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Laxmi Dental IPO Allotment Status Finalized: Here’s How to Check Online

Australian Premium

January 16, 2025

New Delhi, India

Laxmi Dental Ltd’s IPO

Laxmi Dental Ltd’s IPO allotment status is now available for investors to check online. The IPO, which closed on January 15, received overwhelming demand, with a subscription of 114.42 times across all categories. Retail investors subscribed 76.24 times, Non-Institutional Investors (NII) 147.95 times, and Qualified Institutional Buyers (QIBs) 110.38 times.

Allotment Details and Key Dates:

  • Allotment Date: January 16, 2024
  • Refunds Initiated: January 16, 2024
  • Listing Date: January 20, 2024

The company raised ₹698.06 crore, combining a fresh issue of ₹138 crore and an offer for sale worth ₹560.06 crore. The IPO price band was set at ₹407 to ₹428 per share, with shares expected to list on both BSE and NSE.

How to Check Allotment Status:

Investors can check their allotment status online using these portals:

BSE Website

  1. Visit BSE Allotment Portal.
  2. Select ‘Equity’ under the Issue Type.
  3. Choose ‘Laxmi Dental Limited’ in the Issue Name dropdown.
  4. Enter your Application Number or PAN.
  5. Tick the ‘I am not a robot’ checkbox and click ‘Search’.

Link Intime Portal

  1. Visit Link Intime Allotment Portal.
  2. Select ‘Laxmi Dental Limited’ in the company dropdown.
  3. Choose between PAN, Application Number, DP ID, or Account Number.
  4. Enter the details and click ‘Search’.

Your allotment status will be displayed on the screen.

Grey Market Premium and Estimated Listing Price:

Laxmi Dental shares are showing strong performance in the grey market with a premium of ₹127 per share over the IPO price of ₹428. This suggests a potential listing price of ₹555 per share, indicating a 29% premium.

Book Running Lead Managers:

The IPO was managed by Nuvama Wealth Management, Motilal Oswal Investment Advisors, and SBI Capital Markets.

With strong investor demand and a bullish grey market trend, Laxmi Dental shares are anticipated to have a robust market debut.

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