Laxmi Dental IPO: Key Highlights and Insights The Laxmi Dental IPO has garnered significant attention as it closes today, January 15, 2025. Here’s a comprehensive overview of the subscription status, Grey Market Premium (GMP), and the anticipated listing date.
Subscription Status
As of today, the Laxmi Dental IPO has been oversubscribed 26.84 times overall. The breakdown of subscriptions is as follows:-
- Retail Individual Investors (RIIs): Oversubscribed 43.43 times
- Non-Institutional Investors (NIIs): Oversubscribed 67.54 times
- Qualified Institutional Buyers (QIBs): Subscribed 0.97 times
This strong demand reflects investor confidence in Laxmi Dental’s business model and market potential, particularly in the dental products sector, where it ranks among the top two laboratories in India by revenue.Grey Market Premium (GMP)
The Grey Market Premium for the Laxmi Dental IPO stands at ₹142 suggesting an estimated listing price of around ₹570 per share. This figure represents a premium of approximately 33.18% over the upper end of the IPO price band, which is set between ₹407 and ₹428 , per share. The positive GMP indicates robust market sentiment and investor anticipation ahead of the listing.
Listing Date
The shares of Laxmi Dental are expected to be listed on both the BSE and NSE on January 20, 2025. Following the closure of subscriptions today, the basis of allotment will be finalized tomorrow, January 16, 2025, with successful allottees receiving their shares in demat accounts by January 17, 2025.
Summary
The Laxmi Dental IPO has successfully attracted significant interest from various investor categories, highlighted by its impressive subscription rates and positive GMP. As it approaches its listing date, many investors are keenly awaiting the performance of Laxmi Dental shares on the stock exchanges. With a strong foundation in dental products and a growing market presence, Laxmi Dental is poised for a promising debut in the public market.
This IPO not only reflects investor enthusiasm but also signifies a shift towards organized players in the dental sector as regulatory frameworks evolve and consumer preferences change towards more aesthetic dental solutions.
