IPO (initial public offering) of Laxmi Dental Ltd. has been concluded after a three-day bidding period on Wednesday, January 15, 2025. The company may finalize the share allotment status on Thursday, January 16. The IPO saw a great overall subscription, reaching 114.42 times the available shares on the third day. As per the data, the issue received the bids for 1,02,63,84,315 shares, significantly exceeding the 89,70,371 shares on offer. Here’s how different groups subscribed:
- Qualified Institutional Bidders (QIBs): 110.38 times.
- Non-institutional investors (NIIs): 147.95 times.
- Retail investors: 76.23 times their allotted quota.
The company’s IPO started on January 13, 2025, and concluded on January 15, 2025. The company aimed to raise Rs 698.06 crore from this share sale. Furthermore, the minimum investment requirement was 33 shares. The company offered shares, with a price band of Rs 407 to Rs 428 apiece.
Laxmi Dental IPO: GMP
In the grey market, Laxmi Dental Ltd’s shares maintained a premium of Rs 126. Furthermore, this suggests a potential listing price of Rs 554, representing a great 29.44% premium from the upper band of IPO price of Rs 428.
Simple Steps To Check Allotment Status
Registrar’s Website
- Jump onto the allotment status page of Link Intime India: https://linkintime.co.in/Initial_Offer/public-issues.html.
Choose ‘Laxmi Dental’ from the list of IPO names in the ‘please select company’ option.
Provide either application number, PAN, Account No, IFSC or DP/Client ID.
Tab on the ‘Submit’ button to see the allotment status.
BSE’s Website
- Go to the BSE’s IPO allotment page: https://www.bseindia.com/investors/appli_check.aspx.
Choose ‘Issue Type’ as ‘Equity’.
Choose ‘Laxmi Dental Limited’ from the ‘Issue name’ menu.
Provide your PAN or application number.
Tab on the ‘Search’ option.
NSE’s Website
- Go to the IPO allotment verification status on NSE’s website.
Log-in or create an account if you are a new user.
Choose ‘Laxmi Dental Limited’.
Provide details such as application no and PAN.
Tab on the submit option.
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