Laxmi Dental IPO details
Laxmi Dental IPO is 100% Book Building issue of Rs. 698.06 crores. Laxmi Dental IPO open date is January 13, 2025 and the IPO will close on January 15, 2025.
The allotment of Laxmi Dental IPO date is January 16, 2025. The IPO will be listed on BSE, NSE on January 20, 2025 and the price band of the IPO has been set at ₹407 to ₹428 per share. The minimum lot size for an application is 33 shares.
The company reported profit of ₹25.23 crores in 2024 against loss of ₹4.16 crores in 2023. The company reported revenue of ₹195.26 crores in 2024 against ₹163.84 crore in 2023.
Laxmi Dental IPO Details –
| Symbol | LAXMIDENTL |
| Issue Period | 13-Jan -2025 to 15-Jan-2025 |
| Listing Date | January 20, 2025 |
| Price Range | ₹407 to ₹428 Per Share |
| Lot Size | 33 Shares and in multiples thereof |
| Face Value | ₹2 per share |
| Total Issue Size | 1,63,09,766 shares, ₹698.06 crores |
| Fresh Issue | 32,24,299 shares, ₹138 crores |
| Offer for Sale | 1,30,85,467 shares, ₹560.06 crores |
| Issue Type | 100% Book Building |
| Retail Quata | 10% |
| NII Quata | 15% |
| QIB Quata | 75% |
| Employee Discount | no |
Laxmi Dental IPO Schedule (Provisional) –
Laxmi Dental IPO is scheduled to open on January 13, 2025
and close on January 15, 2025. IPO listing will take place on January 20, 2025.
| IPO Open Date | January 13, 2025 |
| IPO Close Date | January 15, 2025 |
| Basis of Allotment | January 16, 2025 |
| Refund Process start | January 17, 2025 |
| Share Credit to Demat | January 17, 2025 |
| Listing Date | January 20, 2025 |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Laxmi Dental IPO Market Lot Size –
The Laxmi Dental IPO minimum lot size is 13 Shares with ₹14124 application amount. Investors can bid for a minimum of 13 Shares and in multiples thereof.
The minimum and maximum shares and amounts that retail investors and HNI can invest are shown in the table below.
| Application | Lot Size | Shares | Amount |
| Retail (Minimum) | 1 | 13 | ₹14124 |
| Retail (Maximum) | 14 | 462 | ₹1,97,736 |
| S-HNI (Minimum) | 15 | 495 | ₹2,11,860 |
| S-HNI (Maximum) | 70 | 2310 | ₹9,88,680 |
| B-HNI (Minimum) | 71 | 2343 | ₹10,02,804 |
| Laxmi Dental IPO Promoters – |
| The Promoters of the Company are Rajesh Vrajlal Khakhar, Sameer Kamlesh Merchant, and Dharmesh Bhupendra Dattani. |
Laxmi Dental Limited Financial Details –
The company reported Profit of ₹125.77 crores in financial year 2024 compared to Profit of ₹497.19 crores in financial year 2023. The company reported revenue of ₹1,543.51crores in 2024 compared to ₹1,981.42 crore in 2023.
| Period Ended | 31-Mar-2024 | 31-Mar-2023 | 31-Mar-2022 |
| Revenue | ₹1,95.26 | ₹1,63.84 | ₹1,38.07 |
| Profit After Tax | ₹25.23 | ₹-4.16 | ₹-18.68 |
| Net Worth | ₹44.57 | ₹19.48 | ₹22.94 |
| Expense | ₹1,86.66 | ₹1,67.76 | ₹1,43.40 |
| Total Debt | ₹42.03 | ₹31.44 | ₹29.63 |
| Amount in Crores ₹ |
Laxmi Dental IPO Key Performance Indicator (KPI) –
Laxmi Dental ROCE is -%, Pre IPO EPS is -.
| KPI | Values |
| ROE | 78.78% |
| ROCE | 19.97% |
| Return on Net Worth (RoNW) | 78.78% |
| PAT Margin | 13.03% |
| EBITDA Margin | 12.29% |
| EPS | 4.88 |
| P/E Ratio | 87.77 |
| Price to Book Value | 49.59 |
| Debt to equity | 0.94 |
Laxmi Dental IPO Analysis
| Canara Bank | Share india securities |
| Choice Broking | Nirmal Bang |
| DRChoksey FinServ | Reliance Securities |
| Emkay Global | SBICAP Securities |
| Geojit | Sharekhan |
| Hem Securities | SMC Global |
| ICICIdirect | Sushil Finance |
| IDBI Capital | Swastika Investment |
| Marwadi Shares | Ventura Securities |
Laxmi Dental Peer Group –
| Company | EPS | PE Ratio |
| Poly Medicure Limited | 26.92 | 94.02 |
| Book Running Lead Managers | Nuvama Wealth Management Limited, Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited |
| Syndicate Members | NA |
| Sponsor Bank | HDFC Bank Limited and ICICI Bank Limited |
| Categories | “FI, IC, MF, FII, OTH, CO, IND and NOH” |
| Company’s Contact Details |
| Laxmi Dental Limited 301, A-wing, Interface-16, Mindspace, Malad (West), Mumbai – 400 064, Maharashtra, India Phone: +91 22 6143 7992 Email: co.sec@laxmidentallimited.com Website: https://www.laxmidentallimited.com/ |
| IPO Registrar’s Details |
| MUFG Intime India Private Limited
(formerly known as Link Intime India Private Limited) C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai – 400 083 |
About Laxmi Dental –
Incorporated in 1989, Laxmi Dental Limited is India’s one & only company to offer a complete range of dental products and services. The company offers custom crowns and bridges, branded dental items like clear aligners and thermoforming sheets, aligner-related products as part of its aligner solutions, and pediatric dental products.
