IPO Investment: Great opportunity to invest in this company’s IPO, you can get huge profits.Laxmi Dental Limited’s Initial Public Offer i.e. IPO will open on January 13. Investors will be able to bid for this issue till January 15. On January 20, the company’s shares will be listed on the Bombay Stock Exchange and the National Stock Exchange.
IPO Investment
The company wants to raise a total of ₹ 698.06 crores through this issue. For this, the existing investors of the company are selling 1 thousand 30 lakh 85 thousand 467 shares worth ₹ 560.06 crores. Along with this, the company is issuing 32 lakh 24 thousand 299 new shares worth 138 crores.
Laxmi Dental Limited has fixed the price band of the IPO 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 thousand 124 for it.
At the same time, retail investors can apply for a maximum of 14 lots i.e. 462 shares. For this, investors will have to invest 1 lakh 97 thousand 736 as per the upper price band.
The company has reserved 75 percent of the IPO for qualified institutional buyers. Apart from this, 10 percent is reserved for retail investors and the remaining 15 percent is reserved for non-institutional investors (NII). IPO Investment: Great opportunity to invest in this company’s IPO, you can get huge profits.
