NEW DELHI: Laxmi Dental has raised Rs 314 crore by way of anchor investors previous to it public share providingThe anchor spherical members included distinguished names comparable to Aditya Birla Sun Life MF, ICICI Prudential MF, HDFC MF, Kotak MF, Mirae Asset MF, Tata MF, Birla Sunlife Insurance, Max Life Insurance, Abu Dhabi Investment Authority, Nomura, Goldman Sachs, Al Mehwar Commercial Investments and Natixis Investment Managers.
The Mumbai-based firm allotted 73.39 lakh shares to 31 entities at Rs 428 per share, totaling Rs 314.12 crore, in accordance with the round.
The public subscription is scheduled for January 13 to January 15, with a value band of Rs 407-428 per share.
The IPO includes a contemporary fairness share challenge value Rs 138 crore and an Offer for Sale (OFS) of 1.31 crore fairness shares valued at Rs 560 crore by promoters Rajesh Vrajlal Khakhar, Sameer Kamlesh Merchant, and different shareholders, as said within the Red Herring Prospectus (RHP).
OrbiMed Asia II Mauritius Ltd will even take part within the OFS of this main B2C dental aligner firm. The possession construction reveals promoters and promoter group holding 46.56 per cent, whereas public shareholders personal 53.44 per cent.
The contemporary challenge proceeds will probably be used for debt reimbursement, capital expenditure funding, funding in subsidiary Bizdent Devices Pvt Ltd and common company necessities, as outlined within the RHP.
The firm operates as an built-in dental merchandise enterprise, providing customized-made crowns and bridges, branded dental merchandise together with aligner options and pediatric dental gadgets. The firm plans to listing its shares on each BSE and NSE.
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