What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Laxmi Dental Limited IPO allotment date?

The basis of allotment for Laxmi Dental Limited IPO is scheduled to be finalized on 16 Jan 2025.

Where can I check Laxmi Dental Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Link Intime India Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 17 Jan 2025.

Laxmi Dental Limited

ListedMainboard

Healthcare · NSE / BSE

Founded on July 8, 2004, Laxmi Dental has grown to become India's only fully integrated dental products company. It offers a wide variety of products, including custom crowns and bridges, clear aligners, thermoforming sheets, aligner accessories, and specialized dental products for children. With over 20 years of experience, the company has expanded its reach globally, exporting to over 95 countries and serving more than 300 cities in India between 2022 and 2024. Laxmi Dental operates six modern manufacturing facilities across Maharashtra and Kerala, covering over 146,000 square feet, as well as additional facilities in Mumbai, Delhi, Bengaluru, and Ahmedabad. Today, it is a trusted partner for over 20,000 dental clinics and professionals. Ranked among India's top dental labs by revenue in 2023, Laxmi Dental continues to lead in innovation and quality, backed by a team of 2,299 employees as of March 31, 2024.

Price Band

₹407 – ₹428

Issue Size

₹698 Cr

Lot Size

33 shares

GMP

₹145

+33.9%

Est. Listing

₹573

at current GMP

Subscribed

114.42x

overall

Open

13 Jan 2025

15 Jan 2025

Allotment

16 Jan 2025

Refund

17 Jan 2025

Demat Credit

18 Jan 2025

Listing

20 Jan 2025

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Laxmi Dental Limited Allotment Status

Designated Registrar: Link Intime India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

16 Jan 2025

Basis finalization

Refunds Initiate

17 Jan 2025

Mandate release

Demat Credit

18 Jan 2025

Shares in demat

Listing Debut

20 Jan 2025

Trading begins

How to Check Laxmi Dental Limited IPO Allotment Status

Click the Check on Registrar button above to visit Link Intime India Private Limited's allotment portal.
Select Laxmi Dental Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Laxmi Dental Limited Public Issue & Market Profile

Laxmi Dental Limited is bringing an initial public offering (IPO) in the Healthcare sector with an aggregate issue size of ₹698.06 Crores. The shares are offered at a price band of ₹407 to ₹428 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 33 shares (approx. ₹14,124 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-01-18, while un-allotted funds or UPI block mandates will be released on 2025-01-17.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.