Thu Jan 16 07:43:33 UTC 2025: ## Laxmi Dental IPO Oversubscribed 114 Times, Allotment Today

**MUMBAI, January 16, 2025** – Laxmi Dental’s initial public offering (IPO) closed yesterday, significantly oversubscribed at 114.42 times the offered shares. Non-Institutional Investors (NIIs) showed the strongest interest, oversubscribing their portion by a massive 147.95 times. Qualified Institutional Buyers (QIBs) oversubscribed by 110.38 times, and Retail Individual Investors (RIIs) by 76.24 times.

Investors can check their allotment status today on the websites of the Bombay Stock Exchange (BSE), the National Stock Exchange (NSE), or Link Intime India, the registrar. Detailed instructions on how to check allotment status on both BSE and Link Intime’s websites are available.

The shares are expected to list on the BSE and NSE on Monday, January 20. The IPO price range was ₹428 per share, while the grey market premium (GMP) currently sits at ₹126, suggesting a potential listing price of ₹554 and a potential 29.44% gain per share.

Laxmi Dental, India’s only end-to-end integrated dental product company, plans to use the IPO proceeds to repay debt, fund capital expenditures for new machinery, invest in its subsidiary Bizdent Devices Pvt Ltd, and for general corporate purposes. The company operates a B2B2C model, selling its products through a network of over 22,000 dental clinics and professionals. Laxmi Dental boasts six manufacturing facilities across India and exports to over 90 countries.

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