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Shares of Mumbai-based Laxmi Dental Limited IPO have been listed today on both the stock exchanges - National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Shares of Laxmi Dental were listed on both these stock exchanges today at a premium price compared to the issue price. The company had fixed the issue price for this IPO at ₹428 per share. In this way, those investors who got the allotment of this IPO have made good profits from this listing on the very first day. Before listing, the promoter's shareholding in the company was 46.56%, which has now come down to 41.7%.
This Laxmi Dental Limited share was listed on NSE at ₹542 per share (26.6%). On the other hand, this share was listed on BSE at ₹528 per share (23.36).
Strong demand has been seen among investors for this IPO, which received 114.42 times subscription on the last day of bidding. Laxmi Dental had fixed a price band of ₹407-428 per share for this IPO and through this the company intends to raise ₹698 crore. How much was subscribed The Qualified Institutional Buyers (QIBs) segment of Laxmi Dental IPO was subscribed 110.38 times, the Non-Institutional Investors (NIIs) segment was subscribed 147.95 times, while the retail segment was subscribed 76.23 times. Laxmi Dental IPO included fresh issue and offer for sale. The company has issued 138 crore fresh shares, while 1.31 shares have been sold through OFS.
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