Laxmi Dental IPO opened for subscription on January 13, 2025, and closed on January 15, 2025.
It was a book-built issue of ₹698.06 crore. The issue was a combination of a fresh issue of 0.32 crore shares aggregating to ₹138.00 crores and an offer for sale of 1.31 crore shares aggregating to ₹560.06 crores. The Laxmi Dental IPO price band was set at ₹407 to ₹428 per share.
On Day 3 of subscription, January 15, as of 6:19 PM, Laxmi Dental IPO was subscribed 114.14 times. QIBs subscribed 110.38x, NIIs subscribed 147.69x, and retail investors subscribed 75.1x.
The share allotment was finalised on January 16, 2025, and the shares were listed on BSE and NSE on January 20, 2025.
On the listing day, on the NSE, Laxmi Dental share price opened at ₹542.00, up from its issue price of ₹428.00. At 10:16 AM, the share price was trading at ₹539.70, down by 0.42% from its opening price of ₹542.00. As of the same time, the stock touched its day’s high at ₹553.90. The company’s market cap was ₹2,966.31 crore.
On the BSE, at 10:18 AM, Laxmi Dental share price was trading at ₹543.20, up by 2.88% from its opening price of ₹528.00 and 26.92% up from its issue price of ₹428.00.
Laxmi Dental is a fully integrated dental products provider, offering a diverse range of solutions. Its portfolio includes custom-made crowns and bridges, branded dental products such as clear aligners, thermoforming sheets, and aligner-related accessories as part of its aligner solutions, along with pediatric dental products. The company has over 20 years of industry experience.
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 the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 20, 2025, 10:25 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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