Laxmi Dental IPO set to open; bidding dates, price band, issue size, other details
The has launched initial public offering (IPO) with a price band of Rs 407- Rs 428/share.
The share sale window of OrbiMed-backed Laxmi Dental will open on Monday, January 13, 2025, to raise Rs 698 crore and will conclude on January 15, 2025.
The company has launched the initial public offering (IPO) with a price band of Rs 407- Rs 428/share.
The company has revised the size of its fresh issuance from Rs 150 crore to 138 crore while increasing the offer-for-sale (OFS) component from 1.28 crore equity shares to nearly 1.31 crore shares.
Currently, the promoters and promoter group hold a 46.56 per cent stake in Laxmi Dental, while public shareholders own the remaining 53.44 per cent.
Proceeds from the fresh issue will be used to repay debt, fund capital expenditure, invest in the company’s subsidiary Bizdent Devices Pvt Ltd, and for general corporate purposes.
BRMLs Details
The IPO is managed by Nuvama Wealth Management, Motilal Oswal Investment Advisors, and SBI Capital Markets as book-running lead managers. MUFG Intime India Pvt Ltd is the registrar for the issue.
What does Laxmi Dental do?
Laxmi Dental is an integrated dental products company with a diverse portfolio that includes custom-made crowns and bridges, branded aligner solutions, and pediatric dental products.
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