Laxmi Dental IPO Allotment Status: How to Check Online

The allotment status for the Laxmi Dental IPO will be available on Thursday, January 16, 2025. Investors can check their allotment status on the NSE, BSE, and their official registrar’s website, Link Intime. This IPO received an overwhelming market response, with a subscription rate of 114x by the end of Day 3. If you want to check the allotment, follow the simple steps outlined below.

How to Check Laxmi Dental IPO Allotment Status on NSE

Below are the steps to follow to check the Laxmi Dental IPO allotment status on NSE:

Step 1: Visit the NSE website page “Verify IPO Bids” 

Step 2: Select the IPO symbol LAXMIDENTL from the dropdown menu.

Step 3: Enter the PAN No. and Application No 

Step 4: Click Submit, 

Step 5: Once submitted, check the "Allotment Details" section in the bid details to view the Laxmi Dental IPO allotment status.

How to Check Laxmi Dental IPO Allotment Status on BSE

Here are the steps you need to follow to check the Laxmi Dental IPO allotment status on BSE

Step 1: Visit the BSE “Status of Issue Application” page.

Step 2: Select the issue type as “Equity.”

Step 3: Choose "Laxmi Dental" from the issue name section.

Step 4: Enter your IPO Application number or PAN number.

Step 5: Tick the “I’m not a robot” box to verify your identity.

Step 6: Click the “Search” button to view the Laxmi Dental IPO allotment status details.

How to Check Laxmi Dental IPO Allotment Status on Link Intime

Below are the steps to check the Laxmi Dental IPO allotment status on Link Intime:

Step 1: Visit the Link Intime “Public Issues page”.

Step 2: Select “Laxmi Dental” from the dropdown menu.

Step 3: Enter your PAN number or Application number.

Step 4: Click on “Submit” to check the Laxmi Dental IPO allotment status.

Laxmi Dental IPO Subscription

The Laxmi Dental IPO received a strong response from investors, with the issue being oversubscribed by 114 times. The subscription was driven by all categories of investors, with Non-Institutional Investors subscribing 147x, Qualified Institutional Buyers subscribing 110x, and Retail Individual Investors subscribing 75x.

Laxmi Dental IPO Details

• Open Date: Monday, January 13, 2025

• Close Date: Wednesday, January 15, 2025

• Allotment Date: Thursday, January 16, 2025

• Initiation of Refunds: Friday, January 17, 2025

• Credit of Shares to Demat: Friday, January 17, 2025

• Listing Date: Monday, January 20, 2025

Laxmi Dental IPO Listing Date and Projections

The Laxmi Dental IPO is set to be listed on the NSE and BSE on Monday, January 20, 2025. The last GMP of the company shows a positive sign for investors, with a return expected to be 29.44%.

Note: The Grey Market Premium (GMP) reflects market speculation and is not an official price.

Company Overview of Laxmi Dental IPO 

Laxmi Dental is India’s only end-to-end integrated dental products company, offering a comprehensive range of dental solutions. Its product portfolio includes custom-made crowns and bridges, branded dental products such as clear aligners, thermoforming sheets, aligner-related items as part of its aligner solutions, and pediatric dental products.

With over 20 years of brand presence, Laxmi Dental is one of the top two largest dental laboratories in India and the largest export laboratory. The company is seeing increasing adoption of digital dentistry.

As a vertically integrated dental aligner company, Laxmi Dental is the largest and most profitable homegrown B2B2C dental aligner provider in India. It operates in a highly fragmented market with over 50,000 small laboratories.

Laxmi Dental manufactures its products across six state-of-the-art facilities, covering 146,800 square feet.

Over the past three years, Laxmi Dental has built an extensive network, reaching over 20,000 dental clinics, companies, and dentists. It exports to more than 95 countries and has a sales presence in over 300 cities across India.