₹314 crore from anchor investors. The price range for the issue is set between ₹407 and ₹428 per share.
This IPO consists of a fresh equity share issuance of up to ₹138 crore and an Offer For Sale (OFS) of up to 1.31 crore equity shares valued at ₹560 crore, involving promoters Rajesh Vrajlal Khakhar, Sameer Kamlesh Merchant, and other shareholders, as detailed in the Red Herring Prospectus (RHP).Laxmi Dental is a fully integrated company that offers a wide range of dental products, including tailor-made crowns and bridges, as well as well-known dental items such as aligner solutions and products for pediatric dentistry.Stay tuned for more updatesLaxmi Dental IPO GMP today or grey market premium is +145. This indicates Laxmi Dental share price were trading at a premium of ₹145 in the grey market, according to investorgain.com.Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Laxmi Dental share price was indicated at ₹573 apiece, which is 33.88% higher than the IPO price of ₹428.The current IPO GMP is going upward and anticipates a robust listing based on the grey market activity over the last 13 sessions.
Experts on investorgain.com say that the lowest GMP is ₹119, while the highest is ₹165.'Grey market premium' indicates investors' readiness to pay more than the issue price.Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
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