Laxmi Dental Share Price: IPO Debut with 23% Premium and Strong Investor Demand

Laxmi Dental Share Price

Laxmi Dental IPO made a stellar debut on Monday, listing at a premium of over 23% to its issue price of Rs 428. On the Bombay Stock Exchange (BSE), the stock opened at Rs 528, reflecting a gain of 23.36%, while on the National Stock Exchange (NSE), it opened at Rs 542, reflecting a premium of nearly 27%.

The IPO witnessed strong demand during its three-day subscription period, garnering an overall subscription of 114 times. Retail investors bid 75 times the shares allotted to them, while qualified institutional buyers (QIBs) bid 110 times. High-net-worth individuals (NIIs) led the way, bidding 148 times their reserved shares.

Shivani Nyati, Head of Wealth at Swastik Investmart Ltd, highlighted the company’s impressive turnaround from losses to profitability and its position as the second-largest domestic laboratory business and the largest export laboratory. He advised IPO participants to consider booking partial profits and holding the remaining shares with a stop-loss of ₹480.

The IPO, which opened on January 13, 2025, aimed to raise ₹698.06 crore through a combination of a fresh issue of 32 lakh shares and an offer for sale of 1.31 crore shares. The price band was fixed at ₹407-₹428 per share, requiring a minimum investment of ₹33 for retail investors applying for 14,124 shares.

Ahead of its subscription, the IPO garnered ₹314.13 crore from anchor investors, further underlining strong institutional interest.

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