1. Company Background & Industry Overview
Laxmi Dental Limited, established in 2004, is an integrated dental products company providing a range of dental solutions such as custom crowns, bridges, clear aligners, thermoforming sheets, pediatric dental products, and more. The company operates a vertically integrated model, handling everything from design and manufacturing to distribution of dental products. It has a robust network of over 22,000 clinics and dentists across India and exports to more than 90 countries.
The dental products industry is witnessing rapid growth due to technological advancements like digital dentistry and increasing demand for aesthetic dental solutions.
2. IPO Details
| Details | Values |
|---|
| Issue Size | ₹698.06 Crores |
| Price Band | ₹407 to ₹428 per share |
| Face Value | ₹2 per share |
| Issue Type | Book Built Issue IPO |
| Total Shares Offered | 1,63,09,766 shares (100%) |
| Fresh Issue | 32,24,299 shares (₹138 Cr) |
| Offer for Sale | 1,30,85,467 shares (₹560.06 Cr) |
| Listing At | BSE, NSE |
3. Key Timelines
| Event | Date |
|---|
| IPO Open Date | January 13, 2025 |
| IPO Close Date | January 15, 2025 |
| Basis of Allotment | January 16, 2025 |
| Initiation of Refunds | January 17, 2025 |
| Credit of Shares to Demat | January 17, 2025 |
| Listing Date | January 20, 2025 |
4. IPO Reservation
| Investor Category | Shares Offered | Percentage |
|---|
| Anchor Investors | 73,39,395 shares | 45% |
| QIB | 48,92,931 shares | 30% |
| NII (HNI) | 24,46,464 shares | 15% |
| Retail | 16,30,976 shares | 10% |
5. Lot Size
| Category | Lot Size | Shares Count | Investment Amount (₹) |
|---|
| Retail (Min) | 1 | 33 | ₹14,124 |
| Retail (Max) | 14 | 462 | ₹1,97,736 |
| S-HNI (Min) | 15 | 495 | ₹2,11,860 |
| B-HNI (Min) | 71 | 2,343 | ₹10,02,804 |
6. Financial Information
| Factors | Sept 2024 | March 2024 | March 2023 | March 2022 |
|---|
| Assets (₹ Crore) | 158.22 | 134.52 | 96.54 | 102.75 |
| Revenue (₹ Crore) | 117.9 | 195.26 | 163.84 | 138.07 |
| Profit (₹ Crore) | 22.74 | 25.23 | -4.16 | -18.68 |
| Net Worth (₹ Crore) | 67.09 | 44.57 | 19.48 | 22.94 |
| Total Borrowing (₹ Crore) | 40.91 | 42.03 | 31.44 | 29.63 |
7. Key Valuation Metrics (Pre-IPO)
| Metric | Value |
|---|
| EPS | ₹4.88 |
| P/E Ratio | 87.77 |
| ROE | 78.78% |
| ROCE | 19.97% |
| Debt/Equity Ratio | 0.94 |
| Price to Book Value | 49.59 |
8. Subscription Details
| Category | Shares Offered | Shares Bid For | Subscription Status |
|---|
| QIB | 48,92,931 | 54,00,81,366 | 110.38x |
| NII | 24,46,464 | 36,13,21,158 | 147.69x |
| Retail | 16,30,976 | 12,24,80,688 | 75.1x |
| Total | 89,70,371 | 1,02,38,83,212 | 114.14x |
9. Contact Details
Company Contact Details: Laxmi Dental Limited
Office No. 103, Akruti Arcade,
J. P. Road, Opposite A.H. Wadia High School,
Andheri (West), Mumbai, 400058
Phone: +91 226143799
Email: co.sec@laxmidentallimited.com
Website: Laxmi Dental Limited
Registrar Contact Details:
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: laxmidental.ipo@linkintime.co.in
Website: Link Intime
10. Objectives of the IPO
- Repayment of outstanding borrowings.
- Capital expenditure for new machinery.
- Investment in Bizdent Devices Private Limited.
- General corporate purposes.
11. FAQs
- What is the issue price of Laxmi Dental IPO?
- When does the IPO open and close?
- It opens on January 13, 2025, and closes on January 15, 2025.
- What is the minimum investment for retail investors?
- What is the listing date for Laxmi Dental IPO?
- What is the total size of the IPO?
- What are the objectives of the IPO?
- To repay debts, invest in subsidiaries, and for general corporate purposes.
- How to apply for the Laxmi Dental IPO?
Applications can be made via ASBA through banks or through broker platforms like Angel One.
12. Listing Day Performance
| IPO Name | Subscription Status | IPO Price | Listing Date | Open | High | Low | Close | Gain (%) |
|---|
| Laxmi Dental IPO | 114.14x | ₹428 | January 20, 2025 | ₹450 | ₹470 | ₹440 | ₹460 | 7.48 |
