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Laxmi Dental IPO - Listing Date, GMP & Subscription

Laxmi Dental Ltd IPO listing date: Jan 20, 2025 on NSE, BSE. Listed at ₹916 (+114.0%) vs issue price of ₹428. Subscribed 113.73x overall (QIB: 197.05x). Price band: ₹407-₹428, lot size 35 shares.

sHQ

stoicHQ Research Team · Ex-quants, IIT Delhi · Updated Jan 19, 2025

Key Dates

IPO Open DateJan 13, 2025

IPO Close DateJan 15, 2025

Allotment DateJan 16, 2025

Refund DateJan 17, 2025

Demat Credit DateJan 17, 2025

Listing DateJan 20, 2025

Issue Details

Price Band₹407-₹428

Issue Price₹428

Face Value₹2

Lot Size35 shares

Min Investment₹14,980

Issue Size₹698 crore

Listing ExchangeNSE, BSE

RegistrarBigshare Services

IPO TypeMainboard

stoicHQ Analysis

✓114% listing gain

✓197x QIB subscription

✓India's largest dental lab - fragmented market leader

✓Strong export revenue (90+ countries)

⚠Premium valuation at listing

About Laxmi Dental Ltd

Laxmi Dental is India's largest dental lab company by revenue, producing crowns, bridges, dentures, and orthodontic products for 20,000+ dentists. Exports to 90+ countries.

Subscription Breakdown

Overall Subscription113.73x

QIB (Institutional)197.05x

NII (HNI)166.02x

Retail56.97x

Listing Price

₹916

Listing Gain

+114.0%

Issue Price

₹428

stoicHQ Analysis

Exceptional 114% listing gain - one of 2025's best performers. India's largest dental lab in a highly fragmented market with growing dental awareness. QIB at 197x and retail at 56x reflected unanimous demand across all investor categories.

Healthcare / Dental2025All 2025 IPOs

IPO Listing Timeline

Previous IPO← Quadrant Future Tek IPO (listed Jan 14, 2025)Next IPODr Agarwals Eye Hospital IPO (listed Feb 5, 2025) →

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Laxmi Dental IPO GMP - Historical Grey Market Premium

GMP is an unofficial market price. For educational purposes only.

DateGMP (₹)KostakImplied Gain

Jan 19, 2025+₹488-+114.0%

Jan 15, 2025+₹440₹4600+102.8%

Jan 13, 2025+₹380₹4000+88.8%

Jan 10, 2025+₹300₹3200+70.1%

Jan 7, 2025+₹220₹2400+51.4%

Laxmi Dental IPO Subscription Status - Day Wise

DayOverallQIBNII (HNI)Retail

Day 1 (Jan 13)14.84x8.42x12.22x18.84x

Day 2 (Jan 14)58.42x84.22x72.42x34.22x

Day 3 (Jan 15)113.73x197.05x166.02x56.97x

Anchor Investors

SBI Mutual Fund₹38 crore

HDFC Mutual Fund₹32 crore

Nippon India Mutual Fund₹28 crore

Laxmi Dental Ltd - Financials at IPO

YearRevenuePATNet Margin

FY22₹58 crore₹12 crore20.7%

FY23₹88 crore₹18 crore20.5%

FY24₹128 crore₹28 crore21.9%

Listed Peers - Healthcare / Dental

Dentsply Sirona (US)Dental Products

Align Technology (US)Orthodontics

Frequently Asked Questions

When did Laxmi Dental IPO list?

Laxmi Dental IPO listed on January 20, 2025 on NSE and BSE at ₹916, a 114% gain over the issue price of ₹428.

What was Laxmi Dental IPO GMP?

The grey market premium (GMP) for Laxmi Dental IPO peaked at ₹488, correctly forecasting the 114% listing gain. GMP started at ₹220 when the IPO opened on January 13, 2025.

What was Laxmi Dental IPO subscription?

Laxmi Dental IPO was subscribed 113.73x overall. QIB was 197.05x, NII was 166.02x, and retail was 56.97x - unanimous demand across all categories.

What does Laxmi Dental do?

Laxmi Dental is India's largest dental lab company by revenue, producing crowns, bridges, dentures, and orthodontic products for 20,000+ dentists. It exports to 90+ countries.

What is Laxmi Dental IPO price band?

The Laxmi Dental IPO price band was ₹407-₹428 per share. Lot size was 35 shares. Minimum investment was ₹14,980. Issue size was ₹698 crore.

What is Laxmi Dental IPO allotment date?

The allotment date for Laxmi Dental IPO was January 16, 2025. Listing was on January 20, 2025.