09-Jan-2025
2 mins read
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Laxmi Dental IPO GMP
The Laxmi Dental IPO GMP is Rs 51. The IPO GMP today indicates the huge interest of retail investors. You can check the latest IPO Grey Market Premium today online from the first day of subscription. If the subscription is oversubscribed, then Laxmi Dental IPO GMP might rise in the coming days.
Laxmi Dental IPO GMP Live status will indirectly impact the sentiments of the IPO investors. If the Grey Market Premium is quoting at 10% or above premium from issue price. Then the possibility of oversubscription increases.
However, if the Live IPO GMP quotes is below 10% premium, then most investors tend to lose interest in applying in the IPO and the probability of the under-subscription increases. Here, in Laxmi Dental IPO GMP is expected to quote the initial ticks at the 10% or above premium.
Also Read:
Laxmi Dental IPO FAQ
1. What are the details of the Laxmi Dental IPO?
Laxmi Dental IPO IPO is a book-built issue of Rs 698.06 crore. This issue is the combination of a fresh issue and an offer-for-sale. The fresh issue is of Rs 138 crore and offer-for-sale is of Rs 560.06 crore.
2. When will the Laxmi Dental IPO open and close?
Laxmi Dental IPO open date is Monday, 13 January 2025 and closing date is Wednesday, 15 January 2025. Initiation of refund date is 17 January 2025 and credit of shares will be on 17 January 2025.
3. What are the details of Laxmi Dental IPO Subscription Status?
Laxmi Dental IPO subscription status will be available after the IPO opens on 13 january 2025. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Non-Institutional investors.
4. Write the details of the IPO Allotment Status?
Laxmi Dental IPO allotment status will be finalised on January 16, 2025. The listing will be on the BSE and NSE platforms, the date is January 20, 2025. The registrar of this IPO is Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.
5. Who is the registrar and lead managers for Laxmi Dental IPO?
Laxmi Dental IPO registrar is Link Intime India Limited. On the date of allotment, Investors can click on the registrar's website and select the name of the company and enter PAN number or application ID to know their allotment status. The lead managers are Nuvama Wealth Management Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited.
What is an IPO GMP?
IPO GMP, full form is Initial Public Offering Grey Market Premium. It refers to the premium price at which shares of the upcoming IPO are getting traded. IPO GMP gives an idea to the investors of the official IPO listing price.
The grey market is an unregulated platform where traders buy IPO shares based on demand and supply and aim for listing gains. The IPO GMP indicates market sentiments and expectations of the upcoming IPO.
A high IPO GMP indicates strong interest of investors and expectation of positive listing in the stock exchange. Whereas, low IPO GMP indicates lack of interest of the investors. However, IPO GMP is very speculative and doesn’t guarantee actual listing outcomes