
Laxmi Dental Limited’s shares are set to make their debut on the stock exchanges today. According to the grey market premium (GMP), the shares were trading at a premium of ₹145, suggesting a potential listing gain of 34% over the issue price of ₹428.
IPO Subscription Details
The IPO received an overwhelming response, with an overall subscription of 114.42 times. Here’s the segment-wise subscription breakdown:
- Non-Institutional Investors (NII): 147.95 times
- Qualified Institutional Buyers (QIB): 110.38 times
- Retail Investors: 76.24 times
A total of 1,02,63,84,315 equity shares were bid for, compared to the 89,70,371 shares on offer.
IPO Details
- Public Issue Size: ₹698.06 crore
- Fresh Issue: 32 lakh shares (₹138 crore)
- Offer for Sale (OFS): 1.31 crore shares (₹560.06 crore)
- Price Band: ₹407 to ₹428 per share
- Lot Size: 33 shares
About Laxmi Dental Limited
Laxmi Dental is a leading integrated dental products company offering a wide range of items, including:
- Custom crowns and bridges
- Branded dental products such as clear aligners and thermoforming sheets
- Aligner-related products as part of aligner solutions
- Pediatric dental products
Lead Managers and Registrar
The IPO was managed by Nuvama Wealth Management Limited, Motilal Oswal Investment Advisors Limited, and SBI Capital Markets Limited, with Link Intime India Pvt. Ltd as the registrar.
While the GMP suggests a positive debut, it is important to note that grey market premiums are not definitive indicators of actual market performance. Investors should monitor the market closely for real-time developments.