As of January 13, 2025, the IPO market is a flurry of activity, especially because of the remarkable reaction to the Laxmi Dental IPO.

Let’s examine the main points and developments related to this and other recent initial public offerings.

Laxmi Dental IPO: An Exciting First Day

Demand for the Laxmi Dental IPO was so great that it was oversubscribed 5.28 times by 5 PM.

Over 4.73 crore shares were bought on in the auction, significantly more than the 89.7 lakh shares that were up for grabs.

Retail Investors: 12.4 times oversubscribed

Non-Institutional Investors (NIIs): 10.85 times oversubscribed
13% of subscribers were qualified institutional buyers (QIBs).

An offer-for-sale (OFS) of 1.31 crore shares and a new issuance of 32 lakh shares priced at ₹138 crore make up this book-built issue, which has a total value of ₹560.06 crore.

Price range for each share: ₹407 to ₹428

Lot Size: For individual investors, a minimum of 33 shares

Share allocation is anticipated by January 16 and a listing on the BSE and NSE is planned for January 20. The initial public offering (IPO) is scheduled to close on January 15.

Day 2 of Barflex Polyfilms’ IPO: Consistent Development

By day two, the Barflex Polyfilms Ltd. SME IPO had more than four times the subscription rate, demonstrating strong traction.

Retail Sector: Seven times oversubscribed

NII Segment: Booked over 3 times

Sat Kartar Shopping IPO: Outstanding Demand on the Second Day

Demand for Sat Kartar Shopping Ltd’s ₹33.8-crore SME IPO was exceptional; at the end of the bidding process, it had oversubscribed by more than 42 times.

Individual Investors: Oversubscribed 65 times
NII Segment: Booked 44.5 times

QIBs: More than two subscriptions

With a lot size of 1,600 shares, the IPO is priced between ₹77 and ₹81 per share.

The company is scheduled to debut on the NSE SME platform on January 17 after the bidding ends on January 14.

Stellar IPO Listing for Indobell Insulation

In contrast to the issue price of ₹46, Indobell Insulation Ltd. shares debuted on the BSE SME platform at a 90% premium of ₹87.4 per share. At ₹91.77, the stock reached the upper circuit after a 5% jump.

With over 54 subscriptions during its January 6–8 launch, this ₹10.14-crore IPO practically doubled investors’ money

Standard Glass Lining Technology: Impressive Debut

Standard Glass Lining Technology Ltd made a strong market debut, listing at a 23% premium at ₹172 per share on the NSE, compared to its issue price of ₹140.

BSE Listing Price: ₹176, up 25.71%
The ₹410.05-crore IPO was oversubscribed 183 times, reflecting robust investor sentiment.

In conclusion

Strong investor interest and successful listings across a number of offerings made January 13 a busy day in the IPO market.

The primary market is still a popular destination for both institutional and retail investors, as evidenced by the numerous IPOs that are still gaining pace.