The public offering of Laxmi Dental Limited, a well-known dental solutions provider in India, began today, January 13, 2025, and will remain open for bidding until January 15, 2025. The IPO is proposed to be listed on the BSE and NSE, providing investors an opportunity to own a part of the company.
Key Details About Laxmi Dental IPO
- Price Band: The company has set the price range for the IPO at ₹407 to ₹428 per share.
- Issue Size: The total size of the IPO is ₹698 crore, with ₹138 crore from fresh share issuance and ₹560 crore through the Offer for Sale (OFS) route.
- Lot Size: Investors can bid for a minimum of 33 shares and in multiples of 33 thereafter.
Before the IPO officially opened, Laxmi Dental shares were trading at a premium of ₹161 in the grey market. This reflects the demand for the company’s shares in the unofficial market and is often seen as an early indicator of market interest.
Subscription Status
The IPO received strong interest from retail investors, with the retail portion subscribed 2.60 times, while the Non-Institutional Investors (NII) segment was subscribed 0.99 times.
Important Dates to Remember
- Subscription Period: The IPO is open from January 13 to January 15, 2025.
- Allotment Date: The expected date for share allotment is January 16, 2025.
- Listing Date: The company’s shares are likely to list on the stock exchanges on January 20, 2025.
The Laxmi Dental IPO is creating excitement in the market, especially among retail investors. With a clear price band and a strong grey market premium, it has gained significant attention. However, investors should make their decisions based on their risk appetite and long-term financial goals.
This IPO could be a promising opportunity, but like all investments, careful research is key.
