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Business News/ Markets / Ipo/  Laxmi Dental Share Price Highlights: Stock ends at 551 apiece on NSE, 28.7% premium to IPO price
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Laxmi Dental Share Price Highlights: Stock ends at ₹551 apiece on NSE, 28.7% premium to IPO price

Laxmi Dental Share Price Highlights: Shares of Laxmi Dental debuted on the BSE and NSE stock exchanges today. Experts and the Laxmi Dental IPO GMP predict a successful share debut on the Indian stock exchange today.

Laxmi Dental Share Price Highlights: Laxmi Dental shares list on the bourses today. (https://www.laxmidentallimited.com/)Premium
Laxmi Dental Share Price Highlights: Laxmi Dental shares list on the bourses today. (https://www.laxmidentallimited.com/)

Laxmi Dental Share Price Highlights: Laxmi Dental share price made a bumper debut on the bourses today. On NSE, Laxmi Dental share price opened at 542 per share, 26.64% higher than the issue price of 428. On BSE, Laxmi Dental share price today opened at 528 apiece, up 23.36% than the issue price.

The stock ended listing day at 551 on NSE, a 28.7% premium to the IPO price of 428, and at 551.75 on BSE, a 28.91% premium.

The equity shares of Laxmi Dental Ltd made 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

20 Jan 2025, 03:48:58 PM IST

Laxmi Dental Share Price Highlights: Stock ends at ₹551 apiece on NSE, 28.7% premium to IPO price

The stock ended listing day at 551 on NSE, a 28.7% premium to the IPO price of 428, and at 551.75 on BSE, a 28.91% premium.

20 Jan 2025, 03:16:44 PM IST

Laxmi Dental Share Price Live Updates: All you need to know about Manufacturing Facilities

A significant portion of the company's revenue comes from dental products manufactured at six facilities: Three in Mira Road and two in Boisar, Maharashtra, and one in Kochi, Kerala.

20 Jan 2025, 03:00:01 PM IST

Laxmi Dental Share Price Live Updates: Check out some of the key risks

  • Regulatory Risks: The dental products industry is subject to extensive and dynamic regulations. Any non-compliance or regulatory changes could adversely impact operations. Also, non-compliance with healthcare or trading standards could affect operations.
  • Network Risk: Effectively growth in its Dental Network and raising income per dental entity are essential to the company's success. Inadequate cost-effectiveness could have a negative impact on company’s operational and financial outcomes.
  • Market Competition: Intense competition from global and local players could pressure margins.

20 Jan 2025, 02:44:05 PM IST

Laxmi Dental Share Price Live Updates: Stock Check

The stock was trading at 556.05 per share on NSE, marking a 2.59% increase at 14:42 IST, and at 554.90 per share on BSE, showing a 5.09% increase.

20 Jan 2025, 02:36:48 PM IST

Laxmi Dental Share Price Live Updates: Check out Investment Rationale of BP Equities

  • India's only integrated dental products company is well-positioned to capture industry tailwinds.
  • Second largest player in the domestic dental laboratory business.

20 Jan 2025, 02:18:47 PM IST

Laxmi Dental Share Price Live Updates: All you need to know about the firm's clients

The company serves a broad range of customers both in India and overseas. The company's customer base primarily consists of:

  • Dental clinics
  • Dental companies
  • Individual dentists

20 Jan 2025, 01:38:48 PM IST

Laxmi Dental Share Price Live Updates: History of the Company

  • From 2004 to 2024, the company evolved from a dental exports business, receiving its first FDA approval in 2004, to a leader in innovative dental solutions.
  • In 2011, it expanded to a larger facility in Mumbai, followed by the incorporation of its USA subsidiary in 2012.
  • By 2015, it achieved ISO 13485 certification and further enhanced operations in 2016 with a new advanced laboratory.

20 Jan 2025, 01:10:45 PM IST

Laxmi Dental Share Price Live Updates: Stock Check

The stock was trading at 560.20 per share on NSE, marking a 3.36% increase at 13:09 IST, and at 560.10 per share on BSE, showing a nearly 6.08% increase.

20 Jan 2025, 12:43:59 PM IST

Laxmi Dental Share Price Live Updates: Check out the firm's primary segments

  • Laboratory Offerings: Custom-made crowns, bridges, implant prostheses, removable prostheses, and veneers.
  • Aligner Solutions: Clear aligners, thermoforming sheets, aligner-related products, and 3D printing resins.
  • Pediatric Dental Products: Pediatric dental crowns.

20 Jan 2025, 12:21:19 PM IST

Laxmi Dental Share Price Live Updates: Check out investment rationales by Mehta Equities

  • The only integrated dental products company in India, well-positioned to capture industry tailwinds.
  • Second largest player in domestic laboratory business and largest export laboratory with increasing adoption of digital dentistry.
  • Vertically integrated diverse branded product portfolio.
  • Large Dental Network providing the company with competitive advantage in the market.

