Laxmi Dental IPO Day 2 Live Updates: Key Highlights, GMP, Subscription Status, and Insights
Established in July 2004, Laxmi Dental Limited is a comprehensive provider of dental products. The Laxmi Dental IPO opened for subscription on January 13, 2025, and will remain open until January 15, 2025.
Laxmi Dental IPO Day 2 Subscription Status
(January 14, 2025, 11:24 AM DAY 2)
The Laxmi Dental IPO achieved an overall subscription of 8.31 times by 11:24 AM on January 14, 2025 (Day 2). The public issue was subscribed 18.17 times, non-institutional investor (NII) segment at 18.05 times. Within the NII category, bids above ₹10 lakh (bNII) were subscribed 18.19 times, while bids below ₹10 lakh (sNII) saw a subscription of 17.78 times. However, the qualified institutional buyers (QIB) category was only subscribed 0.14 times.
Laxmi Dental IPO Day 1 Subscription Status
(January 13, 2025, End of the Day)
Laxmi Dental IPO had been subscribed 5.27 times. The retail category saw a subscription of 12.39 times, while the non-institutional investor (NII) category was subscribed 10.82 times, with bids from both small and big NII investors. The qualified institutional buyers (QIB) portion was subscribed 0.13 times. Among the NII category, big NII (bNII) received a subscription of 10.55 times, while small NII (sNII) was subscribed 11.36 times.
Laxmi Dental GMP (Grep Market Premium)
According to Live mint, the latest Grey Market Premium (GMP) for the Laxmi Dental IPO stands at ₹142. With an IPO price band set at ₹428, the estimated listing price is anticipated to be ₹570, combining the cap price with the current GMP.
Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.
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.
Utilization of IPO 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. Rest of the amount will be utilized by the company for General Corporate purposes.
Laxmi Dental Limited Business Overview
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, and specialized pediatric dental items.
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.
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