Thu Jan 16 10:15:03 UTC 2025: ## Laxmi Dental IPO Oversubscribed, Allotment Status Available

**Mumbai, India** – The initial public offering (IPO) of Laxmi Dental Ltd., a dental products company backed by OrbiMed, concluded with a resounding success, exceeding expectations by a significant margin. The IPO, priced between ₹407 and ₹428 per share, was oversubscribed 113.97 times during its three-day bidding period (January 13-15). The company raised over ₹314 crore from anchor investors before the public offering.

Investors can now check their allotment status starting January 16th. The allotment status can be verified through the registrar, Link Intime India Pvt Ltd (https://linkintime.co.in/initial_offer/), or directly through the National Stock Exchange (NSE) (https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp) and the Bombay Stock Exchange (BSE). Detailed instructions for checking allotment status on each platform are available.

The unofficial grey market premium (GMP) for Laxmi Dental shares is currently around 30%, suggesting a potential listing gain of approximately 29.43%. The company plans to utilize the proceeds from the IPO to repay debt, fund capital expenditures, invest in its subsidiary Bizdent Devices Pvt Ltd, and for general corporate purposes.

Laxmi Dental shares are scheduled to be listed on the BSE and NSE on January 20th. Potential investors are advised to consult with certified financial advisors before making any investment decisions. This news follows a busy month for the Indian stock market and the ongoing activity in the broader cryptocurrency markets. The Traders Gurukul’s BOTs summit continues to offer insights into options trading.

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