.jpeg)
Laxmi Dental IPO will begin next week; Know details
Laxmi Dental IPO: Laxmi Dental has reduced the size of its new issue from Rs 150 crore to Rs 138 crore. At the same time, the size of OFS has increased from 1.28 crore equity shares to about 1.31 crore shares. According to the company, the IPO can be subscribed till January 15. At the same time, bidding for anchor investors will open for one day on January 10.
Laxmi Dental, with investment from Orbimed, is bringing an IPO of Rs 698 crore. The company has fixed the price band for this at Rs 407-428 per share. Investors will have to bid for at least 33 equity shares to apply for the IPO. It can be subscribed from January 13 to January 17.
Laxmi Dental has reduced the size of its new issue from Rs 150 crore to Rs 138 crore. At the same time, the size of the OFS has increased from 1.28 crore equity shares to about 1.31 crore shares. According to the company, the IPO can be subscribed till January 15. At the same time, bidding for anchor investors will open for one day on January 10.
According to the Red Herring Prospectus (RHP) filed on January 7, the promoters of Lakshmi Dental - Rajesh Vrajlal Khakhar and Sameer Kamlesh Merchant, and other shareholders will also sell some stake in the IPO. Under the OFS, investor Orbimed Asia II Mauritius Limited will also sell shares of leading B2C dental aligner company Lakshmi Dental. Orbimed is one of the largest investors in the healthcare industry.
