Laxmi Dental, India's leading end-to-end integrated dental products company, has launched its Initial Public Offering (IPO), valued at ₹ 698.05 Crores. The offering includes a Fresh Issue of 32.24 Lakh shares amounting to ₹ 137.99 Crores and an Offer for Sale of 130.85 Lakh shares worth ₹ 560.05 Crores. The IPO opened on January 13, 2025 and closed on January 15, 2025, with the allotment expected to be finalized on January 16, 2025. Shares are expected to be listed on the BSE & NSE on January 20, 2025.

The price band for the Laxmi Dental IPO is set at ₹ 407 to ₹ 428 per equity share. At the upper price of ₹ 428, the company’s market capitalization at the time of listing will be ₹ 2,352.37 Crores. The IPO's lot size is 33 shares, with retail investors needing to invest a minimum of ₹ 14,124. For High Net-Worth Individuals (HNIs), the minimum investment is for 15 lots (495 shares), totaling ₹ 2,11,860.

Subscription & Market Response
As of January 15, 2025, the Laxmi Dental IPO has been subscribed an impressive 114.42 times, indicating strong market demand. The Grey Market Premium (GMP) is pegged at ₹ 100, reflecting a potential listing gain of 24.51% at the upper price band of ₹ 428. This suggests a positive outlook for those looking for listing gains once the shares hit the stock exchanges.

Anchor Investor Participation
Laxmi Dental raised ₹ 314.12 Crores from anchor investors by allocating 73,39,395 shares at the price of ₹ 428. This demonstrates confidence in the company’s growth potential and market positioning.

IPO Allotment and Subscription Status
Investors can check the allotment status for the Laxmi Dental IPO by visiting the registrar’s website once the allotment is finalized on January 16, 2025. Here's a step-by-step guide to check the allotment status:

• Visit the IPO allotment status page.
• Select Laxmi Dental Limited IPO from the dropdown list.
• Enter your application number, PAN, or DP Client ID.
• Submit the details to view the allotment status.

Objectives of the Laxmi Dental IPO
The funds raised from the IPO will be utilized for the following key purposes:

1. ₹ 229.84 Million to repay certain outstanding borrowings.
2. ₹ 46.00 Million for investment in subsidiaries, primarily for borrowings repayment.
3. ₹ 435.07 Million to purchase new machinery and fund capital expenditures.
4. ₹ 250.04 Million to invest in Bizdent Devices Private Limited for capital expenditures.
5. General corporate purposes.

Company Overview
Laxmi Dental has positioned itself as a leader in the dental products industry. Offering custom-made crowns and bridges, as well as clear aligners and paediatric dental products, it is the only end-to-end integrated company in India, as of September 2024. With a focus on innovation and quality, the company has established a strong market presence.

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