Mumbai12 minutes ago
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The IPO of Lakshmi Dental Limited will open tomorrow i.e. on 13th January. Investors will be able to bid for this issue till January 15. The company’s shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on January 20.
The company wants to raise a total of ₹698.06 crore through this issue. For this, the existing investors of the company are selling 1,30,85,467 shares worth ₹560.06 crore. Along with this, the company is issuing 32,24,299 fresh shares worth ₹138 crore.
If you are also planning to invest money in it, then we are telling you how much you can invest in it.
What is the minimum and maximum amount that can be invested?
Lakshmi Dental Limited has fixed the IPO price band at ₹407-₹428. Retail investors can bid for a minimum of one lot i.e. 33 shares. If you apply for 1 lot as per the upper price band of IPO of ₹ 428, then you will have to invest ₹ 14,124.
At the same time, retail investors can apply for maximum 14 lots i.e. 462 shares. For this, investors will have to invest ₹ 1,97,736 as per the upper price band.
10% of the issue reserved for retail investors
The company has reserved 75% of the IPO for Qualified Institutional Buyers (QIB). Apart from this, 10% share is reserved for retail investors and the remaining 15% share 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 crowns and bridges, clear aligners, thermoforming sheets and other dental products such as pediatric dental.
The company also provides machines to make thermoforming sheets, biocompatible 3D printing resins and clear aligners under the Taglus brand name. The company works on a fully integrated model, which means they handle 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 Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking loan from the market, the company raises money by selling some shares to the public or issuing new shares. For this the company brings IPO.