The shares of one of the leading players in the Healthcare sector, specializes in providing high-quality dental care services and products, is in focus following the bulk deal of a 13.86 lakh shares involving Goldman Sachs
Price action
With a market capitalization of Rs. 3,026.49 crores on Tuesday, the shares of Laxmi Dental Limited is trading at Rs. 543 down by 2.3 percent making a low of Rs. 537.75 per share compared to its previous closing price of Rs. 550.55 per share.
What happened
They recently experienced a bulk deal in which Goldman Sachs bought a stake. In this transaction, approximately 1,386,597 shares were bought at Rs. 545.66 each, resulting in a total value of around Rs. 75.66 Crores.
About the company
Laxmi Dental Limited is dedicated to offering comprehensive dental services, including preventive care, cosmetic dentistry, implants, and orthodontics. The company focuses on utilizing state-of-the-art technology and skilled professionals to provide effective and personalized treatments.
IPO details
Laxmi Dental’s IPO has been completed, with a lot size of 33 shares and an issue price of Rs. 428]. The IPO was open for bidding from 13th Jan 25 to 15th Jan 25. The minimum investment required was Rs. 13,431, and the price range was Rs. 407- 428. The total issue size amounted to 698.06 Crores.
The IPO was subscribed 113.69 times and the IPO listing price was Rs. 542 with a listing gains of 26.64 percent.
Financials
The company’s revenue rose by 10.3 percent from Rs 163.84 crore from FY23 to Rs 195.26 FY24 crore in. Meanwhile, Net profit rose from loss of Rs 18.36 crores FY23 to profit of Rs 24.78 crore during the same period.
Written by Sridhar J
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