20 Jan 2025, 11:56:32 AM IST

Laxmi Dental Share Price Live Updates: Stock Check

The stock was trading at 560.40 per share on NSE, marking a 3.39% increase at 11:54 IST, and at 560.65 per share on BSE, showing a nearly 6.18% increase. 

20 Jan 2025, 11:38:29 AM IST

Laxmi Dental Share Price Live Updates: Check out investment rationale by Nirmal Bang

  • Strong R&D and technological capabilities enable developing a diverse product portfolio with innovation
  • Strong market presence & extending global reach to enhance its growth potential
  • Business to drive growth backed by both organic as well as inorganic growth, and favorable industry dynamics
  • Aims at leveraging digital platforms and customer centric approach
  • Strengthening penetration across Dental Network

20 Jan 2025, 11:17:46 AM IST

Laxmi Dental Share Price Live Updates: Here's what Prathamesh Masdekar, Research Analyst, Stoxbox says 

The company is set for an impressive market debut on January 20, 2025, with expectations of a 29% premium over its upper price band. We believe that factors such as the shift from the unorganized to the organized segment, greater awareness and adoption of dental aesthetics and a shift towards metal-free products are likely to drive growth for the company. We thus recommend that investors allotted shares consider holding their positions from a medium to long-term perspective.

20 Jan 2025, 10:51:29 AM IST

Laxmi Dental Share Price Live Updates: Stock Check 

The stock was trading at 575.90 per share on NSE, marking a 6.25% increase at 10:49 IST, and at 576 per share on BSE, showing a nearly 10.52% increase.

20 Jan 2025, 10:32:33 AM IST

Laxmi Dental Share Price Live Updates: Check out Prashanth Tapse's views 

Despite premium valuations and healthy response, Laxmi Dental listing was heathy in line with our expectations. While considering the volatile market trend, we recommend conservative allotted investors can think of booking profits above our expectations on listing day. While long term investors should consider to HOLD IT FOR LONG TERM despite knowing short term volatility post listing & risk in the markets. For non-allotted investors, we advise to accumulate if we get dips post listing due to profit booking attempts.

20 Jan 2025, 10:15:46 AM IST

Laxmi Dental Share Price Live Updates: Here's what Shivani Nyati of Swastika Investmart says about the issue 

The company made a good stock market debut, listing for Rs. 542 per share, a significant 26.6% premium over its issue price of Rs. 428. Those who took part in the initial public offering (IPO) may book part profit and hold with stoploss of 480.

20 Jan 2025, 10:00:03 AM IST

Laxmi Dental Share Price Live Updates: Stock makes a positive debut, opens with 26.64% premium at ₹542 on NSE

Laxmi Dental share price made a bumper debut on the bourses today. On NSE, Laxmi Dental share price opened at 542 per share, 26.64% higher than the issue price of 428. On BSE, Laxmi Dental share price today opened at 528 apiece, up 23.36% than the issue price.

20 Jan 2025, 09:48:58 AM IST

Laxmi Dental Share Price Live Updates: Check out issue details 

According to the Red Herring Prospectus (RHP), the IPO consists of an OFS of up to 1.31 crore equity shares worth 560 crore by promoters Rajesh Vrajlal Khakhar and Sameer Kamlesh Merchant, as well as other shareholders, in addition to a fresh issue of equity shares for up to 138 crore.

20 Jan 2025, 09:34:05 AM IST

Laxmi Dental Share Price Live Updates: Check out Prathamesh Masdekar, Research Analyst, Stoxbox comments

Laxmi Dental Ltd IPO has seen significant demand, oversubscribed by 114.14 times. The company is set for an impressive market debut today, with expectations of a 29% premium over its upper price band.

20 Jan 2025, 09:15:29 AM IST

Laxmi Dental Share Price Live Updates: Here's what Prashanth Tapse, Sr VP Research – Research Analyst at Mehta Equities Ltd says 

While considering the market trend and listing of standard glass lining we are expecting a healthy listing gain over and above 25% of its issue price. Hence we recommend conservative allotted investors can think of booking profits above our expectations on listing day.

20 Jan 2025, 08:56:52 AM IST

Laxmi Dental Share Price Live Updates: 8 key things to know about the issue

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20 Jan 2025, 08:38:37 AM IST

Laxmi Dental Share Price Live Updates: Here's what GMP signal ahead of listing 

Laxmi Dental IPO GMP today or grey market premium is +145. This indicates Laxmi Dental share price were trading at a premium of 145 in the grey market, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Laxmi Dental share price was indicated at 573 apiece, which is 33.88% higher than the IPO price of 428.

The current IPO GMP is going upward and anticipates a robust listing based on the grey market activity over the last 13 sessions. Experts on investorgain.com say that the lowest GMP is 119, while the highest is 165.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.

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