Laxmi Dental Share Price Live Updates: The equity shares of Laxmi Dental Ltd are poised to make their debut into the Indian stock market today following a remarkable response to its initial public offering (IPO). The listing date for the Laxmi Dental IPO is today, January 20. 

The IPO of Laxmi Dental Ltd achieved a subscription rate of 113.97 times on the final day of bidding, which was Wednesday, January 15. The segment allocated for non-institutional investors saw a subscription rate of 147.51 times, while the category for Qualified Institutional Buyers (QIBs) was subscribed 110.38 times. The allocation for Retail Individual Investors (RIIs) received a subscription rate of 74.41 times.

The Laxmi Dental IPO was completely subscribed within minutes after it opened for bidding on Monday. Backed by OrbiMed, Laxmi Dental has raised just over ₹314 crore from anchor investors. The price range for the issue is set between ₹407 and ₹428 per share. This IPO consists of a fresh equity share issuance of up to ₹138 crore and an Offer For Sale (OFS) of up to 1.31 crore equity shares valued at ₹560 crore, involving promoters Rajesh Vrajlal Khakhar, Sameer Kamlesh Merchant, and other shareholders, as detailed in the Red Herring Prospectus (RHP).

Laxmi Dental is a fully integrated company that offers a wide range of dental products, including tailor-made crowns and bridges, as well as well-known dental items such as aligner solutions and products for pediatric dentistry.

Stay tuned for more updates