Laxmi Dental, an integrated dental product company incorporated in July 2004, has launched its IPO to collect ₹698.06 crore. Its IPO has become a chatterbox among investors and media channels regarding its performance. So, let’s find out the details of the IPO, like important dates, price, GMP, Subscription, and Reservation. Experts analysis: Should you subscribe or not?
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Laxmi Dental IPO detail.
Laxmi Dental opened its IPO today Monday, December 13, 2025, to collect an amount of ₹698.06 Cr from the public. It will end the bidding after 2 days of opening on Wednesday, January 15, 2025. It costs around between ₹407 to ₹428 per share and 33 Shares are put in one lot.
Retail investors can bid a min of 1 lot and a max of 14 lots, so they will require a minimum investment amount of ₹14,124 and a max of ₹1,97,736 to participate in this IPO, while S-NHI will need to have a minimum amount of ₹2,11,860 and a max of ₹9,88,680.
This issue is book built issue where it offers a fresh issue of 32,24,299 shares aggregation up to ₹138.00 Cr, and an offer for sale of 1,30,85,467 shares aggregating up to ₹560.06 Cr, which calculates an overall 1,63,09,766 shares with a value of ₹698.06 Cr.
Laxmi Dental has offered 1,63,09,766 shares for this particular IPO, where it has reserved 16,30,976 (10%) shares to Retail Investors, 48,92,931 (30%) shares to QIB, 24,46,464 (15%) shares to NII, and almost 73,39,395 (45%) shares to Anchor investors.
The basis of allotment is dated Thursday, January 16, 2025, and on Friday, January 17, 2025, unallocated will be refunded. Those who have been selected in this IPO will be credited the shares in their demat account on Friday, January 17, 2025. Eventually, this IPO will be listed on Monday, January 20, 2025, on the exchanges like BSE and NSE.
Laxmi Dental IPO GMP.
Laxmi Dental IPO is in demand because it has achieved an incredible GMP on day one of the IPO. As of last updated on January 13th, 2025 07:02 PM, Laxmi Dental’s IPO GMP is ₹142. It has seen a 33.18% high in the GMP on the first day of the IPO.
Including its issue price of ₹428 and its ₹142 GMP, Laxmi Dental IPO is estimated to list at ₹570 price point.
Subscription status.
Laxmi Dental IPO has been subscribed to 5.33 times on the first day of the IPO, where retail category investors have subscribed to a total of 12.61 times, Qualified Institutional Buyers (QIBs) to a total of 0.13 times, and Non-Institutional Investors (NIIs) to 10.89 times by January 13, 2025, 6:54:08 PM (Day 1). Share Subscription.
This subscription and incredibly high grey market market premium is reporting a powerful IPO for Laxmi Dental IPO. Let’s find out what experts are recommending about this IPO.
Expert Analysis: Should you subscribe?
According to a Business Today report, “Researcher Anand Rathi has rated ‘Subscribe for the long term‘ for this IPO, Nirmala Bang Securities has recommended or rated a ‘Subscribe‘, Arihant Capital Markets has given a ‘Subscribe for listing gain‘ rating for Lxmi Dental Ltd. IPO, KR Choksey Finserv given a rating of ‘Neutral‘, Stox Box ‘Subscribe‘ rating, Canara Bank Securities rating of ‘Subscribe‘, and Mehta Equities ratings of ‘Subscribe for the long term‘ for this ongoing IPO.”
Disclaimer: Biznet Duniya is just playing a role in representing data from different analysts in front of you, it’s your responsibility to conduct your research before investing in any IPO.
Lakshmi Dental Limited: A brief description.
Laxmi Dental Limited was founded in July 2004 by Mr. Rajesh Khakhar, which is an integrated dental products company. The company offers custom crowns and bridges, branded dental items like clear aligners and thermoforming sheets, aligner-related products as part of its aligner solutions, and pediatric dental products. Its diverse portfolio includes custom crowns and bridges, clear aligners, thermoforming sheets, pediatric dental products, and more.
It has purposely launched this IPO to raise money to repay and prepay the massive borrowings availed by the company, investments in certain subsidiary companies’ repayment, and prepayment to the borrowings. Moreover, to fund capital expenditure required for purchasing new machinery and general corporate purposes.
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