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Markets / IPO / Laxmi Dental

Laxmi Dental IPO

Updated 17:58

Mainboard IPO on NSE and BSE · Medical Equipment & Supplies

Status
Listed
Price band
₹407–428
Lot size
33 shares · ₹14,124
Subscribed
114.42×

How it listed

Issue price
₹428
Listing price (open)
₹542.00 +26.64%
First-day close
₹550.55 +28.63%
Price now
₹196.42 -54.11%
Listing day20 Jan 2025
Open / high / low / close₹542.00 / ₹584.00 / ₹525.00 / ₹550.55
Shares traded on NSE2,39,12,071
Market value at the listing-day close₹3,030 cr

Closing prices since listing: 26 Oct ₹171.87, 27 Oct ₹180.69, 28 Oct ₹181.39, 29 Oct ₹177.37, 30 Oct ₹177.58, 2 Nov ₹180.24, 3 Nov ₹181.51, 4 Nov ₹188.71, 5 Nov ₹196.51, 6 Nov ₹198.01.

Laxmi Dental share price, live chart and technicals →

Key dates

Bidding opens13 Jan 2025
Bidding closes15 Jan 2025
Allotment16 Jan 2025
Refunds and shares in demat17 Jan 2025
Listing20 Jan 2025

Issue reservation

Investor groupShares% of issueMost applicants allotted
Institutions (QIB)48,92,93154.55%–
HNI / NII24,46,46427.27%–
  HNI, above ₹10 lakh16,30,97618.18%696
  HNI, ₹2–10 lakh8,15,4889.09%1,647
Retail16,30,97618.18%49,423

Shares NSE lists as offered to each group, plus the anchor portion. "Most applicants allotted" is how many people can get the minimum application in that group when it is oversubscribed.

Lot size by investor type

ApplicationLotsSharesAmount
Retail (minimum)133₹14,124
Retail (maximum)14462₹1,97,736
Small HNI (minimum)15495₹2,11,860
Small HNI (maximum)702,310₹9,88,680
Big HNI (minimum)712,343₹10,02,804

At ₹428 a share. Retail bids go up to ₹2 lakh, small HNI from ₹2 lakh to ₹10 lakh, big HNI above ₹10 lakh.

Chance of getting shares (retail)

Chance
At least 1 in 76
Retail allotments available
49,423 × one lot
Retail portion subscribed
76.23×

An estimate from the times the retail portion was subscribed, as if every applicant bid for the minimum. Many bid for more lots, so the real chance is usually better. Winners are picked by lottery and each gets the minimum (one lot).

Subscription

Investor categoryShares offeredShares bid forTimes subscribed
Institutions (QIB)48,92,93154,00,81,366110.38×
HNI / NII24,46,46436,19,65,549147.95×
  HNI, above ₹10 lakh16,30,97627,34,89,216167.68×
  HNI, ₹2–10 lakh8,15,4888,84,76,333108.49×
Retail16,30,97612,43,37,40076.23×
Total89,70,3711,02,63,84,315114.42×

NSE and BSE bids together, as of 15 Jan 2025 19:00.

Demand at each price

Top price ₹4289,206.92 lakh shares89.6%
Cut-off final price, whatever it is; mostly retail1,060.52 lakh shares10.3%
Lower prices ₹407–4276.29 lakh shares0.1%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date10 Jan 2025
Lock-in ends for the first 50% (30 days)14 Feb 2025
Lock-in ends for the remaining 50% (90 days)15 Apr 2025

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

At issue priceNow
Market value₹2,355 cr₹1,081 cr
P/E (last 12 months' profit)72.733.4
Revenue, last 12 months₹294 cr
Profit, last 12 months₹32 cr
Return on equity12.2%
Debt to equity0.00

From results the company filed with NSE (latest period to 30 Sept 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

Other recent IPOs: Medical Equipment & Supplies

CompanyListedSubscribedOn listingSince IPO
Sahajanand Medical Technologies 23 Oct14.20×+7.89%+52.89%
Molbio Diagnostics 17 Aug70.26×+21.44%+65.96%
Avience Biomedicals SME25 Jun–+90.00%+20.19%
Q-Line Biotech SME29 May–+31.78%+49.18%
Fabtech Technologies 7 Oct2.03×+0.52%-30.90%
Galaxy Medicare SME17 Sept–0.00%-67.22%

IPO details

Price band₹407–428
Final issue price₹428
Lot size33 shares
Minimum investment₹14,124 (1 lot)
MarketNSE mainboard
Issue type100% Book Building
Face value₹2 per Equity Share
IndustryMedical Equipment & Supplies
Issue size₹698.06 crore (about 1.63 crore shares) · Fresh issue + offer for sale: fresh ₹138.00 cr, offer for sale ₹560.06 cr
ISININE0WO601020
RegistrarMUFG Intime India Private Limited (formerly known as Link Intime India Private Limited)
Helpline: +91 22 4918 6000, +91 8108114949, laxmidental.ipo@linkintime.co.in
Lead managersNuvama Wealth Management Limited, Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited
ProspectusRed herring prospectus (NSE)

Check allotment status

Allotment was finalised on 16 Jan 2025. Check it on the registrar's page (MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited)), NSE or BSE with your PAN or application number.

← All IPOs: open, upcoming and recently listed

From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the Laxmi Dental IPO price band and lot size?

The price band is ₹407–428 per share, and one lot is 33 shares (₹14,124 at the upper price).

When is the Laxmi Dental IPO allotment date?

Allotment was finalised on 16 Jan 2025, the next working day after bidding closed on 15 Jan 2025.

How many times was the Laxmi Dental IPO subscribed?

In total 114.42 times, on NSE and BSE together; retail 76.23 times.

What is the Laxmi Dental IPO listing date?

It listed on 20 Jan 2025 on NSE and BSE.

What is the chance of getting Laxmi Dental IPO shares?

At least 1 in 76 retail applicants got the minimum lot: 49,423 retail allotments with the retail portion subscribed 76.23 times. Winners are picked by lottery.

When does the Laxmi Dental anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 14 Feb 2025 and the 90-day lock-in on the rest ends on 15 Apr 2025; they can sell from the next trading day.

What was the Laxmi Dental listing gain?

It opened at ₹542.00 against an issue price of ₹428, a gain of 26.64%. It is now down 54.11% from the issue price.