IPO Frenzy in the Market: Laxmi Dental and SME Issues Shine!

The Laxmi Dental IPO was a blockbuster hit! It closed with an incredible 114 times oversubscription. Investors were excited as over 102 crore shares were bid for, against just 89.7 lakh shares available. Retail investors played a huge role, oversubscribing their portion 74 times. Non-institutional investors were even more enthusiastic, booking their shares nearly 147 times.

Kabra Jewels Ltd, a jewelry company, made a strong debut in the SME IPO market. On the first day itself, the issue was subscribed more than 12 times! Retail investors showed massive interest, oversubscribing their portion 11 times. With a price band of ₹121 to ₹128 per share, the IPO closes on January 17.

Rikhav Securities Ltd, a financial services provider, also had a fantastic opening day. Its IPO was oversubscribed 8 times. Retail investors were especially keen, oversubscribing their category nearly 14 times. This SME IPO is priced between ₹82 and ₹86 per share and closes on January 17.

Barflex Polyfilms Ltd saw an extraordinary response. The IPO closed today with an incredible 151 times oversubscription! Retail investors oversubscribed their category by nearly 98 times, while non-institutional investors booked their shares a whopping 373 times.

Sat Kartar Shopping Ltd, known for Ayurvedic and wellness products, had its IPO oversubscribed 332 times. Investors are eagerly waiting for the allotment, which is expected to be finalised today.

The primary market is buzzing with excitement as investors continue to show immense interest in IPOs across sectors. With multiple listings scheduled soon, all eyes are on how these stocks perform post-listing.