Laxmi Dental IPO Day 3 Live Updates: Key Highlights, GMP, Subscription Status, and Insights

Laxmi Dental GMP (Grep Market Premium)

As per Live Mint, the Grey Market Premium (GMP) for the Laxmi Dental IPO stood at ₹142. With a price band set at ₹428, this suggests an estimated listing price of ₹570, combining the cap price with the current GMP with a gain of 33.18%. 

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

Laxmi Dental IPO Details

The Laxmi Dental IPO, a book-built issue amounting to ₹698.06 crores, includes a fresh issue of 0.32 crore shares worth ₹138.00 crores and an offer for sale (OFS) of 1.31 crore shares aggregating to ₹560.06 crores. The IPO is open for subscription from January 13 to January 15, 2025, with allotment finalization set for January 16 and listing scheduled for January 20 on both BSE and NSE. The price band for the issue is ₹407 to ₹428 per share, with a minimum application lot size of 33 shares, requiring a retail investment of ₹14,124. For non-institutional investors (NII), small NIIs can invest in 15 lots (495 shares), amounting to ₹2,11,860, while big NIIs may opt for 71 lots (2,343 shares) totalling ₹10,02,804.

Also Read : Laxmi Dental IPO Day 1 Subscription Status,Laxmi Dental IPO Day 2 Subscription Status

Utilization of IPO Proceeds

The proceeds from the fresh issue will be allocated to:

• Debt Reduction: Repay or prepay certain outstanding borrowings for the company and its subsidiaries to enhance financial stability.
• Capital Investments: Fund capital expenditure, including the purchase of new machinery for the company and its subsidiary, Bizdent Devices Private Limited, to boost operational capacity.
• Corporate Growth: Support general corporate purposes to maintain financial flexibility and drive growth initiatives effectively.

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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