Laxmi Dental Ltd., a leading dental products company in India, has announced its initial public offering (IPO). The price band for the IPO is set between ₹407 and ₹428 per share, with each share having a face value of ₹2. The IPO subscription will open on Monday, January 13, 2025, and close on Wednesday, January 15, 2025.
Key Highlights of the IPO
- Price Band: ₹407 to ₹428 per share.
- Lot Size: Investors need to buy a minimum of 33 shares or in multiples of 33 shares thereafter.
- Minimum Investment: ₹14,124 for 33 shares at the upper price band.
- IPO Size: ₹698.06 crore, including a fresh issue of ₹138 crore and an Offer for Sale (OFS) of ₹560.06 crore.
- Non-Institutional Investors (NII) have 15% of the shares set aside.
- 10% of the shares are designated for Retail Investors.
- Qualified Institutional Buyers (QIBs) are assigned 75% of the shares.
Timeline for the IPO
- Anchor Investor Allocation: Scheduled for Friday, January 10, 2025.
- Refunds: Initiated on Friday, January 17, 2025.
- Credit of Shares: Shares will be credited to investors’ demat accounts on the same day as refunds.
- Listing Date: Laxmi Dental shares will likely list on the NSE and BSE on Monday, January 20, 2025.
The allotment process will be finalized on Thursday, January 16, 2025.
Laxmi Dental Ltd. It is a prominent supplier of dental products in India. The company specializes in products such as custom-designed crowns, bridges, clear aligners, thermoforming sheets, and other dental appliances. It is known for its innovative solutions and is the largest indigenous provider of aligner solutions in India.
Laxmi Dental Ltd.’s IPO offers an opportunity to invest in a leading dental products company with a strong presence in India. With its growth-focused strategy and reasonable valuation compared to industry peers, the IPO might attract significant attention from investors.
