IPO Calendar: 3 new issues, 8 listings investors' need to watch out for next week

The primary market will see three new IPOs opening for subscription next week including two in the SME segment. Apart from these new issues, the Street will also witness 8 listings.

Going forward, the IPO momentum for the rest of the year looks strong with 28 companies proposing to raise Rs 46,000 crore are presently holding Sebi approval and another 80 companies looking to raise about Rs 1,32,000 crore are awaiting the regulator's approval.

Here's what to look forward to on IPO front next week

Laxmi Dental IPO

The initial public offering (IPO) of Mumbai-based dental products firm Laxmi Dental will open for public bidding on Monday, January 10. The company aims to raise Rs 698 crore through a combination of fresh equity issuance and an offer for sale (OFS), and its stock will get listed on both the NSE and BSE platforms on January 20.

Laxmi Dental's IPO includes a fresh issue of equity shares valued at Rs 138 crore and an offer for sale (OFS) of 1.3 crore shares, amounting to Rs 560.06 crore. As part of the OFS, promoters Sameer Kamlesh Merchant and Rajesh Vrajlal Khakhar, along with investor OrbiMed Asia II Mauritius, will divest their stake.

The company has fixed the IPO price band at Rs 407-Rs 428 per share.

The funds raised will be utilized for debt repayment by the company and select subsidiaries, financing capital expenditures for new machinery purchases, investing in the subsidiary Bizdent Devices Pvt Ltd, and meeting general corporate purposes.

Laxmi Dental is a fully integrated dental products company, offering a wide-ranging portfolio that includes pediatric dental products and custom-made crowns and bridges.

Motilal Oswal Investment Advisors, Nuvama Wealth Management, and SBI Capital Markets are serving as the book-running lead managers for the issue, with Link Intime India acting as the registrar.

SME segment

In the SME segment, a total of 2 IPOs are set to open for subscription. The IPO of Kabra Jewels, which is priced at Rs 128 apiece, will kick-off from January 15. Meanwhile, EMA Partners' public offer will be available for bidding from January 17.

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