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.
Laxmi Dental IPO: Fully Subscribed in Minutes
