Laxmi Dental Limited, a leading name in the dental products industry, recently concluded its Initial Public Offering (IPO) with overwhelming investor interest. The IPO, which opened on January 13 and closed on January 15, 2025, was oversubscribed, reflecting strong market confidence in the company’s growth prospects.
Allotment Status and How to Check It
The allotment of shares for the Laxmi Dental IPO is scheduled to be finalized on January 16, 2025. Investors eagerly awaiting the outcome can check their allotment status through the following methods:
- Registrar’s Website (Link Intime India Private Ltd):
- Visit the official portal: Link Intime IPO Allotment Status.
- Select ‘Laxmi Dental Limited’ from the dropdown menu.
- Choose to search by PAN, Application Number, or DP/Client ID.
- Enter the required details and click ‘Search’ to view your allotment status.
- BSE Website:
- Navigate to the BSE application status page: BSE Application Status.
- Select ‘Equity’ as the issue type and ‘Laxmi Dental Limited’ as the issue name.
- Enter your Application Number or PAN, verify you’re not a robot, and click ‘Search’ to view the status.
- NSE Website:
- Go to the NSE allotment status page: NSE Allotment Status.
- Select ‘Laxmi Dental Limited’ from the dropdown.
- Enter your PAN or Application Number, and click ‘Search’ to check your status.
Key Dates to Remember
- Allotment Finalization: January 16, 2025
- Initiation of Refunds: January 17, 2025
- Credit of Shares to Demat Accounts: January 17, 2025
- Expected Listing Date: January 20, 2025
Grey Market Premium (GMP) Insights
The Grey Market Premium (GMP) for Laxmi Dental shares has been a topic of interest among investors. As of the latest reports, the GMP stands at ₹127 per share, indicating a potential listing price of ₹555, which is a 29% premium over the issue price of ₹428 per share.
What to Do If You Don’t Receive an Allotment
In the event that you do not receive an allotment, the refund process will commence on January 17, 2025. Refunds are typically processed through the same bank account used for the IPO application. If you do not receive the refund within a few days post-initiation, it’s advisable to contact the registrar or your bank for further assistance.
Final Thoughts
The strong response to Laxmi Dental’s IPO underscores the company’s robust market position and growth potential. Investors are advised to stay informed about the allotment status and subsequent listing to make well-informed decisions. For the most accurate and up-to-date information, always refer to official sources and communications from Laxmi Dental Limited and the IPO registrar.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Investors are advised to conduct their own research or consult with a financial advisor before making investment decisions.
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