09-Jan-2025
2 mins read
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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.
Laxmi Dental IPO FAQ
1. What are the details of the Laxmi Dental IPO?
Laxmi Dental 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 is 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.
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 Subscription?
The IPO subscription is a process by which investors bid for shares of the company during its first public offer. Investors from the different categories like retail, institutional and non-institutional apply for shares within the IPO price-band. The level of subscription is measured in terms of how many times shares offered are applied.
A higher subscription time in a specific category reflects strong investors' interest and high demand. Whereas, low subscription reflects lack of demand and under subscription. The subscription data is updated daily which drives the investors sentiment while applying for any IPO.