Allotment of shares forLaxmi Dental IPO (initial public offering) will be finalised on Thursday after the public lifting received huge subscription numbers and was bid over 100 times.
Laxmi Dental IPO opened for subscription on January 13, 2025 aiming to raise Rs 698.06 crore through a fresh issue of 32 lakh shares and an offer for sale of 1.31 crore shares.
Investors showed massive interest in Laxmi Dental IPO, getting bids for 114 times more shares than what was on offer. The IPO closed on January 15, 2025.
Small investors (retail buyers) were quite keen, bidding for 75 times the shares set aside for them. The big players who showed even more enthusiasm, as qualified institutional buyers (QIBs) bid for 110 times their portion, while wealthy individual investors (NIIs) went even further, bidding for nearly 148 times the shares kept for them.
HOW TO CHECK ALLOTMENT STATUS
Investors who have bid for the IPO can check their allotment through the websites of Bombay Stock Exchange (BSE) and Link Intime India Private Ltd, the registrar for the issue.
If youve applied for the Laxmi Dental IPO, you can check your allotment status online in a few simple steps:
STEPS TO CHECK ALLOTMENT THROUGH THE BSE WEBSITE
Go to the BSE websiteby clicking here.
Click on ‘Equity’.
Choose ‘Laxmi Dental Limited’from the list.
Put in your application number and PAN card ID.
Confirm that you’re not a robot and submit.
STEPS TO CHECK ALLOTMENT THROUGH LINK INTIME LIMITED
Visit theLink Intime India Private Ltdwebsite.
Select ‘Laxmi Dental Limited’.
Choose the Application Number/Demat Account/PAN option and enter the details.
Enter the Captcha.
Click on the ‘SUBMIT’ option.
LATEST GMP FOR LAXMI DENTAL IPO
The Grey Market Premium (GMP) for Laxmi Dental IPO stood at Rs 126as of January 10, 2025, at 5:04 AM.
With its price band capped at Rs 428, the projected listing price is estimated to be around Rs 554, which represents a potential gain of 65.52% per share based on the current GMP.
The price band for the IPO was set between Rs 407 and Rs 428 per share. Retail investors were required to apply for a minimum of 33 shares, translating to an initial investment of Rs 14,124.
Laxmi Dental IPO raised Rs 314.13 crore from anchor investors ahead of opening for subscription.
Laxmi Dental IPO is expected to be listed on both the BSE and NSE, with the tentative listing date scheduled for Monday, January 20, 2025.