In today’s report, we delve into the IPO of Laxmi Dental, a leading dental product manufacturing company. The IPO was launched on January 12, 2025, and immediately became a hot topic among investors on the very first day. The price band for the IPO has been set at ₹407-₹428 per share, with applications accepted in a minimum lot size of 33 shares. Remarkably, the IPO recorded a threefold subscription on Day 1, showcasing its popularity. This article provides detailed insights into the IPO, including its Grey Market Premium (GMP), advice from brokerage houses, benefits, and risks associated with investing. Let’s explore everything you need to know about the Laxmi Dental IPO in detail.
Key Highlights of Laxmi Dental IPO
We have given the main information of Laxmi Dental IPO below. You will be able to buy this IPO for ₹ 407-₹ 428 per share. Apart from this, if we talk about the total size of the IPO, its issue size is ₹ 698 crores:
- Price Band: ₹407-₹428 per share.
- Issue Size: ₹698 crore, comprising ₹138 crore as fresh equity and ₹560.06 crore through Offer for Sale (OFS).
- Anchor Investors: The company raised ₹314.1 crore from anchor investors on January 10, 2025, including prominent names such as Abu Dhabi Investment Authority, Goldman Sachs, and Nomura Trust.
- Grey Market Premium (GMP): The IPO is trading at a 39% premium in the unlisted market.
- Listing Date: Shares are set to list on January 20, 2025, on both the BSE and NSE.
Why Should You Invest in Laxmi Dental IPO?
Why invest in Laxmi Dental IPO? Well, there are many reasons to invest in the company’s IPO which you can understand through the points given below.
- Company Profile:
Laxmi Dental is a prominent end-to-end manufacturer of dental products, specializing in customized crowns, bridges, dental aligners, and pediatric dental products. It holds a significant position in this segment within India. - Market Potential:
The Indian dental care market is growing rapidly, driven by the increasing demand for customized dental products. - Brokerage Recommendations:
- Bajaj Broking: Recommends subscribing for the long term.
- BP Equities: Supports investment based on the company’s growth prospects.
- Fund Utilization:
The proceeds from the IPO will be used to repay debt, purchase new machinery, and meet corporate needs, improving the company’s capacity and product portfolio.
Key Figures of Laxmi Dental IPO
| Details | Information |
|---|---|
| Price Band | ₹407-₹428 per share |
| Issue Size | ₹698 crore |
| Funds from Anchor Book | ₹314.1 crore |
| Listing Date | January 20, 2025 |
| GMP (as of Jan 13, 2025) | 39% Premium |
| Day 1 Subscription | 3x |
| Customer Base | Leader in dental products |
Points to Consider Before Investing
- Market Risks:
Investing in IPOs is subject to market risks. While the GMP is stable, it may fluctuate at the time of listing. - Brokerage Advice:
Most brokerage firms recommend long-term investment in this IPO for potentially higher returns. - Company Performance:
The company’s strong history and demand for its products make it an attractive investment option.
It is advisable to evaluate the above points and consult your financial advisor before making an investment decision.
Conclusion
The Laxmi Dental IPO presents a golden opportunity for investors, especially those seeking long-term returns. The positive GMP and encouraging recommendations from brokerage firms add to its appeal. However, it is essential to assess market risks and your financial situation before investing.
The allocation for Laxmi Dental IPO is expected to be finalized on Thursday, January 16, 2025, with the listing on Monday, January 20, 2025, on the BSE and NSE. If you plan to invest in this IPO, conducting thorough research is highly recommended.
Disclaimer: This article is for informational purposes only. Please consult your financial advisor before investing.
