The eagerly awaited Laxmi Dental IPO allotment is in focus as investors look forward to the finalization of shares. Laxmi Dental Ltd, an integrated dental products company, concluded its public offering on January 15, 2025, receiving an overwhelming response from investors. The company is expected to finalize the allotment of shares soon, with allotment status accessible through BSE, NSE, and the IPO registrar, Link Intime India Private Ltd.
Laxmi Dental IPO Overview
The Laxmi Dental IPO was open for public subscription between January 13 and January 15, 2025, offering a combination of fresh equity shares and an offer for sale. The IPO was priced at a band of ₹407 to ₹428 per share, raising a total of ₹698.06 crore.
- Fresh Issue: 32.24 lakh equity shares worth ₹138 crore
- Offer for Sale (OFS): 1.31 crore shares worth ₹560.06 crore
The IPO was oversubscribed, garnering a total subscription of 114.42 times.
Key Subscription Highlights
- Retail Investors: Subscribed 76.24 times
- Non-Institutional Investors (NII): Subscribed 147.95 times
- Qualified Institutional Buyers (QIBs): Subscribed 110.38 times
Laxmi Dental IPO GMP Trends
As of today, the Grey Market Premium (GMP) for Laxmi Dental shares is ₹127 per share. This indicates a bullish sentiment among investors, with shares trading at a 29% premium over the IPO issue price of ₹428. Based on the GMP, the estimated listing price for Laxmi Dental shares could be approximately ₹555 per share.
Laxmi Dental IPO Important Dates
- Allotment Date: Likely on January 16, 2025
- Refund Initiation Date: January 17, 2025
- Shares Credited to Demat Accounts: January 18, 2025
- Listing Date: Scheduled for January 20, 2025 on BSE and NSE
Steps to Check Laxmi Dental IPO Allotment Status
Investors can check their allotment status through the official portals of BSE, NSE, and the IPO registrar Link Intime. Follow these steps to verify your allotment status:
Check Allotment Status via BSE
- Visit the BSE website: BSE IPO Allotment.
- Select ‘Equity’ as the Issue Type.
- Choose ‘Laxmi Dental Limited’ in the Issue Name dropdown.
- Enter your Application Number or PAN.
- Complete the CAPTCHA verification and click ‘Search’.
- Your allotment status will be displayed.
Check Allotment Status via Link Intime
- Visit the Link Intime website: Link Intime IPO Allotment.
- Choose ‘Laxmi Dental Limited’ in the Select Company dropdown.
- Select from options such as PAN, Application Number, or DP ID/Account Number.
- Enter the required details based on your selection.
- Click ‘Search’ to view your allotment status.
Laxmi Dental IPO Purpose and Financials
Laxmi Dental plans to use the proceeds from the IPO to:
- Meet Incremental Working Capital Requirements: Ensuring smooth operations as the company scales.
- Fund Capital Expenditures: Investments in new facilities, particularly for advanced dental and medical technologies.
- Support Corporate Initiatives: Financing general corporate purposes.
Financial Performance (FY 2024):
- Revenue from Operations: ₹523 crore
- EBITDA: ₹120 crore
- Profit After Tax (PAT): ₹75 crore
FAQs
What is the allotment date for Laxmi Dental IPO?
The Laxmi Dental IPO allotment is expected to be finalized on January 16, 2025.
How can I check my IPO allotment status?
You can check the status online through BSE, NSE, or the registrar Link Intime by entering your application details.
What is the GMP for Laxmi Dental IPO today?
The current GMP is ₹127 per share, suggesting a 29% premium over the IPO price.
When will the shares be listed?
The shares are scheduled to be listed on BSE and NSE on January 20, 2025.
What is the expected listing price for Laxmi Dental shares?
Based on the GMP, the shares are expected to list at approximately ₹555 per share.
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