BAJAJ FINSERV DIRECT LIMITED
Latest IPO Information

Laxmi Dental Ltd. IPO

IPO Date: Jan 13 to Jan 15 2025

Listing Date: Jan 20 2025

Objective

1. Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by our Company.
2. Investment in certain Subsidiaries for the repayment/prepayment, in full or in part, of certain outstanding borrowings.
3. Funding the capital expenditure requirements for purchase of new machinery for our Company.*
4. Investment in our Subsidiary, Bizdent Devices Private Limited, for the capital expenditure requirements for the purchase of new machinery.*
5. General corporate purposes.

IPO Details

Face Value ₹ 2.00 Per Share
Issue Size ₹ 365.09 - 383.93 Cr
Price Band ₹ 407.00 - ₹ 428.00 Per Share
Market LOT 33 shares
Issue Type Book building

About Company

We are India’s only end-to-end integrated dental products company as at March 31, 2024, offering acomprehensive portfolio of dental products (Source: F&S Report). Our offerings include custom-made crowns and bridges, branded dental products such as clear aligners, thermoforming sheets and aligner related products asa part of aligner solutions, and paediatric dental products. We have a brand presence of more than 20 years andaccording to the F&S Report, we are amongst the top two largest dental laboratories in India based on revenue forthe Fiscal 2023. We are a vertically integrated dental alig .... ner company, and the largest and most profitableindigenous B2B2C dental aligner company in terms of revenue from operations and PAT Margin respectively forthe Fiscal 2023. (Source: F&S Report) We manufacture our dental products across our six manufacturing facilitiesspread across 146,804.42 square feet. Read More
Address

Office No. 103, Akruti Arcade, J. P. Road Opposite A. H. Wadia High School Andheri (West)

City

Mumbai

State

Maharashtra

Pincode

400058

Phone

022 61437991

Email

info@laxmidentallimited.com

Website

www.laxmidentallimited.com

About IPO

Lead Manager SBI Capital Markets Ltd
Promoters
Dharmesh Bhupendra Dattani
Rajesh Vrajlal Khakhar
Sameer Kamlesh Merchant

Promoter's Holding

Registrar

MUFG Intime India Pvt Ltd.

rnt.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/

Latest News

Aug
28
2026
EQUITY Posted on Aug 28th 2026

FIIs were net buyers of Rs 5014.95 crore in index futures and options segments on August 27

According to the data released by the NSE, the Foreign Institutional Investors (FIIs) were net buyers of Rs 5014.95 crore in index futures and options segments, as per Thursday’s data, August 27, 2026.

FIIs were net sellers of index futures to the tune of Rs 1871.04 crore and net buyers of index options worth Rs 6885.99 crore. In the stock segment, FII’s were net sellers of stock futures worth Rs 1714.67 crore and they sold stock options worth Rs 641.97 crore.

Read More
Aug
28
2026
EQUITY Posted on Aug 28th 2026

F&O total turnover stood at Rs 81,24,661.71 crore on August 27

Futures & Options (F&O) total turnover stood at 81,24,661.71 crore on August 27 and the total number of contracts traded on the day were 5,40,09,258.

Of the total turnover, Index Futures contributed Rs 9,860.85 crore, Stock Futures Rs 56,827.34 crore and Index Options Rs 77,32,889.32 crore, while the contribution of the Stock Options was of Rs 3,25,084.20 crore.

For the day, the total F&O Put Call ratio stood at 0.96, while the Index Options Put Call ratio was 1.01 and that of Stock Options was 0.54.

Read More
Aug
28
2026
ECONOMY Posted on Aug 28th 2026

S&P retains India’s sovereign rating at ‘BBB’ with stable outlook

S&P Global Ratings has retained India’s sovereign rating at ‘BBB’ with a stable outlook, and said that the country is a dynamic and fast-growing economy supported by policy stability and high infrastructure investment. In August last year, the rating agency upgraded India’s long-term sovereign credit rating to ‘BBB’ from ‘BBB-’, marking the first upgrade in 18 years. The ‘BBB’ rating is an investment-grade rating, indicating that India has adequate capacity to meet its financial commitments, although it remains more vulnerable to adverse economic conditions than higher-rated sovereigns. It said public investment and strong consumer momentum will underpin “solid” growth prospects for India over the next two to three years. It also expects policy continuity to support further economic reforms and fiscal consolidation.

Affirming its ‘BBB’ long-term and ‘A-2’ short-term unsolicited sovereign credit ratings on India, S&P said the ratings are anchored by the country’s dynamic and fast-growing economy, strong external balance sheet and stable institutions, which support policy predictability. The outlook on the long-term rating remains stable. The stable outlook reflects S&P’s view that continued policy stability and high infrastructure investment will support India’s long-term growth prospects. The agency said the government’s ability to fund large infrastructure investments without substantially widening the country’s current account deficit will be important. If India is able to significantly reduce its fiscal deficit while achieving these objectives, support for the sovereign rating will strengthen over time. It added that the growth outlook, together with stable fiscal and monetary policies that help moderate the government’s elevated debt and interest burden, will underpin the rating over the next 24 months.

The rating agency said high energy prices and challenging agricultural conditions are expected to marginally slow India’s growth this year, although the economy’s fundamentals are likely to remain sound and support robust growth over the next two to three years. It identified the government’s weak fiscal performance, high debt stock and low GDP per capita as key constraints on the sovereign rating. S&P said India remains one of the best-performing economies globally, although it expects GDP growth to slow to 6.6 per cent in the current fiscal year due to an ongoing energy shock and challenging agricultural conditions. The Indian economy grew 7.7 per cent in FY26.

