New version: Laxmi Dental is launching an IPO with a total size of Rs 698.06 crores. This includes a fresh issue of 0.32 crore shares worth Rs 138.00 crores and an offer for sale of 1.31 crore shares totaling Rs 560.06 crores. The Laxmi Dental IPO will be open for subscription from January 13, 2025, to January 15, 2025. Allotments are expected to be finalized on Thursday, January 16, 2025, and the shares will be listed on the BSE and NSE, with a tentative listing date set for Monday, January 20, 2025. The price band for the Laxmi Dental IPO is established at ₹407 to ₹428 per share. Investors must apply for a minimum of 33 shares, which requires a minimum investment of ₹14,124. For small and medium-sized non-institutional investors (sNII), the minimum investment is 15 lots (495 shares), totaling ₹2,11,860, while for big non-institutional investors (bNII), it is 71 lots (2,343 shares), amounting to ₹10,02,804. The book running lead managers for the Laxmi Dental IPO are Nuvama Wealth Management Limited, Motilal Oswal Investment Advisors Limited, and SBI Capital Markets Limited, with Link Intime India Private Ltd serving as the registrar for the issue.
| IPO Date | January 13, 2025 to January 15, 2025 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | ₹407 to ₹428 per share |
| Lot Size | 33 Shares |
| Total Issue Size | 1,63,09,766 shares (aggregating up to ₹698.06 Cr) |
| Fresh Issue | 32,24,299 shares (aggregating up to ₹ 138.00 Cr) |
| Offer for Sale | 1,30,85,467 shares of ₹2 (aggregating up to ₹560.06 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 5,17,37,850 shares |
| Share Holding Post Issue | 5,49,62,149 shares |
Laxmi Dental IPO opens on January 13, 2025, and closes on January 15, 2025.
| IPO Open Date | Monday, January 13, 2025 |
| IPO Close Date | Wednesday, January 15, 2025 |
| Basis of Allotment | Thursday, January 16, 2025 |
| Initiation of Refunds | Friday, January 17, 2025 |
| Credit of Shares to Demat | Friday, January 17, 2025 |
| Listing Date | Monday, January 20, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 15, 2025 |
Investors can bid for a minimum of 33 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application Type | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 33 | ₹14,124 |
| Retail (Max) | 14 | 462 | ₹1,97,736 |
| S-HNI (Min) | 15 | 495 | ₹2,11,860 |
| S-HNI (Max) | 70 | 2,310 | ₹9,88,680 |
| B-HNI (Min) | 71 | 2,343 | ₹10,02,804 |
1. Expanding Healthcare Market:
The dental care industry in India is witnessing remarkable growth, fueled by increased awareness, rising disposable incomes, and a greater focus on oral health. Laxmi Dental is well-positioned to capitalize on this positive trend.
2. Strong Financial Performance and Market Presence: With a robust operational history and an expanding market share, Laxmi Dental’s financial stability and strategic vision suggest a bright future for growth.
3. Appealing Valuation: The share price range of ₹407 to ₹428 offers investors a good entry point, considering the company’s upcoming opportunities.
4. Experienced Lead Managers: The involvement of reputable lead managers ensures a smooth IPO process, boosting the chances of a successful listing.
Investors can apply for the Laxmi Dental IPO through ASBA (Application Supported by Blocked Amount) via their bank or trading platform. Ensure UPI mandates are confirmed before the cut-off time at 5 PM on January 15, 2025.
Laxmi Dental IPO offers a promising investment opportunity, supported by strong lead managers and a reputable registrar. With a diverse allocation for retail, HNI, and institutional investors, this IPO is set to attract significant interest. Be sure to review the Laxmi Dental IPO RHP (Red Herring Prospectus) for detailed insights before making your investment decision.
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Registered Office:
3-1-309/310, Tara Kaushalya Nivas,
Nimboliadda, Kachiguda, Hyderabad-500027
Contact: +916300169336
E-mail: admin@4rinvestments.in
Mumbai Office:
C/o.15B,5B, 1st Floor, Royal Industrial Estate,
Sewree Wadala Road No.26, Wadala(West),
Mumbai-400031
@2023 4R Investments. All right reserved.
Website by Vrinda Techapps
