On Monday, Laxmi Dental’s shares made a respectable start on the stock exchanges, listing at a 23% premium on the BSE at ₹528 over the issue price of ₹428. The shares debuted at ₹542 on the NSE, representing a 26.64% premium. In the unlisted market today, shares of Laxmi Dental were trading at a grey market premium (GMP) of ₹145 ahead of its launch, indicating a 34% premium above the issue price.
As investors poured in to bid for the public offering, the ₹698-crore IPO saw record subscription figures.
Laxmi Dental IPO Details
The Laxmi Dental IPO is a Rs 698.06 crore book-built offering. A total of 1.31 crore shares, worth Rs 560.06 crores, are being offered for sale in addition to a new issue of 0.32 crore shares, worth Rs 138.00 crores. Bidding for the Laxmi Dental IPO began on January 13, 2025, and finished on January 15, 2025. Laxmi Dental’s initial public offering (IPO) allocation was concluded on Thursday, January 16, 2025. On January 20, 2025, the shares were listed on the BSE and NSE.
The price range for Laxmi Dental’s IPO is ₹407 to ₹428 per share. Applications must have a minimum lot size of 33. Retail investors are needed to invest a minimum of ₹14,124. For both sNII and bNII, the minimum lot size investment is 15 lots (495 shares), or ₹2,11,860, and 71 lots (2,343 shares), or ₹10,02,804 respectively.
About the Company
Laxmi Dental is a full-service dental goods firm that was founded in July 2004 and specializes in the development, production, and marketing of a wide variety of solutions. Custom crowns and bridges, cutting-edge clear aligners, thermoforming sheets, and pediatric dental items are among its product offerings. The company also offers thermoforming sheets, biocompatible 3D printing resins, and clear aligner production equipment under the Taglus name. Laxmi Dental has established a strong domestic and international presence by exporting its goods to over 90 countries worldwide, thanks to a fully integrated business model that guarantees control over every stage of the process.
