Laxmi Dental IPO allotment is set to be finalised on Thursday, Jan 16 after a notable response from investors. The IPO was oversubscribed 114.42 times, with retail investors subscribing to the IPO by 76.23 times. Meanwhile, QIBs and NIIs subscribed 110.38 times and 147.95 times, respectively.
Investors who made a bid can check the Laxmi Dental IPO allotment status online via the official websites of BSE and NSE and the issue’s registrar Link Intime India Private Ltd. The company will commence refunds for the non-allottees along with the credit of shares into the demat account of successful bidders on January 17. Laxmi Dental shares will be listed on the BSE and NSE on January 20.
The ₹698.06 crore Laxmi Dental IPO is a book-built issue, which is a combination of a fresh issue of ₹138 crore and an offer for sale of ₹560.06 crore. The price band for the IPO was set at ₹407 to ₹428 per share. The minimum lot size for an application is 33. The minimum amount of investment required by retail investors is ₹14,124.
Laxmi Dental Limited, established in July 2004, is a comprehensive dental products company. It specialises in offering a range of products, including custom crowns and bridges, branded dental items like clear aligners and thermoforming sheets, aligner-related solutions, and pediatric dental products. The company’s product range encompasses custom crowns and bridges, clear aligners, thermoforming sheets, pediatric dental products, and more. Under the brand name Taglus, the company provides thermoforming sheets, biocompatible 3D printing resins, and machines for manufacturing clear aligners.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 16, 2025, 8:40 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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