The company is the largest exporter for custom made dental prosthesis, primarily catering to the US and UK markets. From Fiscal 2022 to 2024, the dental laboratories business has a reach of 22,000+ dental clinics. The company has significant presence in both domestic and international markets, exporting to over 90 countries. The company operate a fully integrated model, meaning they handle the entire process from design and manufacturing to distribution of dental products. In 2019 company Launched Taglus India’s sole supplier of thermoplastic sheets and 3D printing dental resins. Laxmi Dental Limited stands as a cohesive, multifaceted group with over 2,100 employees and a global presence in more than 90 countries.
Objects of the Issue –
- partial or complete repayment of some outstanding loans that the company has taken out.
- Investing in specific subsidiaries in order to fully or partially settle or prepay certain outstanding debts.
- financing the necessary capital expenditures for the company’s acquisition of new machinery.
- Investing in Bizdent Devices Private Limited, our subsidiary, will help us meet the capital expenditure needs for buying new equipment.
- General business objectives
Strengths –
India’s sole comprehensive dental products firm
The biggest export laboratory and the second-largest participant in the domestic laboratory industry
A varied and vertically integrated range of branded products
A vast dental network that offers competitive benefits
Advanced technological skills combined with strict adherence to regulations
skilled management group
Laxmi Dental IPO FAQs–
- What is Laxmi Dental IPO?
Laxmi Dental IPO is a Mainline IPO. The company plans to raise ₹698.06 crores through an initial public offering. The issue is priced at ₹407 to ₹428 Per Share. The IPO is to be listed on BSE & NSE.
- When IPO will open and close?
The Laxmi Dental IPO opens on January 13, 2025 and closed on January 15, 2025.
- What is IPO Lot Size?
Laxmi Dental IPO lot size is 33 Shares, and the minimum amount required is RS. 15,000.
- What is IPO Price Band?
Laxmi Dental IPO Price Band is ₹407 to ₹428 Per Share.
- What is the IPO Allotment Date?
The Allotment for the Laxmi Dental IPO will be finalized on January 16, 2025, and the allotted shares will be credited to your DEMAT account by January 17, 2025.
- What is the IPO Listing Date?
Laxmi Dental IPO listing date is Tuesday, January 20, 2025.
- How to Apply the Laxmi Dental IPO?
You can use your bank account to apply for the Laxmi Dental IPO online through ASBA. Additionally, you can apply for ASBA online through your stock brokers using UPI. By completing the offline application, you can also apply through your stock brokers.
- How to apply in the IPO?
To apply in the IPO, you need to have a brokerage account. Once the IPO opens, you can place an order through your broker, specifying the number of shares you want. Make sure to check the IPO prospectus for details on pricing and allocation.
- What documents are required to apply in the IPO?
To apply in the IPO, you typically need a valid photo ID, proof of address, and your brokerage account details. If you’re applying as an institution, additional documentation may be required.
- Can anyone apply in the IPO?
Yes, anyone with a brokerage account can apply in the IPO. However, certain IPOs may have restrictions based on the investor’s profile or the allotment process, so check with your broker for specific guidelines on how to apply in the IPO.
Laxmi Dental Limited IPO Anchor Book
Investors Include :
▪︎ Kotak Mahindra Trustee
▪︎ Abu Dhabi Investment Authority
▪︎ AL Mehwar Commercial
▪︎ ICICI Prudential
▪︎ HDFC Mutual Fund
▪︎ Nomura India Fund
▪︎ Goldman Sachs India
▪︎ Aditya Birla Sun Life
▪︎ Ashoka WhiteOak
▪︎ Invesco India
▪︎ Mirae Mutual Fund
▪︎ Quant Mutual Fund
▪︎ Tata Mutual Fund
▪︎ DSP India Mutual Fund
▪︎ Bandhan Mutual Fund
▪︎ UTI Mutual Fund
▪︎ HSBC India Fund
▪︎ Natixis International
▪︎ Jupiter Global
▪︎ Max Life Insurance Limited
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