IPO Investment Detail: Great opportunity to invest money in the IPO of this company, you can get huge profits, know the details…

IPO Investment Detail: The Initial Public (IPO Investment Details) offer of Lakshmi Dental Limited will open on January 13. Investors will be able to bid for this issue till January 15. On January 20, the company's shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The company wants to raise a total of ₹ 698.06 crore through this issue. For this, the existing investors of the company are selling 1 thousand 30 lakh 85 thousand 467 shares worth ₹ 560.06 crore. Along with this, the company is issuing 32 lakh 24 thousand 299 new shares worth Rs 138 crore.

Know how much money can be invested?

Lakshmi Dental Limited has fixed the price band of IPO at ₹407-₹428. Retail investors can bid for a minimum of one lot i.e. 33 shares. If you apply for 1 lot as per the upper price band of IPO of ₹ 428, then you will have to invest ₹ 14 thousand 124 for this.

At the same time, retail investors can apply for a maximum of 14 lots i.e. 462 shares. For this, investors will have to invest Rs 1 lakh 97 thousand 736 according to the upper price band.

10 percent of the issue reserved for them (IPO Investment Details)

The company has reserved 75 percent of the IPO for Qualified Institutional Buyers (QIB). Apart from this, 10 percent share is reserved for retail investors and the remaining 15 percent share is reserved for non-institutional investors (NII).