Thu Jan 16 09:48:09 UTC 2025: **Laxmi Dental IPO Oversubscribed 114 Times, Allotment Due Thursday**

MUMBAI, January 14, 2025 – Laxmi Dental’s initial public offering (IPO), which closed on January 15th, was massively oversubscribed, receiving bids totaling approximately ₹44,000 crore – 114.42 times the offered shares. The IPO, priced between ₹407 and ₹428 per share, raised ₹698.06 crore, comprising a fresh issue and an offer-for-sale.

Allotment of shares will be finalized on Thursday, January 15th, with investors receiving notifications regarding fund debits or IPO mandate revocations by Friday, January 16th. The strong investor response saw the Qualified Institutional Bidders (QIBs) portion subscribed 110.30 times, Non-Institutional Investors (NIIs) at 147.95 times, and Retail Investors at 76.24 times.

Despite recent market volatility, the grey market premium (GMP) for Laxmi Dental shares remains strong, currently estimated at ₹125-130, suggesting a potential listing gain of up to 30%.

Laxmi Dental, an integrated dental products company established in 2004, offers a range of products including custom crowns, branded dental items, and aligner solutions. The company’s shares are scheduled to list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on Monday, January 20th.

Investors can check their allotment status on the BSE website (https://www.bseindia.com/investors/appli_check.aspx) or the Link Intime India portal (https://linkintime.co.in/MIPO/Ipoallotment.html). Link Intime India is the registrar for the issue.

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