SOURCE : NEW18 NEWS
Last Updated:January 16, 2025, 17:37 IST
Laxmi Dental IPO Allotment Today: Unlisted shares of Laxmi Dental Ltd are currently trading at Rs 554 per share in the grey market, which is 29.44 per cent higher than the IPO upper price.
Laxmi Dental IPO.
Laxmi Dental IPO Allotment Status: The allotment of the Laxmi Dental IPO will be finalised on Thursday, in the evening. Once allotment is finalised, investors will receive bank debit messages. They can also check the IPO allotment status on the websites of the BSE and NSE, as well as on registrar Link Intime India Pvt Ltd’s portal. The latest GMP currently stands at 29.44 per cent, signalling a strong listing gain for investors.
The Laxmi Dental IPO listing will take place on Monday, January 20.
related stories
The initial public offering of Laxmi Dental Ltd, which was opened on between January 13 and January 15, received a whopping 114.14 times subscription. The retail category received a 75.1 times subscription in total, the NII (non-institutional investors) portion got 147.69 times subscription. Its QIB (qualified institutional buyer) category has been subscribed by 110.38 times.
The price band of the IPO was fixed at Rs 407 to Rs 428 apiece.
The shares of Laxmi Dental Ltd are scheduled to be listed on both BSE and NSE on January 20, Monday.
Investors can also check the IPO allotment status on the websites of BSE and NSE, as well as on registrar Link Intime’s portal.
Laxmi Dental IPO: How To Check Allotment Status Online?
The IPO allotment status can be checked online by following these steps:
1) Go to the official BSE website via the URL —https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Under ‘Issue Name’, select ‘Laxmi Dental Ltd’ in the dropbox.
4) Enter your application number, or the Permanent Account Number (PAN).
5) Then, click on the ‘I am not a robot’ to verify yourself and hit ‘Search’ option.
Your share application status will appear on your screen.
You can also visit direct Link Intime’s portal — https://www.linkintime.co.in/Initial_Offer/public-issues.html and check the Laxmi Dental IPO allotment status.
Laxmi Dental IPO GMP Today
According to market observers, unlisted shares of Laxmi Dental Ltd are currently trading at Rs 554 per share in the grey market, which is Rs 126 or 29.44 per cent higher than the IPO issue price of Rs 215. It indicates a strong listing on January 20.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Laxmi Dental IPO: More Details
The IPO is a combination of a fresh issue of equity shares for up to Rs 138 crore and an OFS of up to 1.31 crore equity shares worth Rs 560 crore by promoters — Rajesh Vrajlal Khakhar and Sameer Kamlesh Merchant, and other shareholders, according to the Red Herring Prospectus (RHP).
Under the OFS, investor OrbiMed Asia II Mauritius Ltd will also offload shares of the leading B2C dental aligner company Laxmi Dental. The promoters and promoter group owned a 46.56 per cent stake in the company, while public shareholders held a 53.44 per cent holding.
As per the RHP, the net proceeds from the fresh issue will be utilised for repayment of debt, funding of capital expenditure requirements, investment in its subsidiary Bizdent Devices Pvt Ltd and general corporate purposes.
Laxmi Dental, an end-to-end integrated dental products company, has a comprehensive portfolio that includes custom-made crowns and bridges, branded dental products like aligner solutions and paediatric dental products.
