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Laxmi Dental Limited IPO Date, Review, Price, Listing Details

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Laxmi Dental is set to launch its initial public offering (IPO), which is a book-built issue valued at Rs 698.06 crores. This offering includes a fresh issue of 0.32 crore shares, raising Rs 138.00 crores, in addition to an offer for sale of 1.31 crore shares, amounting to Rs 560.06 crores. As a prominent player in the dental care products industry, Laxmi Dental Limited is generating considerable interest due to its strong market position and promising growth potential. The subscription period for the Laxmi Dental IPO began on January 13, 2025, and will end on January 15, 2025. The allotment results are expected to be announced on Thursday, January 16, 2025. Following this, the shares of Laxmi Dental will be listed on both the BSE and NSE, with a provisional listing date set for Monday, January 20, 2025.

About Laxmi Dental Limited

Laxmi Dental Limited is a prominent entity in the dental care industry, having achieved considerable progress in its field. The company specializes in the production and distribution of premium dental products, including tools, equipment, and accessories. It has earned a reputation for delivering high-quality products, maintaining reliable performance, and increasing its market presence in India. As awareness of dental health continues to rise and the demand for professional dental services grows, Laxmi Dental is well-positioned to take advantage of the expanding market for its offerings, both within the country and abroad.


Laxmi Dental Limited IPO Details

Here are the key details about the IPO of Laxmi Dental Limited:

IPO Opening Date: Monday, January 13, 2025

IPO Closing Date: Wednesday, January 15, 2025

Price Band: Rs. 407 to Rs. 428 per share

Lot Size:33 Shares

Total Issue Size:  Rs. 1,63,09,766 shares

Face Value: Rs. 2 per equity share

Listing: The company will be listed on both the NSE and BSE.

Fresh Issue: 32,24,299 shares

Laxmi Dental`s IPO is expected to attract significant investor interest, considering the growing demand in the healthcare sector, particularly dental care.


IPO Subscription Details

The initial public offering (IPO) will be available for subscription for a specified duration, allowing investors to participate in the offering within this timeframe. It is essential to comprehend the various subscription categories.

QIB (Qualified Institutional Buyers): A considerable share of the initial public offering is allocated for institutional investors.
NII (Non-Institutional Investors): This category includes high-net-worth individuals (HNIs).
Retail Investors: A portion of the IPO is reserved for individual investors applying for shares up to a certain limit.

Use of IPO Proceeds

The capital generated from the initial public offering will be allocated for a range of purposes, including:

Expanding Manufacturing Capacity: Laxmi Dental plans to increase its production capabilities to meet rising demand.

Repayment of Debt: Part of the proceeds will be used to reduce the company`s outstanding debt.

Working Capital Requirements: The funds will also be allocated to meet the company`s working capital requirements.

General Corporate Purposes: A portion of the proceeds may be used for other corporate expenses.


Why Should You Invest in Laxmi Dental Limited IPO?

Here are some reasons why investors may consider subscribing to Laxmi Dental Limited`s IPO:

Strong Market Position: The company has an established reputation in the dental industry with a growing customer base.

Growing Sector: The demand for dental care and products is on the rise, particularly with increasing health consciousness among consumers.

Experienced Management: The company is led by an experienced management team with expertise in the dental industry.

Expansion Plans: Laxmi Dental plans to expand its production capacity and market reach, which could drive future growth.

However, as with any IPO, it is important to conduct thorough research and consult a financial advisor before making investment decisions.


How to Apply for Laxmi Dental Limited IPO?

Retail investors interested in participating in the Laxmi Dental Limited IPO can follow these steps:

1. Demat and Trading Account: Verify that you possess a Demat and trading account with an authorized stockbroker.

2. Bidding Process: During the designated IPO subscription period, access your broker`s platform and submit a bid for the IPO.

3. Application: Complete the application form by providing the necessary details, indicating the number of shares you wish to acquire, and selecting your preferred price band.

4. Payment: Process the payment for your IPO application using net banking or UPI.

5. Allotment: If your bid is successful, shares will be allocated to you and subsequently credited to your Demat account.


Conclusion

The initial public offering (IPO) of Laxmi Dental Limited presents a compelling opportunity for investors interested in the expanding dental care industry. Supported by a robust business framework, significant growth prospects, and a seasoned management team, this IPO is likely to garner substantial interest from investors. Nevertheless, it is essential to conduct thorough due diligence and evaluate the associated risks prior to making any investment in the IPO.

*Disclaimer: Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances.
Laxmi Dental Limited IPO Date, Review, Price, Listing Details
 
 
 
Posted on: 14-Jan-2025 | Posted by: NIFM | Comment('1')
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