Laxmi Dental IPO
Laxmi Dental Limited (LAXMIDENTL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 20 January 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +49.4% (likely range +25% to +88%), day's high +59.4%, chance of a gain 97%. Actual: +26.6% at the open, +36.5% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 48,92,931 | 54,00,81,366 | 110x | |
| NII (HNI) total | 24,46,464 | 36,19,65,549 | 148x | |
| Big NII (above ₹10 lakh) | 16,30,976 | 27,34,89,216 | 168x | |
| Small NII (₹2-10 lakh) | 8,15,488 | 8,84,76,333 | 108x | |
| Retail | 16,30,976 | 12,43,37,400 | 76.2x | |
| Total | 89,70,371 | 1,02,63,84,315 | 114x |
Bids on NSE and BSE together, as published by NSE, as of 15 Jan 2025, 07:00 PM. Shares offered exclude the anchor portion. 10% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Laxmi Dental's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Awfis Space SolutionsMay 2024 | 117x | 130x | 54.6x | 109x | ₹599 Cr | +13.6% | +17.9% |
| Le Travenues TechnologyJun 2024 | 107x | 111x | 54.8x | 98.3x | ₹740 Cr | +48.5% | +78.2% |
| Exicom TelesystemsFeb 2024 | 122x | 153x | 120x | 130x | ₹480 Cr | +86.6% | +93.3% |
| Senores PharmaceuticalsDec 2024 | 94.7x | 96.3x | 90.5x | 93.7x | ₹603 Cr | +53.5% | +55.9% |
| Arkade DevelopersSep 2024 | 163x | 163x | 51.4x | 107x | ₹434 Cr | +36.7% | +48.4% |
| Utkarsh Small Finance BankJul 2023 | 125x | 81.6x | 72.1x | 102x | ₹543 Cr | +60.0% | +92.0% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Nuvama Wealth Management | 35 | +11.9% | 66% |
| Motilal Oswal Investment Advisors | 47 | +15.0% | 72% |
| SBI Capital Markets | 56 | +16.7% | 61% |
Offer documents (NSE)
Frequently asked
What is the Laxmi Dental IPO price band and lot size? ₹407–428 per share, with a lot of 33 shares, so the smallest retail bid is ₹14,124.
How many times has it been subscribed? 114x overall: QIB 110x, NII 148x, retail 76.2x.
How did it list? It opened at ₹542, +26.6% against the issue price of ₹428, and closed its first day +28.6%.
