Laxmi Dental IPO Allotment status, GMP, and listing details for January 2025.

Laxmi Dental IPO Allotment Status: Check Exciting Application Updates, Latest GMP & Listing Date for 2025

Laxmi Dental Ltd, a prominent player in the dental products industry, is drawing significant attention as its Laxmi Dental IPO allotment status becomes available. Investors can now check their application status and keep an eye on the latest updates regarding the Grey Market Premium (GMP) and listing date for the much-anticipated IPO.

Laxmi Dental IPO Subscription Overview

The IPO of Laxmi Dental, which was open for subscription between January 13 and January 15, 2025, garnered massive attention. The company offered shares in a price band of ₹407-428 each, with a lot size of 33 shares. In total, the company raised ₹698.06 crore through its public offering, which included a fresh issue of ₹138 crore and Offer-for-Sale (OFS) of up to 1,30,85,476 equity shares.

The issue was oversubscribed by a massive 114.42 times, with the Qualified Institutional Buyers (QIB) portion being subscribed 110.30 times, the Non-Institutional Investors (NII) portion being booked 147.95 times, and the Retail Investors portion oversubscribed 76.24 times.

Laxmi Dental IPO Grey Market Premium (GMP) Update

The Grey Market Premium (GMP) for Laxmi Dental IPO had initially surged to ₹160, signaling strong interest. However, due to recent volatility in the broader markets, the GMP has corrected to approximately ₹125-130. Despite this dip, the GMP still suggests a 30% listing gain for investors who have been allotted shares. As a result, the IPO remains a topic of high interest for retail and institutional investors alike.

Laxmi Dental IPO Allotment Listing Date: When Will the Shares List?

Laxmi Dental shares are expected to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on January 20, 2025. This date is crucial for investors to determine the market reception of the shares post-listing, and they can begin trading the stock based on its performance.

How to Check Laxmi Dental IPO Allotment Status: Step-by-Step Guide

If you participated in the Laxmi Dental IPO, you can check your Laxmi Dental IPO allotment status using the following methods:

1. Checking Allotment Status on BSE Website:

  1. Visit the official BSE IPO Allotment Status Page.
  2. Select Equity under the Issue Type.
  3. Choose Laxmi Dental Limited from the Issue Name dropdown menu.
  4. Enter your Application Number and PAN Card ID.
  5. Verify the captcha to prove you’re not a robot.
  6. Hit Search to view your Laxmi Dental IPO allotment status.

2. Checking Allotment Status on Link Intime India Website:

  1. Go to the Link Intime India IPO Allotment Page.
  2. From the dropdown, select Laxmi Dental Limited (Once allotment is finalized, the name will appear).
  3. Choose your allotment mode (Application Number, Demat Account Number, or PAN ID).
  4. Enter your relevant details.
  5. Complete the captcha verification and hit Submit to check your Laxmi Dental IPO allotment status.

What is the Grey Market Premium (GMP) and Why Does it Matter?

The Grey Market Premium (GMP) is the unofficial premium at which shares of an IPO are traded before their official listing. A high GMP typically indicates strong market sentiment and investor confidence in the IPO. Although GMP fluctuates based on market conditions, it can give investors an early indication of the likely listing price and potential returns.

For the Laxmi Dental IPO Allotment, the current GMP of ₹125-130 suggests that shares may list at a 30% premium above the IPO issue price, which is favorable for investors who have been allotted shares.

Laxmi Dental’s Business Overview

Laxmi Dental, founded in 2004, is a key player in the manufacturing of dental products. The company offers a wide range of custom crowns, bridges, branded dental items, and clear aligners. Laxmi Dental is well-known for its innovative products and solutions in the dental space, including pediatric dental products and aligner solutions. With this IPO, Laxmi Dental is set to enhance its market presence and expand its product portfolio.

Laxmi Dental IPO Key Facts:

  • IPO Price Band: ₹407-428 per share
  • Lot Size: 33 shares
  • Total IPO Raised: ₹698.06 crore
  • Grey Market Premium (GMP): ₹125-130
  • Listing Date: January 20, 2025 (BSE and NSE)
  • Subscription Oversubscription: 114.42 times
  • Lead Managers: Motilal Oswal, Nuvama Wealth Management, SBI Capital Markets
  • Registrar: Link Intime India

Conclusion: What Investors Should Expect

The response to the Laxmi Dental IPO has been overwhelmingly positive, and investors are eagerly awaiting the allotment status and listing date. With a GMP indicating a 30% listing gain, many retail and institutional investors are hoping for strong post-IPO performance. As Laxmi Dental enters the public market, it’s set to benefit from the strong demand for dental products and a robust order book pipeline.

Investors should stay updated on the Laxmi Dental IPO allotment status and be prepared for the stock’s listing on January 20, 2025. Whether you’re a new investor or a seasoned one, this IPO presents a potentially lucrative opportunity if you’ve been allotted shares.


Key Takeaways:

  • Laxmi Dental IPO raised ₹698.06 crore with a strong investor response.
  • GMP has corrected to ₹125-130 but still indicates a 30% listing gain.
  • Listing Date: January 20, 2025 – Shares to list on BSE and NSE.
  • Check Laxmi Dental IPO Allotment Status through BSE or Link Intime India website.

Stay connected for the latest updates on Laxmi Dental IPO performance and market debut.

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