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The Qualified Institutional Buyers (QIBs) segment of Laxmi Dental IPO was subscribed 110.38 times, while the Non-Institutional Investors (NIIs) category received an overwhelming response with a subscription of 147.95 times. Retail investors also showed strong interest, subscribing to their allocation 76.23 times.
How to Check Laxmi Dental IPO Allotment Status
Investors can verify their Laxmi Dental IPO allotment status via the BSE website or Link Intime India Private Limited
On the BSE Website:
1. Visit the IPO allotment page on the BSE website.
2. Select “Equity” as the issue type.
3. Choose “Laxmi Dental” from the dropdown menu.
4. Enter your application number or PAN.
5. Click “Search” to view your allotment status.
On Link Intime India Private Limited Website:
1. Go to the official website of Link Intime India
2. Visit the IPO section of the website.
3. Select “Laxmi Dental” from the dropdown menu.
4. Enter details such as PAN, application number, or DP/Client ID.
5. Click “Submit” to check your status.
Successful applicants will have shares credited to their demat accounts, while refunds will be processed for those who did not receive an allotment.
Laxmi Dental IPO Details
Laxmi Dental IPO includes a fresh equity issue of ₹138 crore and an offer-for-sale (OFS) of 1.3 crore shares worth ₹560.05 crore, offloaded by existing shareholders, including promoters Rajesh Vrajlal Khakhar and Sameer Kamlesh Merchant, as well as investor OrbiMed Asia II Mauritius.
Laxmi Dental raised over ₹314 crore through its anchor book, attracting significant interest from institutional investors.
Proceeds from the fresh equity issue will be utilised to repay debt, acquire new machinery, and fund general corporate purposes.
About Laxmi Dental
Laxmi Dental specialises in a wide range of dental products, including custom-made crowns, bridges, clear aligners, thermoforming sheets, and pediatric dental products. The company operates across six manufacturing facilities and competes with listed firms such as Poly Medicure.
For the six months ended September 30, 2024, Laxmi Dental reported a net profit of ₹22.74 crore on a revenue of ₹117.9 crore. For the financial year 2023-24, the company posted a net profit of ₹25.23 crore on a revenue of ₹195.25 crore.
