Laxmi Dental shares list at 23% premium over issue price
Laxmi Dental Ltd on Monday saw a decent stock market debut as the stock got listed at Rs 528 on BSE, a premium of 23.36 per cent over its issue price of Rs 428 (upper price band). The dental products player received a strong response from the investors during its three-day bidding process.
The initial public offering (IPO) of Laxmi Dental was open for bidding between January 13 and January 15. It had offered its shares in the price band of Rs 407-428 per share with a lot size of 33 shares. The company raised a total of Rs 698.06 crore from its IPO, which includes a fresh share sale of Rs 138 and an offer-for-sale (OFS) of up to 1,30,85,476 equity shares.
The IPO was overall subscribed a whopping 114.42 times, thanks to an all-round…
