Laxmi Dental raises Rs 314 crore from anchor investors ahead of IPO
Aditya Birla Sun Life Mutual Fund (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, among others, have been allotted shares in the anchor round.
Going by the circular, Mumbai-based Laxmi Dental has allotted 73.39 lakh shares to 31 entities at Rs 428 per equity share, aggregating the transaction size to Rs 314.12 crore.
The issue with a price band of Rs 407-428 per scrip will open for public subscription on January 13 and conclude on January 15.
The IPO is a combination of a fresh issue of equity shares for up to Rs 138 crore and an OFS of up to 1.31 crore equity shares worth Rs 560 crore by promoters — Rajesh Vrajlal Khakhar and Sameer Kamlesh Merchant, and other shareholders, according to the Red Herring Prospectus (RHP).
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