Laxmi Dental Limited IPO GMP

Laxmi Dental is India’s only end-to-end integrated dental products company as at September, 2024. Their offerings include custom-made crowns and bridges, branded dental products such as clear aligners, thermoforming sheets and aligner related products as a part of aligner solutions, and paediatric dental products.

Laxmi Dental, an Book Built Issue amounting to ₹ 698.05 Crores, consisting an Fresh Issue of 32.24 Lakh Shares worth ₹ 137.99 Crores and an Offer for Sale of 130.85 Lakh Shares totaling to ₹ 560.05 Crores. The subscription period for the Laxmi Dental IPO opens on January 13, 2025, and closes on January 15, 2025. The allotment is expected to be finalized on or about Thursday, January 16, 2025, and the shares will be listed on the BSE & NSE with a tentative listing date set on or about Monday, January 20, 2025.

The Share price band of Laxmi Dental IPO is set at ₹ 407 to ₹ 428 per equity share. The Market Capitalisation of the Laxmi Dental Limited at IPO price of ₹ 428 per equity share will be ₹ 2,352.37 Crores. The lot size of the IPO is 33 shares. Retail investors are required to invest a minimum of ₹ 14,124, while the minimum investment for High-Net-Worth Individuals (HNIs) is 15 lots (495 shares), amounting to ₹ 2,11,860.

NUVAMA WEALTH MANAGEMENT LIMITED, MOTILAL OSWAL INVESTMENT ADVISORS LIMITED and SBI CAPITAL MARKETS LIMITED are the book running lead manager of the Laxmi Dental IPO, while MUFG INTIME INDIA PRIVATE LIMTIED (FORMERLY KNOWN AS LINK INTIME INDIA PRIVATE LIMITED) is the registrar for the issue. 

Laxmi Dental Limited IPO GMP Today
The Grey Market Premium of Laxmi Dental Limited IPO is expected to be ₹ 100 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Laxmi Dental Limited Day Wise IPO GMP Trend

Laxmi Dental Limited IPO Live Subscription Status Today: Real-Time Update
As of 07:00 PM on 15th January, 2025, the Laxmi Dental IPO live subscription status shows that the IPO subscribed 114.42 times on its Final day of subscription period. Check the Laxmi Dental IPO Live Subscription Status Today at BSE.

Laxmi Dental IPO Anchor Investors Report
Laxmi Dental has raised ₹ 314.12 Crores from Anchor Investors at a price of ₹ 428 per shares in consultation of the Book Running Lead Managers. The company allocated 73,39,395 equity shares to the Anchor Investors. Check Full List of Laxmi Dental Anchor Investor List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion

Laxmi Dental Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Laxmi Dental IPO allotment date is 16 January, 2025, Thursday. Laxmi Dental IPO Allotment will be out on 16th January, 2025 and will be live on Registrar Website from the allotment date. Check Laxmi Dental IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Laxmi Dental Limited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Laxmi Dental Limited IPO
Laxmi Dental proposes to utilise the Net Proceeds towards the following objects: 
1. ₹ 229.84 Million is required for Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company.
2. ₹ 46.00 Million is required for Investment in certain Subsidiaries for the repayment/prepayment, in full or in part, of certain outstanding borrowings.
3. ₹ 435.07 Million is required for Funding the capital expenditure requirements for purchase of new machinery for the Company. 
4. ₹ 250.04 Million is required for Investment in their Subsidiary, Bizdent Devices Private Limited, for the capital expenditure requirements for the purchase of new machinery. 
5. General corporate purposes.

Refer to Laxmi Dental Limited RHP for more details about the Company.