The Laxmi Dental IPO will open for subscription from January 13, 2025, to January 15, 2025. This book-built issue IPO has a face value of ₹2 per share, with a price band set between ₹407 and ₹428 per share. Investors can apply in lots of 33 shares, with a minimum investment of ₹14,124 for retail applicants, while the maximum allocation for retail investors is 14 lots or 462 shares, amounting to ₹1,97,736. The total issue size comprises 1,63,09,766 shares, aggregating up to ₹698.06 crore, which includes a fresh issue of 32,24,299 shares (₹138.00 crore) and an offer for sale of 1,30,85,467 shares (₹560.06 crore).
In terms of reservation, up to 75% of the net offer is allocated for Qualified Institutional Buyers (QIBs), a minimum of 15% for Non-Institutional Investors (NIIs), and at least 10% for retail investors. Key dates include the basis of allotment on January 16, 2025, initiation of refunds and credit of shares to demat accounts on January 17, 2025, and the IPO listing on January 20, 2025.
Incorporated in July 2004, Laxmi Dental Limited is an integrated dental products company offering a wide range of dental solutions. The company’s diverse portfolio includes custom crowns and bridges, branded dental items like clear aligners and thermoforming sheets, aligner-related products, and pediatric dental products.
Laxmi Dental Limited’s offerings span multiple categories, including:
Under its brand Taglus, the company manufactures thermoforming sheets, biocompatible 3D printing resins, and machines used in the production of clear aligners.
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.