the design, manufacturing, and distribution of a diverse range of solutions. Its product offerings include custom crowns and bridges, innovative clear aligners, thermoforming sheets, and pediatric dental products. Operating under the Taglus brand, the company also provides thermoforming sheets, biocompatible 3D printing resins, and machines for manufacturing clear aligners. With a fully integrated business model that ensures control over every step of the process, Laxmi Dental has built a strong domestic and international presence, exporting its products to more than 90 countries worldwide.

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.