{"id":50706,"date":"2025-01-16T15:23:32","date_gmt":"2025-01-16T09:53:32","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=50706"},"modified":"2025-11-10T13:35:27","modified_gmt":"2025-11-10T08:05:27","slug":"laxmi-dental-ipo-oversubscription-hits-114-times-allotment-listing-date-gmp-update","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/laxmi-dental-ipo-oversubscription-hits-114-times-allotment-listing-date-gmp-update\/","title":{"rendered":"Laxmi Dental IPO Oversubscription Hits 114 Times! Allotment, Listing Date & GMP Update"},"content":{"rendered":"
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Are you among the many investors who bid for the Laxmi Dental IPO? If so, you\u2019re not alone. The Laxmi Dental IPO has attracted unprecedented attention from investors across categories, leading to an oversubscription of 114 times. This response showcases the strong demand and investor confidence in the company\u2019s prospects. <\/p>\n\n\n\n

However, with such high levels of interest, many are left wondering about the next steps. How will the allotment process work? What can investors expect on the listing day? And what role does the grey market premium (GMP) play in shaping expectations? We\u2019ll break down each aspect step by step, helping you navigate through the allotment status, listing details, and market trends with ease.<\/p>\n\n\n\n

Laxmi Dental IPO Subscription Details<\/strong><\/h2>\n\n\n\n

The Laxmi Dental IPO<\/a> opened for public subscription on January 13, 2025, and closed on January 15, 2025. It raised \u20b9698.06 crore, comprising a fresh issue of 32.24 lakh equity shares aggregating \u20b9138 crore and an offer for sale (OFS) of 1.31 crore shares worth \u20b9560.06 crore. The IPO<\/a> price band was set between \u20b9407 and \u20b9428 per share.<\/p>\n\n\n\n

Investor Category<\/strong><\/td>Subscription (times)<\/strong><\/td>Shares Offered<\/strong><\/td>Shares<\/strong>bid for<\/strong><\/td>Total Amount (<\/strong>\u20b9<\/strong> Cr.)*<\/strong><\/td><\/tr>
Anchor Investors<\/td>1<\/td>73,39,395<\/td>73,39,395<\/td>314.13<\/td><\/tr>
Qualified Institutions<\/td>110.38<\/td>48,92,931<\/td>54,00,81,366<\/td>23,115.48<\/td><\/tr>
Non-Institutional Buyers<\/td>147.69<\/td>24,46,464<\/td>36,13,21,158<\/td>15,464.55<\/td><\/tr>
bNII (bids above \u20b910L)<\/td>167.68<\/td>16,30,976<\/td>27,34,89,216<\/td>11,705.34<\/td><\/tr>
sNII (bids below \u20b910L)<\/td>107.7<\/td>8,15,488<\/td>8,78,31,942<\/td>3,759.21<\/td><\/tr>
Retail Investors<\/td>75.1<\/td>16,30,976<\/td>12,24,80,688<\/td>5,242.17<\/td><\/tr>
Total<\/strong><\/td>114.14<\/strong><\/td>89,70,371<\/strong><\/td>1,02,38,83,212<\/strong><\/td>43,822.20<\/strong><\/td><\/tr><\/tbody><\/table>
Source: Mint<\/a><\/figcaption><\/figure>\n\n\n\n

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The strong response on the final day highlights the high demand across all investor categories.
If you were to look at the day-wise subscription details:
<\/p>\n\n\n\n

Date<\/strong><\/td>QIB<\/strong><\/td>NII<\/strong><\/td>NII (> \u20b910L)<\/strong><\/td>NII (< \u20b910L)<\/strong><\/td>Retail<\/strong><\/td>Total<\/strong><\/td><\/tr>
Day 1Jan 13, 2025<\/td>0.13<\/td>10.89<\/td>10.58<\/td>11.52<\/td>12.61<\/td>5.33<\/td><\/tr>
Day 2Jan 14, 2025<\/td>0.84<\/td>37.44<\/td>39.38<\/td>33.57<\/td>29.65<\/td>16.06<\/td><\/tr>
Day 3Jan 15, 2025<\/td>110.38<\/td>147.69<\/td>167.68<\/td>107.7<\/td>75.1<\/td>114.14<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Allotment Details<\/strong><\/h3>\n\n\n\n

With bidding now closed, the focus shifts to allotment. Laxmi Dental is expected to finalise the basis of share allotment on Thursday, January 16, 2025<\/strong>. Here\u2019s a step-by-step guide to checking the allotment status:<\/p>\n\n\n\n

Laxmi Dental IPO Allotment Status on BSE<\/strong><\/h3>\n\n\n\n
    \n
  1. Visit BSE<\/a> website on this link – BSE Allotment Status<\/a>.<\/li>\n\n\n\n
  2. Select \u2018Equity\u2019 in the Issue Type.<\/li>\n\n\n\n
  3. Choose \u2018Laxmi Dental Limited\u2019 in the Issue Name dropdown menu.<\/li>\n\n\n\n
  4. Enter either Application No. or PAN.<\/li>\n\n\n\n
  5. Verify by ticking on \u2018I am not robot\u2019 and click on \u2018Search\u2019.<\/li>\n<\/ol>\n\n\n\n

    Your Laxmi Dental IPO<\/a> allotment status will be displayed on the screen.<\/p>\n\n\n\n

    Laxmi Dental IPO Allotment Status on Link Intime<\/strong><\/h3>\n\n\n\n
      \n
    1. Visit IPO registrar website on this link – Link Intime Allotment Status<\/a>.<\/li>\n\n\n\n
    2. Choose \u2018Laxmi Dental Limited\u2019 in the Select Company dropdown menu.<\/li>\n\n\n\n
    3. Select among PAN, App. No., DP ID, or Account No.<\/li>\n\n\n\n
    4. Enter the details as per the option selected.<\/li>\n\n\n\n
    5. Click on Search.<\/li>\n<\/ol>\n\n\n\n

      Your Laxmi Dental IPO<\/a> allotment status will be displayed on the screen.<\/p>\n\n\n\n

      Alternatively, you can check allotment status on the BSE<\/strong> or NSE<\/a><\/strong> websites.<\/p>\n\n\n\n

      Key Dates<\/strong><\/td>Event<\/strong><\/td><\/tr>
      January 16, 2025<\/td>Allotment Finalisation<\/td><\/tr>
      January 20, 2025<\/td>IPO Listing on BSE & NSE<\/td><\/tr><\/tbody><\/table>
      Source: Mint<\/a><\/figcaption><\/figure>\n\n\n\n

      Refunds and Credit of Shares<\/strong><\/h3>\n\n\n\n

      For those who do not receive an allotment, refunds will be initiated on the same day as the allotment finalization. Successful bidders will have their equity shares credited to their demat accounts promptly.<\/p>\n\n\n\n

      Grey Market Premium (GMP) Update<\/strong><\/h3>\n\n\n\n

      Laxmi Dental shares are already creating a buzz in the grey market. The current GMP stands at \u20b9127 per share<\/strong>, suggesting strong investor sentiment. Here\u2019s what the numbers indicate:<\/p>\n\n\n\n