Lakshmi Dental Limited IPO will open tomorrow i.e. January 13th. Investors will be able to bid on this issue until January 15. The company’s shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on January 20.
The company aims to raise a total of ₹698.06 crore through this issue. For this, the company’s existing investors are selling 1,30,85,467 shares worth ₹560.06 crore. Along with this, the company is issuing 32,24,299 new shares worth ₹138 crore.
If you are also planning to invest money in it, we tell you how much you can invest in it.
What is the minimum and maximum amount that can be invested?
Lakshmi Dental Limited has set the IPO price band at ₹407 to ₹428. Individual investors can bid on at least one lot, i.e. 33 shares. If you apply for 1 lot as per the upper IPO price band of ₹428, then you will need to invest ₹14,124.
At the same time, retail investors can apply for a maximum of 14 lots, or 462 shares. For this, investors will have to invest ₹1,97,736 as per the upper price band.
10% of the issue reserved for individual investors
The company has reserved 75% of the IPO for qualified institutional buyers (QIBs). Apart from this, 10% of the share is reserved for retail investors and the remaining 15% is reserved for non-institutional investors (NII).
Lakshmi Dental Limited was established in July 2004
Lakshmi Dental Limited is an integrated dental products company, established in July 2004. The company manufactures custom-made crowns and bridges, clear aligners, thermoforming sheets and other dental products such as pediatric dental products.
The company also offers machines to manufacture thermoforming sheets, biocompatible 3D printing resins and clear aligners under the Taglus brand. The company works on a fully integrated model, meaning it manages the entire process of dental products, from design and manufacturing to distribution.
What is IPO? When a company issues its shares to the general public for the first time, it is called an initial public offering, i.e. an IPO. The company needs money to expand its business. In such a situation, instead of taking a loan from the market, the company raises funds by selling some shares to the public or issuing new shares. For this, the company brings an IPO.