NEW DELHI: Laxmi Dental has raised Rs 314 crore through anchor investors prior to its public share offering. The anchor round participants included prominent names such as Aditya Birla Sun Life MF, ICICI Prudential MF, HDFC MF, Kotak MF, Mirae Asset MF, Tata MF, Birla Sunlife Insurance, Max Life Insurance, Abu Dhabi Investment Authority, Nomura, Goldman Sachs, Al Mehwar Commercial Investments and Natixis Investment Managers.
The Mumbai-based company allocated 73.39 lakh shares to 31 entities at Rs 428 per share, totalling Rs 314.12 crore, according to the circular.
The public subscription is scheduled for January 13 to January 15, with a price band of Rs 407-428 per share.
The IPO comprises a fresh equity share issue worth Rs 138 crore and an Offer for Sale (OFS) of 1.31 crore equity shares valued at Rs 560 crore by promoters Rajesh Vrajlal Khakhar, Sameer Kamlesh Merchant, and other shareholders, as stated in the Red Herring Prospectus (RHP).
OrbiMed Asia II Mauritius Ltd will also participate in the OFS of this leading B2C dental aligner company. The ownership structure shows promoters and promoter group holding 46.56 per cent, while public shareholders own 53.44 per cent.
The fresh issue proceeds will be used for debt repayment, capital expenditure funding, investment in subsidiary Bizdent Devices Pvt Ltd and general corporate requirements, as outlined in the RHP.
The company operates as an integrated dental products enterprise, offering custom-made crowns and bridges, branded dental products including aligner solutions and paediatric dental items. The company plans to list its shares on both BSE and NSE.

NEW DELHI: Anand Mahindra, the chairman of the Mahindra Group, has joined the debate on the ideal workweek, following remarks from L&T Chairman SN Subrahmanyan that sparked widespread online outrage. Speaking at the National Youth Festival in New Delhi on Saturday, Mahindra said that the real issue is not the number of hours worked, but the quality of the output.
“We have to focus on the quality of work, not on the quantity of work. It’s not about 40 hours, 70 hours, or 90 hours. What output are you doing?” Mahindra asserted. He added that even in just 10 hours of work, one could achieve significant change.

You make better decisions when you have a whole brain: Mahindra

Further expanding on his views, Mahindra stressed the importance of a well-rounded life. He argued that having exposure to a wide range of fields, including arts and culture, makes for better decision-makers. “You make better decisions when you have a whole brain, when you are informed about arts, culture, that’s when you make a good decision,” Mahindra explained, as reported by news agency PTI.
He also pointed out that spending time with family, friends, and engaging in personal reflection contributes to better leadership and creativity. “If we are only in the office all the time, we are not with our families, we are not with other families. How are we going to understand what people want to buy? ” he added.
Addressing his followers on X, who often question how much time he spends on social media instead of working, Mahindra explained, “I want to make it clear—I’m on X not because I’m lonely. My wife is amazing, and I love spending time with her. I’m not here to make friends. I’m here because people don’t realize how powerful a business tool this is. On one platform, I can get feedback from 11 million people.”

How long can you stare at your wife? L&T chairman

In a video circulating online, the L&T Chairman advocated for a 90-hour work week and suggested that employees should even give up Sundays for work. His remark, “How long can you stare at your wife?” was widely criticised as insensitive and out of touch with the realities of work-life balance. Subrahmanyan also referred to a conversation he had with a Chinese professional who claimed that working 90 hours a week would help surpass the US, where workers typically work only 50 hours.
Also read: ‘How long can you stare at spouse?’ L&T chief backs working on Sunday

90 hours a week? Why not rename Sunday to ‘Sun-duty’? Harsh Goenka

Business leaders have expressed strong opposition to Subrahmanyan’s remarks. Harsh Goenka, chairman of RPG Enterprises, took to social media to mock the idea of a 90-hour work week, saying, “90 hours a week? Why not rename Sunday to ‘Sun-duty’ and make ‘day off’ a mythical concept!” He said that while hard work is essential, it should not come at the expense of personal well-being. “Work-life balance isn’t optional, it’s essential,” he added.

‘Aath ghanta family ke saath bitayega tho biwi bhaag jaayegi’: Gautam Adani

Gautam Adani also joined the conversation on work-life balance, stating that it is a personal choice. Referring to the often-discussed issue of family time, Adani said, “Aath ghanta family ke saath bitayega tho biwi bhaag jaayegi” (Wife will leave if one spends eight hours with family).
Also read: Gautam Adani’s playful response to Narayana Murthy’s 70-hour workweek advice
This follows comments made by Infosys chairman Narayana Murthy, who suggested that young workers should be prepared to work up to 70 hours a week.