Laxmi Dental Limited made an impressive market debut today, listing at ₹542, reflecting a 26.64% premium over its IPO price of ₹428. The listing brought significant gains for both retail and HNI investors:
- Retail Listing Gain: ₹3,762 per lot (33 shares)
- HNI Listing Gain: ₹56,430 per lot (495 shares)
IPO Subscription Details:
The IPO received an overwhelming response, with an overall subscription of 114.42 times. Segment-wise subscription highlights include:
- 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, against the offer size of 89,70,371 shares.
IPO Details:
- Public Issue Size: ₹698.06 crore
- Fresh Issue: 32 lakh shares worth ₹138 crore
- Offer for Sale (OFS): 1.31 crore shares valued at ₹560.06 crore
- Price Band: ₹407 to ₹428 per share
- Lot Size:
- Retail: 33 shares
- HNI: 495 shares
About Laxmi Dental Limited:
Laxmi Dental is an integrated dental products company with a diversified portfolio, offering:
- Custom crowns and bridges
- Branded dental products, including clear aligners and thermoforming sheets
- Aligner-related products as part of its 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.
TOPICS:
Laxmi Dental