Thu Jan 16 12:43:21 UTC 2025: **Laxmi Dental IPO Allotment Status to be Finalized on January 16th; Grey Market Premium Fluctuates**

MUMBAI, INDIA – January 16, 2024 – The allotment status for the Laxmi Dental IPO, aiming to raise Rs 698.06 crore (approximately $84.7 million USD), will be finalized today, January 16th. The IPO, which offered shares at a price band of Rs 407 to Rs 428, saw strong initial interest reflected in a high grey market premium (GMP).

While the GMP reached Rs 160 on January 12th, suggesting a potential listing gain of 37.38%, it has since fallen to Rs 126 as of midday today. This currently projects a listing price around Rs 554, a 29.33% increase over the upper end of the IPO price band. Investors should note that GMP is unofficial and based on speculation.

The IPO consisted of a fresh issue of Rs 138 crore and an offer for sale of Rs 560.06 crore. Proceeds from the fresh issue will be used to repay debt, purchase machinery, and for general corporate purposes. Laxmi Dental, which operates under the brand name Talgus, manufactures and distributes a range of integrated dental products, including clear aligners and 3D printing resins.

Shares are expected to list on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) on January 20th. Link Intime India Pvt. Ltd. is the registrar for the IPO. Investors can check their allotment status through the registrar’s website.

**Disclaimer:** Investment in IPOs involves market risk. Consult a financial advisor and review the red herring prospectus before investing.

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