Should you subscribe to Laxmi Dental IPO? Here's what Anil Singhvi suggests

Laxmi Dental IPO Review: The initial public offering of OrbiMed-backed Laxmi Dental Ltd (LDL), an end-to-end integrated dental product company, opened on Monday, January 13, and will be concluded this Wednesday, January 15. The Rs 698.06 crore public issue comprises a fresh issue of Rs 138 crores and an offer for sale (OFS) of Rs 560.06 crores. The price band of the IPO is between Rs 407 and Rs 428.

Should you apply it for long-term or listing gain? Check what Market wizard Anil Singhvi recommends:

Laxmi Dental IPO Subscription Status

On the first-day bidding process (January 13), it was subscribed 5.30 times, with a bid for 4,75,70,490 shares against the 89,70,371 shares. Category-wise, the Retail Individual Investors (RIIs) portion was subscribed 12.4 times, while the Non-Institutional Investors (NIIs), also known as HNIs, have applied 10.8 times. Meanwhile, the Qualified Institutional Buyers (QIBs) segment saw a subscription of 0.13 per cent.

As of 12:18 pm, the issue was subscribed 9.31 times on the second day of the bidding process.

Should you subscribe to Laxmi Dental IPO?

Zee Business Managing Editor Anil Singhvi has suggested subscribing to the issue for listing gains as well as from a long-term perspective. He is of the view that the IPO would garner a good response from investors similar to other small-sized IPOs.

Singhvi also outlined some positives and negatives of the company, here's the list:

Positives:

• Leading integrated dental product company
• Large network across the country
• Competitive pricing compared to international markets
• Use of innovative technology
• Strong growth prospects

Negatives:

• Competition from unorganised markets
• The company came into profit in FY24
• Valuations expensive on current pricing

Laxmi Dental IPO Key Details: Lot size, allotment & listing dates, more

Laxmi Dental IPO's key details are as follows:

• Lot Size: The minimum lot size is 33 shares.
• Listing Date: Laxmi Dental Ltd IPO will likely debut on January 20, 2025.
• Objective: The company plans to utilise the funds to reduce debt, invest in new equipment, and support corporate functions.
• Book Running Lead Managers: Nuvama Wealth Management, Motilal Oswal Investment Advisors, and SBI Capital Markets
• Registrar: Link Intime India is the registrar for the issue.

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