The Laxmi Dental IPO is a book-built issue worth ₹698.06 crore, consisting of two parts:
- A fresh issue of 0.32 crore shares, totaling ₹138 crore.
- An offer for sale (OFS) of 1.31 crore shares, totaling ₹560.06 crore.
Key Details:
- IPO Subscription Dates: Opens on January 13, 2025, and closes on January 15, 2025.
- Allotment Date: Expected to be finalized on January 16, 2025.
- Listing Date: Tentatively set for January 20, 2025, on the BSE and NSE.
- Price Band: ₹407 to ₹428 per share.
- GMP is up by 40%
- Lot Sizes:
- Retail Investors: Minimum application of 33 shares, requiring a minimum investment of ₹14,124.
- sNII (small non-institutional investors): Minimum application of 15 lots (495 shares), requiring an investment of ₹2,11,860.
- bNII (large non-institutional investors): Minimum application of 71 lots (2,343 shares), requiring an investment of ₹10,02,804.
Lead Managers and Registrar:
The IPO is managed by Nuvama Wealth Management Limited, Motilal Oswal Investment Advisors Limited, and SBI Capital Markets Limited. Link Intime India Private Ltd is handling the registrar responsibilities.
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