Laxmi Dental Limited IPO
Laxmi Dental Limited was a mainboard IPO in the Medical Equipment & Supplies sector, offered at ₹407–₹428 per share to raise ₹698 crore. The issue was subscribed 114.42× overall (QIBs 110.38×, NIIs 147.95×, retail 76.23×). It listed on 20 Jan 2025 at ₹542 and closed its first day at ₹551, a listing gain of +28.6% versus the ₹428 issue price. It now trades around ₹178 (-58.5% versus the issue price).
Frequently asked questions
- How many times was the Laxmi Dental Limited IPO subscribed?
- The Laxmi Dental Limited IPO was subscribed 114.42× overall — 110.38× in the QIB category, 147.95× among non-institutional investors, 76.23× in retail.
- What were the Laxmi Dental Limited IPO listing gains?
- Laxmi Dental Limited listed on 20 Jan 2025 at ₹542, closing its first day at ₹551 — a listing gain of +28.6% versus the ₹428 issue price.
- What were the retail allotment odds for the Laxmi Dental Limited IPO?
- Retail was subscribed 76.23×, so a single-lot application had roughly a 1.3% chance of allotment (about 1 in 76), and allotment was finalised on 16 Jan 2025.
- What was the price band and lot size of the Laxmi Dental Limited IPO?
- The price band was ₹407–₹428 per share, with a minimum lot of 33 shares (₹14,124 at the upper band).
- Who were the registrar and lead manager for the Laxmi Dental Limited IPO?
- MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited) was the registrar, and Nuvama (Edelweiss) was the book-running lead manager.