The much-awaited Laxmi Dental IPO allotment is expected to be finalized today, January 16, 2025. Investors who participated in this IPO are now eager to know the status of their share allotment. Here’s a guide on everything you need to know.
Strong Demand for Laxmi Dental IPO
The Laxmi Dental IPO, which opened for public subscription from January 13 to January 15, saw a massive response from investors. The IPO was oversubscribed by 114.42 times, highlighting strong demand for the company’s shares.
- Retail Investor Category: Subscribed 76.24 times
- Non-Institutional Investors (NII): Subscribed 147.95 times
- Qualified Institutional Buyers (QIBs): Subscribed 110.38 times
This high subscription reflects the trust and confidence investors have in Laxmi Dental Ltd., a company specializing in integrated dental products.
The Grey Market Premium (GMP) for Laxmi Dental shares is currently at ₹127 per share, indicating a strong market sentiment. Based on this GMP, the shares are expected to list at around ₹555, which is a premium of 29% above the issue price of ₹428 per share.
Steps to Check Laxmi Dental IPO Allotment Status
Investors can easily check their IPO allotment status online through the following platforms:
1. BSE Website
- Go to the official BSE website: https://www.bseindia.com/investors/appli_check.aspx
- Select ‘Equity’ under the Issue Type.
- Choose ‘Laxmi Dental Limited’ from the dropdown menu.
- Enter your Application Number or PAN Number.
- Verify using the ‘I am not a robot’ option and click Search.
Your IPO allocation details will be shown on the screen.
2. Link Intime Registrar’s Website
- Visit the registrar’s website: https://linkintime.co.in/initial_offer/public-issues.html
- Select ‘Laxmi Dental Limited’ from the dropdown.
- Enter your details such as PAN, Application Number, or DP ID/Account Number.
- Click Search to view your allotment status.
Next Steps for Investors
Once the allotment is finalized:
- The shares will be deposited into the demat accounts of the selected applicants.
- Refunds for unsuccessful applicants will be initiated on the same day.
Laxmi Dental IPO Listing Date
The shares of Laxmi Dental Ltd. are set to list on both the BSE and NSE on January 20, 2025. Investors are optimistic about the listing day performance due to the strong GMP and high subscription numbers.
Laxmi Dental IPO has generated significant interest, and today’s allotment finalization will determine the shares allocated to investors. With a strong GMP and high demand, the company’s shares are expected to perform well upon listing. Stay tuned for updates and check your allotment status using the steps mentioned above.
