Trilegal advised on the initial public offering of equity shares by Laxmi Dental Limited (“Laxmi Dental”) comprising fresh issue and offer for sale by existing shareholders including Orbimed Asia Fund aggregating to INR 6.98 billion.
Laxmi Dental is India’s only end – to – end integrated dental products company offering comprehensive portfolio including custom-made crowns and bridges, branded dental product and paediatric dental products. It is amongst the top two largest Indian dental laboratories.
The IPO proceeds will be used for repayment or prepayment of certain outstanding borrowings, funding capital expenditure for purchasing new machinery and for general corporate purposes. The equity shares were listed on the bourses and saw ~27% listing premium.
Trilegal advised a syndicate of book running lead managers, which comprised Nuvama Wealth Management Limited, Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited.
The Trilegal Capital Market team was led by our Partner, Richa Choudhary, and comprised Avanti Kale and Maitreya Rajurkar, Counsels; Pooja Tada, Yug Gambhir and Kartikeya Anshu, Associates.
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Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.
Trilegal has been recognised as M&A Firm of the Year by IFLR Asia-Pacific 2024; Best Overall Law Firms by India Business Law Journal (IBLJ) 2024; Innovative Lawyers Asia-Pacific by Financial Times (FT) 2024; Law Firm of the Year by Deal Volume by VCCircle Awards 2024; India Deal Firm of the Year by Asian Legal Business (ALB) India Law Awards 2023; Best Law Firms to Work by Vahura 2022; Firm of the year for Client Service Excellence by Asia Law Awards 2021.
For more information, please get in touch with Anoop Siddak Singh Tuli | Mob: +91-9535377422 | BD@trilegal.com
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