Laxmi Dental IPO is a book-built issue totaling ₹698.06 crores, consisting of a fresh issue of 0.32 crore shares aggregating to ₹138.00 crores and an offer for sale of 1.31 crore shares amounting to ₹560.06 crores.
The subscription window for the Laxmi Dental IPO opens on January 13, 2025, and closes on January 15, 2025. The allotment of shares is expected to be finalized on Thursday, January 16, 2025. The IPO is set to list on both BSE and NSE, with a tentative listing date scheduled for Monday, January 20, 2025.
Laxmi Dental Limited operates in the dental care sector. They offer a comprehensive portfolio of dental products, including custom-made crowns and bridges, clear aligners, thermoforming sheets, and pediatric dental products. They are known for being one of the largest players in the highly unorganized dental products market in India.
The IPO price band is set between ₹407 and ₹428 per share, with a minimum application lot size of 33 shares. Retail investors are required to invest a minimum of ₹14,124. Small non-institutional investors (sNII) must apply for at least 15 lots (495 shares), totaling ₹2,11,860, while large non-institutional investors (bNII) need to apply for at least 71 lots (2,343 shares), amounting to ₹10,02,804.
Nuvama Wealth Management Limited, Motilal Oswal Investment Advisors Limited, and SBI Capital Markets Limited are the book-running lead managers for the Laxmi Dental IPO, while Link Intime India Private Ltd serves as the registrar for the issue.
Laxmi Dental IPO Details:
| Company Name | Laxmi Dental Limited |
| Sector | Dental Care |
| IPO Type | Mainbaord |
| IPO Open date | 13th Jan 2025 |
| IPO Close date | 15th Jan 2025 |
| Listing Exchanges | NSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Laxmi Dental IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 33 | 14,124 |
| sHNI (Min) | 15 | 495 | 2,11,860 |
| bHNI (Min) | 71 | 2343 | 10,08,804 |
Laxmi Dental IPO Timeline:
| IPO Open Date | 13th Jan 2025 |
| IPO Close Date | 15th Jan 2025 |
| Basis of Allotment | 16th Jan 2025 |
| Refund Initiation Date | 17th Jan 2025 |
| Shares Credit to Demat | 17th Jan 2025 |
| Listing Date | 20th Jan 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review Laxmi Dental’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Dental Care Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Laxmi Dental and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
