Laxmi Dental's initial public offering (IPO) started its offer for subscriptions on Monday, January 13.
Laxmi Dental IPO So Far
A bid for a total of 2,07,46,176 shares has been offered against 89,70,371 shares. As per the National Stock Exchange data, the IPO has been subscribed 2.31 times.
The retail individual investors have bid for a total of 1,14,86,310 shares against the offer of 16,30,976 shares.
Nuvama Wealth Management Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited are the book-running lead managers of the Laxmi Dental IPO.
GMP
As according to Chittorgarh.com Laxmi Dental IPO's latest GMP or Grey Market Pricing Stood At Rs 135 per share.
No QIB Bookings Yet
Non Institutional Investors or NIIs, according to NSE have subscribed the IPO 3.78 times.
The Mumbai-based dental equipment maker raised more than Rs 314 crore from anchor investors prior to the opening of its initial share sale to the public.
The company is the second largest company in the dental laboratory business in India.
The Qualified Institutional Buyers part is yet to be booked.
IPO Details
Laxmi Dental IPO is a book-built issue of Rs 698.06 crores.
The IPO will close on Wednesday, January 15. The tentative date of allotment is Thursday, January 16. The tentative day of listing is next week, on Monday, January 20
The IPO has a face value of Rs 2 per share. In addition, it has a price band of Rs 407 to Rs 428 per share and has a lot size of 33 shares.
The minimum bid for retail investors is Rs 14,124 for one lot of 33 shares. The minimum bid for HNI or High Networth Individuals is 2,11,860 shares for 15 lots of 495 shares.
Companies that have received shares in the anchor round include, Abu Dhabi Investment Authority, Nomura, Goldman Sachs, Al Mehwar Commercial Investments, HDFC MF, Kotak MF, Mirae Asset MF, Tata MF, Birla Sunlife Insurance, Max Life Insurance, ICICI Prudential MF, HDFC MF, Aditya Birla Sun Life Mutual Fund (MF), and Natixis Investment Managers.
