Laxmi Dental IPO Allotment Today: Unlisted shares of Laxmi Dental Ltd are currently trading at Rs 554 per share in the gray market, 29.44% higher than the IPO upper price.
Lakshmi Dental IPO.
Lakshmi Dental IPO Allotment Status: The allotment of Lakshmi Dental IPO will be finalized on Thursday, evening. After finalization of allotment, investors will receive bank debit messages. They can check the IPO allotment status on the websites of BSE and NSE as well as on the portal of Registrar Link Intime India Pvt Ltd. The latest GMP currently stands at 29.44 percent, indicating a strong listing gain for investors.
Lakshmi Dental’s IPO listing will take place on Monday, January 20.
The initial public offer of Lakshmi Dental Ltd., which was opened between January 13 and January 15, received a total subscription of 114.14 times. The retail category received an overall subscription of 75.1 times, the NII (non-institutional investors) segment received a subscription of 147.69 times. Its QIB (Qualified Institutional Buyer) category is oversubscribed 110.38 times.
The price band of the IPO was fixed at Rs 407 to Rs 428 per piece.
Shares of Lakshmi Dental Limited are scheduled to be listed on both BSE and NSE on Monday, January 20.
Investors can check the IPO allotment status on the BSE and NSE websites as well as on Registrar Link Intime’s portal.
Lakshmi Dental IPO: How to Check Allotment Status Online?
IPO allotment status can be checked online by following these steps:
1) Visit BSE official website via URL —https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Under ‘Issue Name’, select ‘Lakshmi Dental Ltd’ in the drop box.
4) Enter your Application Number, or Permanent Account Number (PAN).
5) Then, click on ‘I am not a robot’ to confirm yourself and press ‘Search’ option.
The status of your share request will be displayed on your screen.
You can also go directly to Link in Time’s portal. https://www.linkintime.co.in/Initial_Offer/public-issues.html And Check Lakshmi Dental IPO Allotment Status.
Lakshmi Dental IPO GMP Today
According to market observers, unlisted shares of Lakshmi Dental Ltd are currently trading at Rs 554 per share in the gray market, up by Rs 126 or 29.44 per cent from the IPO issue price of Rs 215. This indicates a strong listing on January 20. .
GMP is based on market sentiment and changes. The ‘grey market premium’ indicates the willingness of investors to pay more than the issue price.
Lakshmi Dental IPO: More Details
The IPO is a combination of fresh issue of equity shares worth up to Rs 138 crore and OFS of 1.31 crore equity shares worth up to Rs 560 crore by the promoters – Rajesh Viraj Lal Khakhar and Sameer Kamlesh Merchant and other shareholders. Red Herring Prospectus (RHP).
Under the OFS, investor OrbiMed Asia II Mauritius Ltd will also offload stake in leading B2C dental aligner company Lakshmi Dental. The promoters and promoter group owned 46.56 per cent stake in the company, while public shareholders held 53.44 per cent.
According to RHP, the net proceeds from the fresh issue will be used for repayment of debt, funding of capital expenditure requirements, investment in its subsidiary Bizdent Devices Pvt Ltd and general corporate purposes.
Lakshmi Dental, an end-to-end integrated dental products company, has a comprehensive portfolio that includes customized crowns and bridges, branded dental products such as aligner solutions and pediatric dental products.