Laxmi Dental aligns well in its niche and is building scale, but offer pricing aggressive

 

Laxmi Dental, backed by OrbiMed, is an integrated dental products company with operations in both India and international markets. The company is launching a ₹698 crore IPO, consisting of a ₹138 crore fresh issue and a ₹560 crore offer for sale, which will reduce the promoter shareholding from 46.5% to 42.6%.