Dental products company Laxmi Dental Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO is a combination of a fresh issue of equity shares worth Rs 150 crore and an offer for sale (OFS) of 1.28 crore shares by promoters and other shareholders, according to the draft red herring prospectus (DRHP) filed last week. As a part of the OFS, investor OrbiMed Asia II Mauritius Ltd will offload shares of the IPO-bound company. Besides, the company may consider raising Rs 30 crore in a pre-IPO placement round. If such placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issue will be kept aside for investment in subsidiary Bizdent Devices, purchase of new machinery for the company, payment of debt and for general corporate purposes. Laxmi Dental, an end-to-end integrated dental products company, has a comprehensive portfolio that includes custom-made crowns and bridges, branded
National Dentist's Day is celebrated yearly on March 6. The day recognises the contributions of dental specialists and dental experts in promoting oral wellbeing and preventing oral diseases
The startup sets ambitious target, plans to increase clinics to 1,000 and serve 3 million patients annually by FY24
The government on Monday introduced the National Nursing and Midwifery Commission Bill, 2023 and the National Dental Commission Bill, 2023 in the Lok Sabha. The National Dental Commission Bill seeks to repeal the Dentists Act, 1948 and proposes to set up National Dental Commission (NMC) to regulate dental education and the profession in the country. It also aims to make dental education affordable and make quality oral healthcare accessible. According to official sources, the composition of the dental commission will be similar to that of the National Medical Commission, which had replaced the Medical Council of India. The National Nursing and Midwifery Commission Bill, 2023 aims at setting up National Nursing and Midwifery Commission (NNMC) and to repeal the Indian Nursing Council Act, 1947. The Bill provides for regulation and maintenance of standards of education and services by nursing and midwifery professionals, assessment of institutions, maintenance of a national register
The clear aligners market in India is experiencing an upward trajectory and is expected to reach a staggering $500 million or Rs 4,000 crore by 2023
This is the first insurance plan in India that covers fixed-benefit outpatient expenses and provides financial assistance with costs related to overall dental health
Advertisements which show endorsements by foreign dentists have been ordered to be discontinued as per the earlier order passed by CCPA
A bi-lingual mobile application Healthy Smile' has been launched to spread awareness about maintaining oral hygiene among children, the AIIMS said on Wednesday
Even though patients with toothaches are often prescribed antibiotics to help ease symptoms and prevent worsening of the problem, healthy adults should generally have dental treatment
Researchers followed 345 twins from 24 weeks' gestation through six years of age, when they all had dental checkups
Cavities have now been found in tooth fossils from nearly every prehistoric hominin species studied. They were probably caused by eating certain fruits and vegetation as well as honey
It's advisable to always carry your dental nitty-gritties, while you are hard-at-work
Your dietary habits have a major role to play in de-fencing your dental health