{"id":212911,"date":"2025-01-11T10:07:39","date_gmt":"2025-01-11T10:07:39","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/01\/11\/laxmi-dental-secures-rs-314-crore-from-anchor-investors-ahead-of-ipo-times-of-india\/"},"modified":"2025-01-11T10:07:39","modified_gmt":"2025-01-11T10:07:39","slug":"laxmi-dental-secures-rs-314-crore-from-anchor-investors-ahead-of-ipo-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/01\/11\/laxmi-dental-secures-rs-314-crore-from-anchor-investors-ahead-of-ipo-times-of-india\/","title":{"rendered":"Laxmi Dental secures Rs 314 crore from anchor investors ahead of IPO &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"400\" height=\"225\" src=\"https:\/\/i1.wp.com\/static.toiimg.com\/thumb\/msid-117145375,imgsize-426154,width-400,resizemode-4\/117145375.jpg?resize=400,225&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Laxmi Dental secures Rs 314 crore from anchor investors ahead of IPO &#8211; Times of India\" title=\"Laxmi Dental secures Rs 314 crore from anchor investors ahead of IPO &#8211; Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div>\n<div class=\"MwN2O\">\n<div class=\"vdo_embedd\">\n<div class=\"T22zO\">\n<section class=\"D3Wk1  clearfix id-r-component leadmedia undefined undefined  VtlfQ\" style=\"top:0px\">\n<div class=\"D3Wk1\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"zPaFh\">\n<div class=\"wJnIp\"><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>NEW DELHI: Laxmi Dental has raised Rs 314 crore through <!-- -->anchor investors<!-- --> prior to its <!-- -->public share offering<!-- -->. The anchor round participants included prominent names such as 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.<br \/>The Mumbai-based company allocated 73.39 lakh shares to 31 entities at Rs 428 per share, totalling Rs 314.12 crore, according to the circular.<br \/>The public subscription is scheduled for January 13 to January 15, with a price band of Rs 407-428 per share.<br \/>The IPO comprises a fresh <!-- -->equity share issue<!-- --> worth Rs 138 crore and an Offer for Sale (OFS) of 1.31 crore equity shares valued at Rs 560 crore by promoters Rajesh Vrajlal Khakhar, Sameer Kamlesh Merchant, and other shareholders, as stated in the Red Herring Prospectus (RHP).<br \/>OrbiMed Asia II Mauritius Ltd will also participate in the OFS of this leading B2C dental aligner company. The ownership structure shows promoters and promoter group holding 46.56 per cent, while public shareholders own 53.44 per cent.<br \/>The fresh issue proceeds will be used for debt repayment, capital expenditure funding, investment in subsidiary Bizdent Devices Pvt Ltd and general corporate requirements, as outlined in the RHP.<br \/>The company operates as an integrated <!-- -->dental products<!-- --> enterprise, offering custom-made crowns and bridges, branded dental products including aligner solutions and paediatric dental items. The company plans to list its shares on both BSE and NSE.<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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The anchor round participants included prominent names such as 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, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":212912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/thumb\/msid-117145375,imgsize-426154,width-400,resizemode-4\/117145375.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[203,35987,36391,289,1955,46571,168119,168118,273,6089,2799,52822,168117,168116,46,272],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/212911"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=212911"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/212911\/revisions"}],"predecessor-version":[{"id":212913,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/212911\/revisions\/212913"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/212912"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=212911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=212911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=212911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}