Laxmi Dental IPO Allotment Out; When, Where And How To Check Status Online? Latest GMP Here

Laxmi Dental IPO: The dental products company has announced the allotment status of its Rs 698.06 crore worth public offer, which emerged as one of the best performing IPOs at the start of 2025. The latest grey market premium (GMP) signalled at a double-digit percentage premium listing on BSE and NSE. Laxmi Dental will debut next week.

Laxmi Dental IPO Allotment:

The eligibility for the IPO can be checked on BSE, NSE and registrar of the IPO, Link Intime India.

To Check The Application Status On Link Intime India, Click On The Link Below

https://linkintime.co.in/initial_offer/public-issues.html

To Check The Application Status On BSE, Click On The Link Below:

https://www.bseindia.com/investors/appli_check.aspx

To Check The Application Status On NSE, Click On The Link Below:

https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

Laxmi Dental IPO GMP:

As per Investor Grain, Laxmi Dental IPO's last GMP is Rs 120, last updated Jan 16th 2025 10:32 PM. With a price band of 428.00, Laxmi Dental IPO's estimated listing price is Rs 548 (cap price + Latest GMP). The expected percentage gain/loss per share is 28.04%.

Laxmi Dental IPO Listing:

After the allotment status, the company will credit the shares to the Demat account on January 17th, and will also refund those investors who could not meet the eligibility criteria. After this, the IPO will be listed on BSE and NSE on January 20. The IPO could not be listed on either January 18th or 19th due to the weekend holiday.

Laxmi Dental IPO Details:

Data on NSE showed that on the last day, the IPO recorded cumulative oversubscription of 114.42x, with strong demand from qualified institutional buyers (QIBs) and non-institutional investors (NIIs) whose portion oversubscribed by 110.38x and 147.95x respectively. Also, the retail individual investors (RIIs) portion had oversubscribed by 76.23x.

The IPO opened on January 13 and closed on January 15. The Rs 698.06 crore issue size comprised of fresh issue worth Rs 138 crore and an offer for sale of up to 1,30,85,467 equity shares. It was a 100% book building, with a price band of Rs 407 per share to Rs 428 per share.

Compared to its peers, as per brokerage Choice Broking, LDL is an end-to-end integrated dental products company, offering custom-made crowns and bridges, clear aligners, thermoforming sheets and aligner-related products as a part of aligner solutions, and paediatric dental products. The growth of the industry is being driven by the increasing prevalence of Oral Health disorders such as Dental Caries, Malocclusion and
Periodontal diseases among the population, and greater demand for general and specialized dental care due to growing awareness.

Further, the brokerage highlighted that as the upper price band, LDL is demanding a P/E multiple of 93.2x, based on its FY24 EPS of Rs. 4.6, and an EV/Sales multiple of 11.7x, this valuation seems to be fully priced compared to its peers. The company is well-positioned for growth in the coming period, driven by the increasing demand and awareness in the dental care industry, the introduction of new product lines, and the adoption of
advanced technologies. However, challenges such as the potential impact of exchange rate fluctuations, reliance on skilled dental technicians, and other risk factors persist.

Laxmi Dental Ltd. (LDL), is India's only end-to-end integrated dental products company in India.