IPO of Laxmi Dentals: The initial public offering (IPO) of Laxmi Dental Limited will open next week on January 13, 2025 and will remain open till January 15, 2025. This means that the upcoming IPO will remain open for bids from Monday to Wednesday next week. The public issue is proposed to be listed on the BSE and the price band NSE and Laxmi Dental IPO has been fixed at ₹407 to ₹428 per equity share. The aim of the upcoming IPO is to raise capital ₹698.06 crore, of which ₹138 crore is expected from the issuance of new shares. The rest ₹560.06 crore has been earmarked for the OFS (offer for sale) route.
Meanwhile, ahead of the opening date of the Laxmi Dental IPO plan, the shares of the integrated dental product company are available in the gray market. According to stock market observers, shares of the company are available at a premium of ₹166 on the gray market today.
Laxmi Dental IPO Details
1] Laxmi Dental IPO GMP: According to stock market observers, shares of the company are available at a premium of ₹166 on the gray market today.
2]Laxmi Dental IPO Date: The public issue opens on Monday and will remain open next Wednesday at 5 p.m.
3]Laxmi Dentals IPO Price: The company’s upcoming IPO has a fixed price range of ₹407 to ₹428 per equity share.
4]Laxmi Dental IPO Size: The integrated dental products company aims to increase ₹698.06 crore, of which ₹138 crore is expected from the issuance of new shares. The rest ₹560.06 crore has been earmarked for the OFS (offer for sale) route.
5]Laxmi Dental IPO Lot Size: A bidder can apply in lots, and one lot of the upcoming IPO will consist of 33 company shares.
6]Laxmi Dental IPO Allotment Date: The most likely date for the completion of the share allocation is January 16, 2025.
7]Laxmi Dental IPO Registrar: Link Intime India Private Limited has appointed the official registrar of the upcoming IPO.
8]Laxmi Dental IPO Lead Executives: Nuvama Wealth Management, Motilal Oswal Investment Advisors and SBI Capital Market have been named Lead Managers of the upcoming IPO. ₹698.06 crore.
9]Laxmi Dental IPO Date: The most likely date for the listing of shares is January 20, 2025.
10]Laxmi Dental IPO Rating: The market capitalization of the bookbuild issue is ₹2,352.38 crore. Prior to the opening date of the issue, the issue of book creation has been raised ₹314.13 crore from anchor investors. In FY24, the company’s assets grew from ₹96.54 crore ₹134.52 crore, registering a growth of about 40 percent year-on-year. The company’s turnover grew from ₹163.84 crore ₹195.26 crore. The company’s net worth and PAT also witnessed strong growth in GY24. However, the company’s loans also grew during this period.
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