Laxmi Dental Ltd - IPO

Laxmi Dental Ltd IPO Details

Initial public offering of up to 16,309,766 equity shares of face value of Re. 2/- each (Equity) of Laxmi Dental Limited (the Company or the Issuer) for cash at a price of Rs. 428.00 per equity share including a share premium of Rs. 426.00 per equity share (the Offer Price) aggregating up to Rs. 698.06 crores (the Offer). The offer comprises of a fresh issue of up to 3,224,29 equity shares of face value of Re. 2/- each by the company aggregating up to Rs. 138.00 crores (the Fresh Issue) and an offer for sale of up to 13,085,467 equity shares of face value of Re. 2/- each (the Offered Shares) aggregating up to Rs. 560.06 crores (the Offer for Sale), comprising of up to 196,604 equity shares of face value of Re. 2/- each aggregating up to Rs. 8.41 crores by Rajesh Vrajlal Khakhar, up to 434,598 equity shares of face value of Rs. 2/- each aggregating up to Rs. 18.60 crores by Sameer Kamlesh Merchant (Together the Promoter Selling Shareholders), up to 239,838 equity shares of face value of Re. 2/- each aggregating up to Rs. 10.26 crores by Jigna Rajesh Khakhar, up to 150,040 equity shares of face value of Re. 2/- each aggregating up to Rs. 6.42 crores by Hasmukh Vrajlal Khakhar, up to 150,040 equity shares of face value of Re. 2/- each aggregating up to Rs. 6.42 crores by Amrish Mahendrabhai Desai, up to 150,040 equity shares of face value of Re. 2/- each aggregating up to Rs. 6.42 crores by parag Jamnadas Bhimjiyani, up to 150,040 equity shares of face value of Re. 2/- each aggregating up to Rs. 6.42 crores by Kunal Kamlesh Merchant (Together the Other Selling Shareholders), up to 11,614,267 equity shares of face value of Re. 2/- each aggregating up to Rs. 497.09 crores by Orbimed Asia II Mauritius Limited (the Investor Selling Shareholder) (the Promoter Selling Shareholders, the Investor Selling Shareholder and the Other Selling Shareholders, Collectively Referred to as the Selling Shareholders) (the Offer for Sale, and Together with the Fresh Issue, the Offer). The offer will constitute 29.67 % of the post-offer paid-up equity share capital of the company. The Issue Price is Rs. 428 per equity share of face value of Rs. 2 each.The issue price is 214 times the face value of the equity shares.Bid can be made for a minimum of 33 equity shares and in multiples of 33 equity shares.

Objective of issue

Repayment/prepayment in full or in part of certain outstanding borrowings availed by the company. Investment in certain subsidiary for the repayment/prepayment in full or in part of certain outstanding borrowings. Funding the capital expenditure requirements for purchase of new machinery for the company. Investment in its subsidiary Bizdent Devices Pvt Ltd for the exp requirements for the purchase of new machinery. General corporate purposes.

Laxmi Dental Ltd Contact Details

Laxmi Dental Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - co.sec@laxmidentallimited.com

Website - www.laxmidentallimited.com