Thu Jan 16 06:02:59 UTC 2025: ## Laxmi Dental IPO Oversubscribed by 114 Times, Allotment Due Thursday

**Mumbai, January 16, 2025** – The Laxmi Dental initial public offering (IPO), which closed on Tuesday, January 15th, has been massively oversubscribed, receiving bids 114 times the number of shares offered. The IPO, aiming to raise Rs 698.06 crore, saw exceptionally strong interest from all investor categories. Retail investors bid 75 times their allotted portion, while Qualified Institutional Buyers (QIBs) and Non-Institutional Investors (NIIs) bid 110 and 148 times their respective allocations, respectively.

The allotment of shares will be finalized on Thursday, January 17th, 2025. Investors can check their allotment status online through the Bombay Stock Exchange (BSE) website or the website of Link Intime India Private Ltd, the registrar for the issue. Detailed instructions on how to check allotment status are available on both websites.

The IPO, priced between Rs 407 and Rs 428 per share, had already secured Rs 314.13 crore from anchor investors before opening to the public. The high level of oversubscription reflects strong investor confidence in Laxmi Dental. With a Grey Market Premium (GMP) of Rs 126 as of January 10th, the projected listing price is estimated around Rs 554, indicating a potential gain of 65.52% per share. Laxmi Dental is expected to be listed on both the BSE and NSE on Monday, January 20th, 2025.

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