Lakshmi Dental Shares of have made a great start in the stock market. The company’s shares were listed at Rs 528 on BSE with a premium of over 23 per cent, while on NSE they were listed at Rs 542 with a premium of 26.64 per cent. The share price of Lakshmi Dental during the IPO was Rs 428. The IPO opened on January 13, 2025 and remained available till January 15. The public issue of Lakshmi Dental was worth Rs 698.06 crore.
After spectacular listing, the price of company’s shares increased further
After the listing, shares of Lakshmi Dental rose to Rs 559.40 on BSE and Rs 549 on NSE. Before the IPO, the promoters’ stake in the company was 46.56 percent, which has now come down to 41.7 percent.
Received 114 times more subscription on IPO
Lakshmi Dental’s IPO was subscribed a total of 114.14 times. Retail investors’ quota was subscribed 75.1 times, while non-institutional investors (NII) category subscribed 147.69 times. Qualified Institutional Buyers (QIB) category received 110.38 times subscription. Retail investors had the option to place bets for a minimum of 1 lot and a maximum of 14 lots. There were 33 shares in one lot, meaning retail investors had to invest Rs 14,124 for one lot.
Lakshmi Dental Activities
Lakshmi Dental was established in July 2004. It is an integrated dental products company that provides custom crowns and bridges, and other branded dental items. The company operates under a completely integrated model. As per data available as of September 30, 2024, the company’s dental network comprises more than 22,000 clinics, and it employs a total of 2,372 employees across its various departments.
