IPO News: Laxmi Dental Set to Open Public Listing, Know Price Band and Details

IPO News: If you are thinking about investing in an Initial Public Offering (IPO), the upcoming IPO of Lakshmi Dental could be a good option. The company intends to collect Rs 698.6 crore through this sale, which will begin on January 13, with Rs 560.6 crore from shares sold by current investors and Rs 138 crore from fresh issue shares. The IPO price ranges between Rs 407 and Rs 428 per share, with a minimum investment of Rs 14,124 for one lot of 33 shares. 

Laxmi Dental IPO Details

Investors can put bids until January 15, with allotments completed on January 16, share credits to Demat accounts on the same day, and refunds for unallotted shares handled by January 17. The company’s shares are planned to be listed on the BSE and NSE on January 20. The share distribution for this IPO is organized as follows: 75% is set aside for Qualified Institutional Buyers (QIBs), 10% for retail investors, and 15% for non-institutional investors.