Fairchem Organics Ltd, Ramco Systems Ltd, Go Digit General Insurance Ltd and Texmaco Infrastructure & Holdings Ltd are among the other gainers in the BSE's 'B' group today, 23 January 2025.Laxmi Dental Ltd surged 11.82% to Rs 549 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 3.62 lakh shares were traded on the counter so far as against the average daily volumes of 7.96 lakh shares in the past one month. Fairchem Organics Ltd spiked 10.00% to Rs 1166.75. The stock was the second biggest gainer in 'B' group. On the BSE, 6401 shares were traded on the counter so far as against the average daily volumes of 3106 shares in the past one month. Ramco Systems Ltd soared 9.59% to Rs 414.65. The stock was the third biggest gainer in 'B' group. On the BSE, 5290 shares were traded on the counter so far as against the average daily volumes of 4587 shares in the past one month. Go Digit General Insurance Ltd exploded 8.00% to Rs 309.1. The stock was the fourth biggest gainer in 'B' group. On the BSE, 5.55 lakh shares were traded on the counter so far as against the average daily volumes of 5.97 lakh shares in the past one month. Texmaco Infrastructure & Holdings Ltd added 7.92% to Rs 128.15. The stock was the fifth biggest gainer in 'B' group. On the BSE, 20055 shares were traded on the counter so far as against the average daily volumes of 33166 shares in the past one month. Powered by Capital Market - Live

The scrip was listed at Rs 528, exhibiting a premium of 23.36% to the issue price. So far, the stock has hit a high of 559.40 and a low of 524.80. On the BSE, over 8.12 lakh shares of the company were traded in the counter so far. The initial public offer (IPO) of Laxmi Dental was subscribed 114.42 times.The issue opened for bidding on 13 January 2025 and it closed on 15 January 2025. The price band of the IPO was fixed between Rs 407 and 428 per share. The IPO comprised a fresh issue of equity shares worth up to Rs 138 crore and an offer for sale of 1,30,85,467 equity shares aggregating up to Rs 560.06 crore by existing shareholders. The objectives of the fresh issue include Rs 22.98 crore for the repayment or prepayment of certain outstanding borrowings, Rs 4.6 crore for investment in certain subsidiaries, Rs 43.5 crore for funding the capital expenditure requirements for the purchase of new machinery, Rs 25 crore for investment in the subsidiary, Bizdent Devices, for its capital expenditure requirements, and the remaining amount for general corporate purposes. Ahead of the IPO, Laxmi Dental on Friday, 10 January 2025, raised Rs 314.12 crore from anchor investors. The board allotted 73.39 lakh shares at Rs 428 each to 31 anchor investors. Laxmi Dental is an integrated dental products company. It offers a comprehensive portfolio of dental products, including custom-made crowns and bridges, branded dental products such as clear aligners, thermoforming sheets, and aligner-related products as a part of aligner solutions, and paediatric dental products. The firm reported a consolidated net profit of Rs 22.74 crore and sales of Rs 116.78 crore for the six months ended on 31 September 2024.Powered by Capital Market - Live

The equity shares of Laxmi Dental (Scrip Code: 544339) are listed effective 20 January 2025 and admitted to dealings on the Exchange in the list of ''B'' Group of Securities. The issue was subscribed 114.42 times. The IPO comprised a fresh issue of equity shares worth up to Rs 138 crore and an offer for sale of 1,30,85,467 equity shares aggregating up to Rs 560.06 crore by existing shareholders.Powered by Capital Market - Live