Upcoming IPOs: Laxmi Dental Will List Its First Issue On January 13 And Here Are The Details About The Price Band

Laxmi Dental’s first bid for investors will open on January 13, 2025, and January 15, 2025. Public applications or bids will be accepted by the company during this time frame. It is set to be the company’s first offering of this type to the general public.

The company hopes to make sales of over $30 billion, based on earlier projections, as reported by PTI. The organization which is supported by OrbiMed also informed the BSE that a large number of domestic mutual funds, foreign corporations and insurance providers took part in the Anchor Round.

Rundele’s Financial Supporting Institutions

During the anchor round, shares were distributed to other organizations like Abu Dhabi Investment Authority, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Aditya Birla Sun Life Mutual Fund, Max Life Insurance, Nomura, AI Mehwar Commercial Investments, Goldman Sachs, Kotak Mutual Fund, Mirae Asset Mutual Fund and Natixis Investment Managers.

At Rs 428 per share, 73.39 lakh shares were issued to 31 institutions, totaling Rs 314.12 crore.

Initial Public Offer of Laxmi Dental

The offer has been set at Rs 428 a share compared to the issue’s Rs 407 lower limit. This signifies an expansion of Rs 560 crores worth of equity shares through fresh issuance along with OFS components of worth up to Rs 138 crores. The Equity shareholders of Rajesh Vrajlal Khakhar, Sameer Kamlesh Merchant and several other endorsers will bring the OFS component into the deal.

It’s clear that RHP document collaborates keenly with the firm’s investment strategy since stating that the plan aims to pay off its borrowings, fund it’s Bizdent Devices Pvt Ltd business unit, and finance capital expenditures. And other allocations of the funds are primarily related to standard portfolio associated expenses.

The OFS components deal is spearheaded by Nuvama Wealth Management Limited, Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited. The company’s shares will be listed on BSE and NSE on January 20, 2025 with Link Intime India Private Ltd assuming the role of the Listing registrar.