Laxmi Dental: IPO Proceeds Utilization in Line with Objects

Laxmi Dental Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. Issued by ICRA Limited, the report confirms that the utilization of IPO proceeds is in line with the objects stated in the offer document. There has been no material deviation observed. The report covers the period up to June 30, 2026, and details the allocation of funds towards various objectives including repayment of borrowings, investment in subsidiaries, and capital expenditure for new machinery. The company's IPO, which closed on January 15, 2025, raised approximately ₹698.058 Crore (including OFS). The net proceeds available for utilization were ₹128.170 Crore.