Initial Success Signals High Demand Laxmi Dental Ltd’s initial public offering (IPO) has experienced overwhelming demand as it reached a subscription rate of 16.02 times by the second day of bidding. The non-institutional category saw an impressive 37.41 times oversubscription, while retail investors participated significantly, leading to a 29.47 times subscription rate. Qualified Institutional Buyers (QIBs) also showed strong interest,