Laxmi Dental Ltd. has announced to tap the capital market with an Initial Public Offering (IPO) in the price band of ₹407 to ₹428 per equity share of face value of ₹2 each.
It is a B2C dental aligner company offering dental products like metal-free crowns, bridges and dentures.
Bids can be made for a minimum of 33 equity shares and in multiples of 33 equity shares thereafter.
The IPO will open on January 13 and close on January 15.
The total offer size of equity shares comprises of fresh issue aggregating up to ₹138 crore and offer for sale up to 1.31 lakh shares by selling shareholders. At the upper price band the size of the issue is the estimated at ₹698 crore.
The company proposes to utilise the net proceeds from the fresh issue towards funding, repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the company, investment in certain subsidiaries for the repayment/prepayment, in full or in part, of certain outstanding borrowings and funding the capital expenditure requirements for purchase of new machinery among others.
Published – January 08, 2025 06:30 pm IST
#Laxmi #Dental #sets #IPO #price #band #at407428 #share
