Laxmi Dental's latest monitoring report confirms IPO proceeds are utilized as planned, with no deviation from stated objectives.

Of the ₹138 Cr gross proceeds, ₹71.77 Cr has been deployed.

The company fully repaid borrowings (₹22.98 Cr, ₹4.6 Cr) and majorly used funds for general corporate purposes (₹31.94 Cr), covering taxes, debt, and creditors.

Capital expenditure for new machinery (₹2.85 Cr utilized, ₹40.66 Cr pending) and subsidiary Bizdent's capex (₹25 Cr pending) are in progress.

Remaining ₹66.23 Cr is securely invested in FDs, earning interest.

Minor delays in some capex plans are noted, expected completion this fiscal year.