Money

Laxmi Dental IPO Day 2: Subscription Surges Over 7x, GMP Rises 33%


The Laxmi Dental IPO has witnessed an overwhelming response as it entered the second day of its subscription on January 14, 2025.

With investors showing significant enthusiasm, the IPO has already been subscribed 4.48 times by the end of Day 2, with strong participation across multiple investor categories.

Robust Investor Demand

The retail individual investor (RII) category led the way, being subscribed a remarkable 11.43 times. This indicates heightened interest and confidence from small investors.

Non-institutional investors (NII) followed closely with 8.57 times subscription. However, the qualified institutional buyer (QIB) category lagged slightly, recording a subscription of 0.13 times.

Grey Market Premium Soars

In the grey market, Laxmi Dental shares have seen a notable jump in their premium. On January 13, 2025, the grey market premium (GMP) stood at ₹150, implying an estimated listing price of ₹578.

This is a significant 35.05% premium over the issue price of ₹428, showcasing strong market optimism around the IPO.

Key Dates and Details

  • IPO Period: The Laxmi Dental IPO opened for subscription on January 13, 2025, and is set to close on January 15, 2025.
  • Basis of Allotment: Expected to be finalized on January 16, 2025.
  • Refunds: Initiation of refunds is scheduled for January 17, 2025.
  • Demat Credit: Shares are anticipated to be credited to successful applicants’ demat accounts on January 18, 2025.
  • Listing Date: The company’s shares are planned to debut on the stock exchanges on January 20, 2025.

About Laxmi Dental

Laxmi Dental is a leading player in the dental products and equipment manufacturing industry.

With this IPO, the company aims to raise funds to fuel its growth plans, including capacity expansion, debt reduction, and strengthening its research and development capabilities.

Market Sentiment

The soaring grey market premium and the enthusiastic subscription levels underscore the strong investor sentiment toward the IPO.

However, experts caution that GMP values are unofficial and subject to market fluctuations, and they advise investors to make informed decisions.

The subscription trend and grey market buzz indicate a promising start for Laxmi Dental as it prepares for its listing.

All eyes are now on how the company’s shares perform post-listing on January 20, 2025.

Also Read

Angel One Reports Mixed Q3FY25 Results: Net Profit Up 8% YoY to ₹281 Crore

Adani Power Shares Surge 12% Amid Positive Market Sentiment

theafricalogistics

Recent Posts

The Best Fuel Management System Tools for Fleets in 2025

Fuel remains one of the largest operational expenses for fleets. With rising fuel prices and…

2 minutes ago

ASST Stock Skyrockets After $1.3B Merger — What’s Fueling Strive’s Market Momentum?

The financial markets are buzzing as ASST stock, the ticker symbol for Strive Asset Management,…

9 hours ago

Delta Flight Attendant Slide Deployment: Human Error and Costly Lessons

The recent Delta flight attendant slide deployment incident has drawn global attention, sparking conversations about…

9 hours ago

Google Stock Surges as Investor Confidence Grows Following Tech Sector Rally

Alphabet Inc. (NASDAQ: GOOGL), the parent company of Google, saw its shares surge on Friday,…

3 days ago

Is a 2.8% COLA Enough to Beat Inflation in 2026?

The Social Security Administration (SSA) has confirmed a 2.8% cost-of-living adjustment (COLA) for 2026, impacting…

3 days ago

How Alaska Airlines’ Outage Exposed a Hidden Risk for African Airlines

Alaska Airlines was forced to cancel more than 360 flights after a major IT outage…

3 days ago