Dental products firm Laxmi Dental files draft papers with Sebi for IPO

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Dental products firm Laxmi Dental files draft papers with Sebi for IPO - Business Standard

Quick Summary:

The IPO is a combination of a fresh issue of equity shares worth Rs 150 crore and an offer for sale (OFS) of 1.28 crore shares by promoters and other shareholders, according to the draft red herring prospectus (DRHP) filed last week.

Dental products company Laxmi Dental Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).

As a part of the OFS, investor OrbiMed Asia II Mauritius Ltd will offload shares of the IPO-bound company.