According to S&P, more effective capital expenditure programmes, including greater participation from the private sector, could help address the widespread shortfall in physical infrastructure and, over time, enhance the economy’s productive capacity. The agency also noted that India faces gaps in the provision of basic services, particularly in rural areas. Improved physical infrastructure is a prerequisite for higher private investment and greater competitiveness. While India faces near-term inflationary pressures from elevated energy and food prices, S&P also expects inflation to remain within the Reserve Bank of India’s (RBI) target range.

Read More
Aug
27
2026
EQUITY Posted on Aug 27th 2026

Gujarat Intrux informs about newspaper cutting

Gujarat Intrux has informed that pursuant to the provisions of the Companies Act, 2013 and applicable circulars issued by MCA and SEBI, the Company has published the notice/ information requesting the shareholders to register their email addresses for receiving the Notice of the 34th Annual General Meeting of the Company and Annual Report for the year ended March 31, 2026. It has enclosed copy of Newspaper Cutting published in the Newspapers, The Indian Express: English language (Ahmadabad Edition) Dated August 27, 2026, Thursday and Financial Express: Gujarati language (Ahmadabad Edition) Dated August 27, 2026, Thursday.
The above information is a part of company’s filings submitted to BSE.
Read More
Aug
27
2026
EQUITY Posted on Aug 27th 2026

Machhar Industries informs about book closure

Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Machhar Industries has informed that the date for Register of Members and Share Transfer Books of the Company will remain closed from 16th September, 2026 to 22nd September, 2026 for the purpose of 18th Annual General Meeting for the financial year 2025-26.
The above information is a part of company’s filings submitted to BSE.
Read More
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Frequently Asked Questions

What is the issue size of Laxmi Dental Ltd. IPO?

The issue size of Laxmi Dental Ltd. IPO is ₹365.09 - 383.93 crore.

The Laxmi Dental Ltd. IPO opens for subscription on 2025-01-13 and closes on 2025-01-15.

The price range of Laxmi Dental Ltd. IPO is ₹407.00 to ₹428.00.

The lot size of Laxmi Dental Ltd. IPO is 33 shares.

The registrar of Laxmi Dental Ltd. IPO is MUFG Intime India Pvt Ltd..

Laxmi Dental Ltd. IPO will be listed on NSE .

You will typically receive a confirmation message or notification from your broker or trading platform shortly after placing your IPO order. This confirms that your application has been submitted successfully. You can also check the order status in the IPO section of your trading account or app.

Apply early with valid UPI and PAN before 2025-01-15 to increase your chances.

The listing date of Laxmi Dental Ltd. IPO is 2025-01-20.

An Initial Public Offering (IPO) is when a private company sells shares to the public for the first time, enabling investors to purchase these shares and gain partial ownership in the business. For instance, if a well-known tech firm wants to grow and requires additional funds, it might choose to go public through an IPO. During this process, investors can buy shares, and the company’s stock starts trading on the stock exchange on the day of the IPO listing.

Investors can apply for an IPO through their bank or brokerage account. Many trading platforms have a specific section for IPOs where users can submit their applications online.

The primary market is where shares are offered to the public for the first time via an IPO. After the IPO, shares are traded on the secondary market (stock exchange), where existing shareholders can sell to new buyers.

Investing in an IPO offers the opportunity to become an early investor in companies with high growth potential, at a price which may be lower than their post-listing market value. It provides a chance to participate in the company's growth journey from its early stages. However, IPO investments also come with inherent risks, such as market volatility and uncertainties about the company's future performance.

The price of an IPO is established through a systematic process known as "book building." In this method, investors bid within a given price range, and the final price is set based on demand and market conditions. Several factors play a crucial role in determining the IPO price, including:

Past Financial Performance: Evaluating the company's revenue, profits, and financial stability over time

Growth Potential: Assessing future prospects based on the company's business model and market opportunities

Industry Peers: Comparing valuation metrics with similar companies in the same sector

Larger Industry Picture: Analysing overall industry trends and economic conditions that could impact the company's performance

The lock-in period for IPO shares refers to a duration during which specific investors are restricted from selling their shares post-listing. This period varies based on the type of investor:

Promoters: The lock-in period for promoters ranges from 6 months to 18 months, ensuring their commitment to the company's long-term growth

Anchor Investors: Typically, anchor investors face a shorter lock-in period of 30 to 90 days, depending on regulatory norms and the specific IPO

IPOs can be volatile and may not perform as expected in the short term. Investors risk losing capital if the stock price drops after listing, especially if the company does not meet its growth projections.

Information on upcoming IPOs is often available through brokerage platforms, financial news sites, and regulatory bodies like SEBI, which publishes details on companies going public. You can also get these details under the upcoming IPO section on Bajaj Markets.

Eligibility for an IPO typically includes:

Retail Investors: Individuals who invest in smaller amounts, usually under the “retail investor” category, with certain limits

Qualified Institutional Buyers (QIBs): Entities like mutual funds, banks, and insurance companies, who invest large sums

Non-Institutional Investors (NIIs): High-net-worth individuals or entities investing above the retail threshold

Investors must have a Demat and trading account to apply, and in some cases, certain financial or residency qualifications may apply depending on local regulations.

SME (Small and Medium Enterprise) IPOs generally carry higher risk but may provide significant growth potential. Investors should research the company’s stability, financials, and sector risks, as SME stocks can be more volatile compared to large-cap companies.

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