Laxmi Dental IPO allotment finalised: How to check status online on NSE, BSE, Link Intime India

Laxmi Dental IPO allotment: The basis of allotment for dental products company Laxmi Dental Ltd has been finalised on Thursday, January 16. The issue got a stellar response from all investor categories.

The ₹698.06 crore initial share sale got bids for 1,02,63,84,315 shares against 89,70,371 equity shares on offer, leading to a total subscription of 114.42 times, according to the NSE data.

The non-institutional investors led the demand, submitting applications for 36,19,65,549 shares against 24,46,464 shares on offer. They subscribed their portion a whopping 147.95 times.

The qualified institutional buyers category received 110.38 times the subscription, as they applied to 54,00,81,366 shares compared to 48,92,931 shares on offer.

Retail individual investors subscribed to their portion 76.23 times. They placed bids for 12,43,37,400 shares against 16,30,976 shares reserved for them.

How to check Laxmi Dental IPO allotment status on Link Intime India

• Go to the allotment status page of Link Intime India at https://linkintime.co.in/Initial_Offer/public-issues.html.
• Pick 'Laxmi Dental' from the list of IPO names in the 'please select company' section
• Enter either application number, PAN, Account No / IFSC or DP/Client ID
• Click on the 'Submit' button to check the allotment status

How to check Laxmi Dental IPO allotment status online on NSE

• Users can check their IPO allotment vertifcation status on NSE's website HERE.
• Log-in (New users need to create an account)
• Select 'Laxmi Dental Limited'
• Enter details such as application no and PAN no
• Click on submit

Laxmi Dental IPO allotment status check on the BSE website

• Visit BSE's IPO allotment page- https://www.bseindia.com/investors/appli_check.aspx
• Pick 'Issue Type' as 'Equity'
• Select 'Laxmi Dental Limited' from the 'Issue name' list
• Enter your PAN card number or application number
• Click on the 'Search' button

Laxmi Dental IPO listing date and time

Shares of Laxmi Dental will hit the secondary market on Monday, January 20. At 10 am, the stock will be listed on the National Stock Exchange and the BSE.

The book-built initial share sale was a fresh issue worth ₹138 crore and an offer-for-sale aggregating to ₹560.06 crore. The price band was set at ₹407 to ₹428 per equity share. The lot size was 33 shares, needing ₹14,124 as an investment.

Laxmi Dental IPO objectives

Proceeds to the tune of ₹22.98 crore will be used to repay the company's debt, ₹4.60 crore will be used to clear the debt of certain subsidiaries, ₹43.51 crore will be used to purchase new machinery, and ₹25 crore will be invested in a subsidiary to buy equipment. A portion will also be used for general corporate purposes.

Laxmi Dental is an end-to-end integrated dental products firm. Its comprehensive portfolio includes custom-made crowns and bridges, paediatric dental products, and branded dental offerings like aligner solutions.

It operates via three business verticals: Laboratory business, aligner solutions business, and paediatric dental products segment. It has a strong domestic and international presence.

Laxmi Dental financials