Get App
Laxmi Dental IPO is a book-built issue of Rs 698.06 crores. The issue is a combination of a fresh issue of 0.32 crore shares aggregating to Rs 138.00 crores and an offer for sale of 1.31 crore shares aggregating to Rs 560.06 crores.
Laxmi Dental IPO bidding opened for subscription on January 13, 2025, and will close on January 15, 2025. The IPO price band is set at ₹407 to ₹428 per share and the minimum lot size for an application is 33 shares.
Company Summary
Incorporated in July 2004, Laxmi Dental Limited is an integrated dental products company. 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.
Their product portfolio includes custom crowns and bridges, clear aligners, thermoforming sheets, pediatric dental products, and more.
As of September 30, 2024, the company has six manufacturing facilities: three in Mira Road, Mumbai, two in Boisar, and one in Kochi, along with five supporting facilities in Mumbai, Delhi, Bengaluru, and Ahmedabad.
As of September 30, 2024, the company’s dental network includes over 22,000 clinics and dentists across more than 320 cities nationwide. The company had 2,372 employees in various departments.
The company has a significant presence in both domestic and international markets, exporting to over 90 countries.
Company Strengths
- The only integrated dental products company in India, well-positioned to capture industry tailwinds.
- The second largest player in domestic laboratory business and largest export laboratory with increasing adoption of digital dentistry.
- Vertically integrated diverse branded product portfolio.
- Large Dental Networks provide a competitive advantage in the market.
- Robust technologically advanced capabilities with stringent regulatory compliance ensuring high-quality standards.
Company Financials
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 158.22 | 134.52 | 96.54 | 102.75 |
| Revenue | 117.9 | 195.26 | 163.84 | 138.07 |
| Profit After Tax | 22.74 | 25.23 | -4.16 | -18.68 |
| Net Worth | 67.09 | 44.57 | 19.48 | 22.94 |
| Total Borrowing | 40.91 | 42.03 | 31.44 | 29.63 |
Amount in ₹ Crore | ||||
Objectives of the IPO
- Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company.
- Investment in certain Subsidiaries for the repayment/prepayment, in full or in part, of certain outstanding borrowings.
- Funding the capital expenditure requirements for purchasing new machinery for the Company.
- Investment in our subsidiary, Bizdent Devices Private Limited, is needed for the capital expenditure requirements for the purchase of new machinery.
- General corporate purposes.
Promoters of the company
Rajesh Vrajlal Khakhar, Sameer Kamlesh Merchant, and Dharmesh Bhupendra Dattani are the promoters of the company.
IPO details
| IPO Date | January 13, 2025 to January 15, 2025 |
| Listing Date | Monday, January 20, 2025 |
| Face Value | ₹2 per share |
| Price Band | ₹407 to ₹428 per share |
| Lot Size | 33 Shares |
| Total Issue Size | 1,63,09,766 shares (aggregating up to ₹698.06 Cr) |
| Fresh Issue | 32,24,299 shares (aggregating up to ₹ 138.00 Cr) |
| Offer for Sale | 1,30,85,467 shares of ₹2 (aggregating up to ₹560.06 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Lot allocation details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 33 | ₹14,124 |
| Retail (Max) | 14 | 462 | ₹1,97,736 |
| S-HNI (Min) | 15 | 495 | ₹2,11,860 |
| S-HNI (Max) | 70 | 2,310 | ₹9,88,680 |
| B-HNI (Min) | 71 | 2,343 | ₹10,02,804 |
Allotment Schedule
| Basis of Allotment | Thursday, January 16, 2025 |
| Initiation of Refunds | Friday, January 17, 2025 |
| The credit of Shares to Demat | Friday, January 17, 2025 |
| Listing Date | Monday, January 20, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 15, 2025 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Offer |
To check allotment, click here