On January 20, 2025, Laxmi Dental Limited made its much-anticipated debut on the stock exchanges, marking a significant milestone for the company and its investors. The initial public offering (IPO) was met with enthusiasm, reflecting strong market sentiment and investor confidence. The shares were listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), with notable gains observed shortly after the opening bell.
Laxmi Dental IPO was open for subscription from January 13 to 15, and the IPO allotment was finalized on January 16. Laxmi Dental shares will be listed on both the stock exchanges, BSE and NSE, today.
“Trading Members of the Exchange are hereby informed that effective from Monday, January 20, 2025, the equity shares of Laxmi Dental Limited shall be listed and admitted to dealings on the Exchange in the list of ‘B’ Group of Securities,” a notice on the BSE said.
Laxmi Dental shares will be a part of the Special Pre-open Session (SPOS) on Monday, January 20, 2025, it added, and the trading in the stock will begin at 10:00 AM.
Laxmi Dental IPO was subscribed by a massive 114.42 times in total as investors booked 102.63 crore equity shares, compared to the 89,70,371 shares on offer.
Ahead of the Laxmi Dental share listing today, the trends in the grey market premium (GMP) and analysts indicate a strong debut of shares.
Laxmi Dental IPO GMP Today
Laxmi Dental shares are showing a bullish trend in the grey market with a strong GMP. According to stock market observers, Laxmi Dental IPO GMP today is ₹145 per share. This indicates that in the grey market, Laxmi Dental shares trading higher by ₹145 apiece than their issue price.
Laxmi Dental IPO Listing Price
Considering the Laxmi Dental IPO GMP today, the estimated listing price of Laxmi Dental shares would be ₹573 apiece, a premium of 34% to the issue price of ₹428 per share.
Analysts also expect Laxmi Dental’s share listing to be at a decent premium of around 25% – 30% to the IPO price.
“Laxmi Dental Ltd IPO has seen significant demand, oversubscribed by 114.14 times. The company is set for an impressive market debut today, with expectations of a 29% premium over its upper price band. Laxmi Dental is among the few vertically integrated players globally and India’s only vertically integrated company.
Its established market presence and experience in manufacturing quality products will help it build and scale future brands,” said Prathamesh Masdekar, Research Analyst at Stoxbox.