Laxmi Dental IPO, one of the mainboard public issues in January 2025, is catching the attention of investors with its Rs 698.06 crore offer. The IPO opened its bidding window on January 13 and will conclude today, January 15. On day 3 of bidding today, Laxmi Dental IPO has garnered significant attention in the grey market, with shares trading at a premium. However, it is important to note that this is not the actual listing price and may fluctuate depending on market sentiment.
Laxmi Dental IPO: GMP
On its final day of bidding, Laxmi Dental shares are making waves in the grey market. As per the latest update, the company’s shares are trading at a premium of Rs 142, indicating an estimated listing price of Rs 570 per share, which is 33.18% higher than the issue’s upper price band of Rs 428 per share.
Laxmi Dental IPO: Subscription number
So far, on the third day of bidding, the issue has been subscribed 26.84 times in total, with the retail portion subscribed 43.43 times, the QIB category subscribed 0.97 times, and the NII portion subscribed 67.54 times.
Also Read: Capital Infra Trust InVIT IPO: Check GMP, allotment status, and key details ahead of listing
“The company ranks among the top two dental laboratories in India by revenue and is the leading exporter of dental products. We believe that going forward company’s growth factor could be driven by trends such as the changing regulatory requirements in the medical devices sector helps transition from unorganized to organized players, increasing awareness and demand for dental aesthetics, and the growing preference for metalfree dental products. Hence considering all parameters, we recommend the issue can be consider as “SUBSCRIBE for LONG TERM”,” said Anand Rathi research in an IPO note.
Laxmi Dental IPO: Key highlights
The Laxmi Dental IPO consists of a fresh issue of 0.32 crore shares worth Rs 138 crore and an offer for sale of 1.31 crore shares amounting to Rs 560.06 crore, with a price band of Rs 407 to Rs 428 per share.
Laxmi Dental IPO: Allotment and listing
The allotment of shares after its bidding completion is expected to be finalised by January 16, with the tentative listing date set for January 20, on both the BSE and NSE.
» Read More
