Laxmi Dental Limited

Initial Public Offering

Service

January 2025

Date

Healthcare

Sector

INR 6,980 MN

Deal Value

Laxmi Dental Limited

Nuvama Contribution:

  • Adding to our strong track record of bringing several 1st business stories and Healthcare IPOs to the Indian capital markets, Nuvama successfully leads the 1st IPO of a Dental Products Company in India – This is our 4th deal@ in Pharma & Healthcare space in the last 45 days
  • As the left-lead banker, hand-held the Company in end-to-end execution, swift regulatory approvals, thereby ensuring timely launch
  • Nuvama leveraged its domain expertise by uniquely positioning Laxmi Dental as one of India’s Largest and only end-to-end integrated dental products company with a comprehensive portfolio of products
  • Nuvama garnered participation from a diverse investor set including Sovereign Wealth Fund, Marquee ‘Long Only’ FIIs, and Mutual Fund – Procured 3 out of 5 largest FII bids in the Anchor Segment
  • Pushed the story aggressively through our distribution channel to garner strong interest in HNI & Retail category resulting in 32 lakh+ applications#

Deal Details:

  • Highest subscribed Healthcare IPO in India over the last 2 decades$
  • Deal saw strong participation across investor categories garnering more than INR 44,000 crs# – QIB – ~110x*, HNI – ~147x*, Retail – ~75x*
  • Company saw stellar IPO Listing with equity shares opening at 27%^ premium showcasing investor confidence in Company’s business and management team


*After technical Rejections; #Before Technical Rejections; ^NSE Prices are considered on listing day; $Since Jan, 2000
@IPO and QIP deals;