Reason of Laxmi Dental share price spike
- There might be possibilities that good listing gains and financial background foster buyers to buy Laxmi Dental shares, paving the way for a high share price today.
- also, as per the Shivani Nyati, Head of Wealth at Swastika Investmart, statement that Laxmi Dental Ltd is one of the second largest domestic laboratory businesses and the leading export laboratory in India, that could be a reason of share price spike.
- Notably, that company has transformed their position from losses to profitability, financially led buyers buying shares and think about Laxmi Dental as a long-term profit.
Laxmi Dental IPO Details
Laxmi Dental IPO was a mainboard IPO, started on 13th January 2025 to 16th January 2025. This IPO had an issue size of ₹698.06 Cr, wherein fresh issue ₹138.00 Cr and OFS ₹ 560.06 Cr. Laxmi Dental IPO price band fixed ₹428, conversely listed with ₹542 against cutoff price by offering 26% premium to allotees.
Undoubtedly, it was listed on ₹542, though it got down due to uncertainty in the stock market. however, now it has an increment with the time, and also it might soar along with market stability, therefore Laxmi Dental stock could be in investors’ portfolio as a long-term profit.
As per screener, Laxmi Dental has good ROE within 3 years, reaching 26%, on the flip side, in this company, their promoters’ size has been decreased.
About Laxmi Dental
Laxmi Dental is one of the leading platforms in terms of providing dental products, including custom-made crowns and bridges, and also they offer branded dental products, named Clear Aligners, thermoforming sheets, aligner-related products as part of aligner solutions, and pediatric dental products.
The revenue of LAXMI DENTAL LTD. for FY24 reached Rs 1,953 million, marking a 19.2% increase from Rs 1,638 million in FY23.
