Laxmi Dental IPO Overview

Laxmi Dental IPO is a book built issue of Rs 698.06 crores. The issue is a combination of fresh issue of 0.32 crore shares aggregating to Rs 138.00 crores and offer for sale of 1.31 crore shares aggregating to Rs 560.06 crores.

Laxmi Dental IPO opens for subscription on January 13, 2025 and closes on January 15, 2025. The allotment for the Laxmi Dental IPO is expected to be finalized on Thursday, January 16, 2025. Laxmi Dental IPO will list on BSE, NSE with tentative listing date fixed as Monday, January 20, 2025.

Laxmi Dental IPO price band is set at ₹407 to ₹428 per share. The minimum lot size for an application is 33. The minimum amount of investment required by retail investors is ₹14,124. The minimum lot size investment for sNII is 15 lots (495 shares), amounting to ₹2,11,860, and for bNII, it is 71 lots (2,343 shares), amounting to ₹10,02,804.

Nuvama Wealth Management Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited are the book running lead manager of the Laxmi Dental IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Laxmi Dental IPO RHP for detailed information.

Laxmi Dental IPO Important dates

Laxmi Dental IPO opens on January 13, 2025, and closes on January 15, 2025.

IPO Open Date Monday, January 13, 2025
IPO Close Date Wednesday, January 15, 2025
Basis of Allotment Thursday, January 16, 2025
Initiation of Refunds Friday, January 17, 2025
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

Laxmi Dental IPO  Financial Performance

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

Laxmi Dental IPO Key Performance Indicator

The market capitalization of Laxmi Dental IPO is Rs 2352.38 Cr.

KPI as of Sun, Mar 31, 2024.

KPI Values
ROE 78.78%
ROCE 19.97%
Debt/Equity 0.94
RoNW 78.78%
PAT Margin 13.03
Price to Book Value 49.59
Check Laxmi Dental IPO Peer Comparison here.
Pre IPO Post IPO
EPS (Rs) 4.88 8.27
P/E (x) 87.77 51.73

Note:

  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.

Laxmi Dental IPO Objectives

Objects of the Fresh Issue Our Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

  1. Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company.
  2. Investment in certain Subsidiaries for the repayment/prepayment, in full or in part, of certain outstanding borrowings.
  3. Funding the capital expenditure requirements for purchasing new machinery for the Company.
  4. Investment in our subsidiary, Bizdent Devices Private Limited, is needed for the capital expenditure requirements for the purchase of new machinery.
  5. General corporate purposes.

Laxmi Dental IPO Lot Size

Investors can bid for a minimum of 33 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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

Laxmi Dental IPO Details

IPO Date January 13, 2025 to January 15, 2025
Listing Date [.]
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
Share Holding Pre Issue 5,17,37,850 shares
Share Holding Post Issue 5,49,62,149 shares

Laxmi Dental IPO Company Overview and Services

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.

The company offers thermoforming sheets, biocompatible 3D printing resins, and machines for manufacturing clear aligners under the brand name Taglus.

The company operate a fully integrated model, meaning they handle the entire process from design and manufacturing to distribution of dental products.

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 has significant presence in both domestic and international markets, exporting to over 90 countries.

As of September 30, 2024, the company had 2,372 employees in various departments.

Competitive strengths

  1. The only integrated dental products company in India, well-positioned to capture industry tailwinds;
  2. Second largest player in domestic laboratory business and largest export laboratory with increasing adoption of digital dentistry;
  3. Vertically integrated diverse branded product portfolio;
  4. Large Dental Network provide a competitive advantage in the market;
  5. Robust technologically advanced capabilities with stringent regulatory compliance ensuring high quality standards.

Laxmi Dental IPO SWOT Analysis

Strengths

  • Integrated Business Model: Laxmi Dental is the only company in India with an integrated business model, offering a diverse range of dental products and services. This includes dental implants, prosthetics, clear aligners, and pediatric dental products.
  • Strong Network: The company has a wide network of over 22,000 clinics across 320 cities in India, providing access to a large customer base.
  • Global Reach: Laxmi Dental exports its products to over 90 countries, indicating a strong international presence and potential for future growth.
  • Advanced Technology: The company utilizes advanced technology and adheres to stringent regulatory compliance to ensure the quality and safety of its products.

Weaknesses

  • Financial Performance: The company has reported losses in the past three fiscal years, raising concerns about its profitability and financial stability.
  • Dependence on Key Customers: A significant portion of Laxmi Dental’s revenue comes from a few key customers, making it vulnerable to changes in their purchasing behavior.
  • Inventory Turnover: The company has faced challenges with inventory turnover, which could impact its cash flow and profitability.
  • Meeting Short-Term Obligations: Laxmi Dental has faced difficulties in meeting its short-term obligations, indicating potential liquidity risks.

Opportunities

  • Growing Dental Market: The Indian dental market is expected to grow at a significant rate, driven by factors such as increasing awareness of oral health and rising disposable incomes.
  • Expansion in New Markets: Laxmi Dental can expand its presence in new domestic and international markets to capture a larger share of the growing dental market.
  • Product Innovation: The company can invest in research and development to introduce new and innovative products, such as 3D-printed dental implants and AI-powered dental solutions.
  • Strategic Partnerships: Collaborating with dental clinics and hospitals can help Laxmi Dental expand its reach and customer base.

Threats

  • Competition: The dental industry is highly competitive, with both domestic and international players vying for market share.
  • Regulatory Changes: Changes in government regulations related to dental products and services could impact Laxmi Dental’s business.
  • Economic Slowdown: A slowdown in the global or Indian economy could negatively impact consumer spending on dental products and services.
  • Currency Fluctuations: Fluctuations in foreign exchange rates could impact the company’s profitability, especially given its international operations.

Laxmi Dental IPO GMP Details

Laxmi Dental IPO last GMP is ₹165, last updated Jan 10th 2025 . With the price band of 428.00, Laxmi Dental IPO’s estimated listing price is ₹593 (cap price + today’s GMP).The expected percentage gain/loss per share is 38.55%.

We update GMP on a daily basis and based on last 3 sessions grey market activities, today IPO GMP points upward and expects a strong listing. The lowest GMP is ₹155, while the highest GMP is ₹165. Stay with us to know the daily price trend of Laxmi Dental IPO GMP with expected listing price.

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
10-01-2025 428.00 ₹165  4100/61500 ₹593 (38.55%) 10-Jan-2025
09-01-2025 428.00 ₹165   4100/61500 ₹593 (38.55%) 9-Jan-2025
08-01-2025 428.00 ₹155  3900/58500 ₹583 (36.21%) 8-Jan-2025

What is IPO GMP?

The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.

Laxmi Dental IPO Subscription Status

Sorry, we couldn’t find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.

Laxmi Dental IPO Allotment status

Laxmi Dental IPO allotment is expected on Thursday, January 16, 2025.

Laxmi Dental IPO allotment status is not available at this time. Laxmi Dental IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Laxmi Dental Limited IPO allotment status.

To check Laxmi Dental IPO allotment status, follow the steps below:

  1. Click on the below allotment status check button.
  2. Select Company Name.
  3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
  4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Link Intime India Private Ltd either by phone or email. Investors can call on +91-22-4918 6270 or send an email with all relevant details to ipo.helpdesk@linkintime.co.in.

Laxmi Dental IPO 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: https://www.laxmidentallimited.com/

 

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal. 

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