Laxmi Dental shares had a strong debut on Monday, listing at ₹528 on BSE with a 23% premium over the issue price of ₹428. On NSE, the shares opened at ₹542, reflecting a 26.64% premium.
Laxmi Dental Ltd IPO achieved a total subscription of 113.97 times on Day 3, Wednesday, January 15. Non-institutional investors subscribed 147.51 times, Qualified Institutional Buyers 110.38 times, and Retail Individual Investors 74.41 times, reflecting strong demand across all investor categories.
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Laxmi Dental Limited, established in July 2004, is an integrated dental products company offering custom crowns, bridges, clear aligners (Taglus), thermoforming sheets, and pediatric dental products. Operating six manufacturing units, it serves 22,000+ clinics across 320+ Indian cities and exports to 90+ countries, supported by 2,372 employees. The company follows a fully integrated operational model.
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Laxmi Dental Ltd IPO aims to repay borrowings, invest ₹4.6 crores in subsidiaries, fund ₹68.5 crores for new machinery, and support general corporate needs, enhancing operational efficiency and growth opportunities.
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