The Laxmi Dental Ltd initial public offering received a subscription of 1.66 times on its opening day, with retail investors oversubscribing by 5.35 times. The IPO, priced at ₹407-₹428 per share, closes on January 15 and aims to raise ₹698 crore, including ₹138 crore from fresh issuance. Proceeds will repay debt, fund capital expenditure, and invest in its subsidiary. Strong demand signals positive sentiment for this B2C dental product leader.
