Latest Grey Market Premium (GMP)
As of January 16, 2025, Laxmi Dental’s shares are trading at a grey market premium (GMP) of approximately ₹127 over the issue price of ₹428 per share. This suggests a potential listing price around ₹555, indicating a 29% premium. However, it’s important to note that GMP figures are speculative and may not accurately predict actual market performance.
IPO Details and Listing Date
Laxmi Dental’s IPO, which was open for subscription from January 13 to 15, 2025, received an overwhelming response with an oversubscription rate of 114.42 times. The shares are slated to be listed on both BSE and NSE on January 20, 2025. The IPO comprised a fresh issue of 32.24 lakh equity shares totaling ₹138 crore and an offer for sale of 1.31 crore shares amounting to ₹560.06 crore, aggregating to ₹698.06 crore. The price band was set between ₹407 and ₹428 per share.
Subscription Breakdown
- Retail Individual Investors (RIIs): Subscribed 76.24 times.
- Non-Institutional Investors (NIIs): Subscribed 147.95 times.
- Qualified Institutional Buyers (QIBs): Subscribed 110.38 times.
This robust subscription indicates strong investor confidence in Laxmi Dental’s market prospects.
About Laxmi Dental
Established in July 2004, Laxmi Dental is a comprehensive dental products company offering a wide range of items, including custom crowns, bridges, clear aligners, and pediatric dental products. The company boasts a fully integrated model encompassing design, manufacturing, and distribution, with a significant presence in both domestic and international markets, exporting to over 90 countries.
Conclusion
With a strong GMP and significant oversubscription, Laxmi Dental is set to make an impactful debut on the stock market. Investors are advised to stay updated on official announcements and consult financial advisors for personalized investment strategies.
