Dental products firm Laxmi Dental gets Sebi's go ahead to float IPO

Quick Summary:

Dental products company Laxmi Dental Ltd has received Sebi's go-ahead to raise funds through an initial public offering (IPO), an update with the markets regulator showed on Monday.

The proposed 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).

As per the update, Laxmi Dental, which filed preliminary IPO papers with Sebi in September, obtained its observation on December 12.

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Category: BusinessFinance

Markets: IndiaMauritius

Topics: Sebi Laxmi Dental Laxmi Dental IPO Recent IPO

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 17:27:59 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 360 words

Reading Time: 2 minutes read

Sentences: 17 lines

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News ID: 24431517

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