Laxmi Dental IPO Allotment Status

Summary

Laxmi Dental Limited, established in July 2004, stands as India's only integrated dental products company, offering a comprehensive range of dental solutions. Operating six manufacturing facilities across Mumbai, Boisar, and Kochi, along with five supporting facilities in major cities, the company serves over 22,000 dental clinics across more than 320 cities nationwide. Their product portfolio spans custom crowns and bridges, clear aligners under the Taglus brand, thermoforming sheets, and specialized pediatric dental products, with their reach extending to over 90 countries globally.

The company has launched its IPO with a total issue size of ₹698.06 crore, comprising a fresh issue of ₹138.00 crore and an offer for sale of ₹560.06 crore. The IPO opened on January 13, 2025, and closed on January 15, 2025. The allotment date for the Laxmi Dental IPO is set for Thursday, January 16, 2025.

Steps to Check Laxmi Dental IPO Allotment Status on Registrar Site

• Visit Link Intime India Private Ltd website.
• Select "Laxmi Dental IPO" from the dropdown menu.
• Enter your PAN ID, Demat Account Number, or Application Number.
• Complete the captcha verification and click "Submit."

Steps to Check Laxmi Dental IPO Allotment Status on BSE/NSE

• Visit the BSE or NSE IPO Allotment Page.
• Select "Laxmi Dental IPO" from the dropdown menu.
• Enter your Application Number and PAN ID.
• Confirm captcha and click "Search."

Laxmi Dental Subscription Status

The Laxmi Dental IPO received strong investor interest, being subscribed 114.14 times overall. Here is a category-wise breakdown of the subscription as of 6:19:09 PM on January 15, 2025:

• Retail Category: 75.10 times
• Qualified Institutional Buyers (QIB): 110.38 times
• Non-Institutional Investors (NII): 147.69 times

As of 6:19:09 PM

Utilisation of IPO Proceeds

The funds raised through the IPO will be utilized as follows:

• Debt Reduction: Repayment or prepayment of certain outstanding borrowings of the Company and its subsidiaries.
• Capital Expenditure: Funding requirements for purchasing new machinery for the Company.
• Subsidiary Investment: Supporting capital expenditure needs of Bizdent Devices Private Limited.
• General Corporate Purposes: Supporting various business objectives.

Laxmi Dental IPO - Listing Details

The shares are scheduled to list on January 20, 2025, on both BSE and NSE. The strong subscription rate of 114.14 times demonstrates significant investor confidence in Laxmi Dental's business model and growth prospects. As India's only integrated dental products company, they have shown impressive growth with revenue increasing from ₹138.07 crore in FY22 to ₹195.26 crore in FY24. The company's extensive dental network and international presence position it well for future growth. Investors can check their allotment status through the registrar's website or BSE/NSE on January 16, 2025. The shares are set to debut on January 20, 2025, marking an important milestone for the company in its journey to expand its dental solutions across India and globally.