New Delhi: The Laxmi Dental IPO allotment is expected on January 16, 2025. The initial public offer, which closed for subscription on Wednesday, received 113.97 times subscription. The NSE data revealed that the IPO fetched bids for 1,02,23,24,391 shares against 89,70,371 shares on offer.
The non-institutional investors category garnered 147.51 times subscription, the Qualified Institutional Buyers (QIBs) portion fetched 110.38 times subscription and the Retail Individual Investors (RIIs) part received 74.41 times subscription.
Check Laxmi Dental IPO allotment status can be checked on websites of BSE, NSE and Link Intime India:
- https://www.bseindia.com/investors/appli_check.aspx
- https://linkintime.co.in/initial_offer/public-issues.html
- https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
The Laxmi Dental IPO is backed by OrbiMed-backed. It collected more than Rs 314 crore from anchor investors. The issue has a price band of Rs 407-428 per share.
Laxmi Dental IPO GMP, allotment, listing dates
The Refunds process is expected to begin on January 17
The shares are likely to be credited to the demat accounts of eligible shareholders on 17th January.
The shares will list on BSE and NSE tentatively on January 20.
Laxmi Dental IPO GMP stood at Rs 126 on January 16 morning. With the price band of Rs 428, the shares are predicted to list at Rs 554 per equity share, which indicates a gain of around 29 per cent, investorgain reported.
Laxmi Dental IPO is a book built issue of Rs 698.06 crore – 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. The Red Herring Prospectus (RHP) mentioned that promoters Rajesh Vrajlal Khakhar and Sameer Kamlesh Merchant have offered to offlaid their shares.
The company mentioned that proceeds from the initial pubic offer will be utilised for investment in its subsidiary Bizdent Devices Pvt Ltd, repayment of debt, funding of capital expenditure requirements, and general corporate purposes.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
The Laxmi Dental IPO allotment is likely to take place on January 16, 2025. The GMP stood at around 29 per cent. The shares of the company are expected to list on January 20. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
