Laxmi Dental IPO is a substantial offering with a total book-built issue size of ₹698.06 crores. This includes a fresh issue of 0.32 crore shares, amounting to ₹132.00 crores, aimed at funding the trust’s growth and infrastructure development initiatives. Additionally, the IPO features an offer for sale of 1.31 crore shares, aggregating to ₹560.06 crores, providing existing stakeholders an opportunity to monetize their investments. This IPO represents a strategic move to bolster the trust’s capital base while offering investors a chance to participate in its promising infrastructure ventures.
The IPO will be open for subscription from 13th January 2025 to 15th January 2025, offering investors a short window to seize this opportunity. With a price band of ₹407 to ₹428 per share, bidders have the flexibility to choose within this range. Applications can be made in multiples of the lot size of 33 shares, ensuring accessibility with a minimum investment of ₹14,124 for retail investors. Its well-structured bidding process and competitive pricing are expected to draw significant interest from both retail and institutional investors.
Check the current GMP of Laxmi Dental Limited IPO
Refer to Laxmi Dental IPO RHP for detailed information.
Laxmi Dental IPO Good or Bad to Apply
Laxmi Dental Company, a small-sized dental products firm, operates in a niche market with promising potential. Although the company’s financials are not exceptionally attractive, they are reasonably good, highlighting its profitability and stable operations. The presence of experienced promoters further strengthens the company’s prospects, instilling confidence in its future growth. Given these factors, investors may consider applying for the IPO, as it offers an opportunity for good listing gains. Additionally, the company’s long-term potential makes it a viable option for those looking to build wealth over time. However, it is advisable to adopt a trailing stop loss strategy to safeguard profits and mitigate risks in a volatile market.
Laxmi Dental IPO Details
| IPO Date | January 13, 2025 to January 15, 2025 | ||
| Listing Date | 20 January, 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 |
Laxmi Dental IPO Lot Size calculator
| Application | Lots | Share | Amount |
| Retail (Min) | 1 | 150 | ₹14,124 |
| Retail (Max) | 14 | 1,950 | ₹1,97,736 |
| S-HNI (Min) | 15 | 2,100 | ₹2,11,860 |
| S-HNI (Max) | 70 | 9,900 | ₹9,88,680 |
| BS-HNI | 71 | 10,050 | ₹10,02,804 |
Laxmi Dental IPO Distribution
| 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 Net Issue |
About Laxmi Dental Company
Laxmi Dental Limited, established in July 2004, is a comprehensive dental products company. They provide custom crowns and bridges, branded dental items like clear aligners and thermoforming sheets, as well as pediatric dental products and solutions related to aligners.
Their product range includes custom crowns and bridges, clear aligners, thermoforming sheets, and pediatric dental products, among others.
The company manufactures thermoforming sheets, biocompatible 3D printing resins, and machines for producing clear aligners under the brand name Taglus.
Laxmi Dental follows a fully integrated business model, managing everything from the design and manufacturing to the distribution of dental products.
As of September 30, 2024, the company operates six manufacturing units: three in Mira Road, Mumbai, two in Boisar, and one in Kochi. Additionally, they have five supporting facilities in Mumbai, Delhi, Bengaluru, and Ahmedabad.
Their dental network spans over 22,000 clinics and dentists across more than 320 cities in India, as of September 30, 2024.
The company has a strong presence in both the domestic and international markets, exporting to over 90 countries.
By September 30, 2024, Laxmi Dental employed 2,372 people across various departments.
Competitive strengths:
Laxmi Dental is the only fully integrated dental products company in India, which puts it in a strong position to take advantage of the growing industry; It is the second-largest player in the domestic laboratory business and the largest in the export laboratory sector, with increasing use of digital dentistry; It has a diverse, vertically integrated portfolio of branded products; Its vast dental network gives it a competitive edge in the market; The company’s strong technological capabilities, along with strict regulatory compliance, ensure high-quality standards.
Laxmi Dental Company Finances
As of 30th September 2024, the company reported assets of ₹158.22 crore, an increase from ₹134.52 crore in March 2024, and ₹96.54 crore in March 2023. Revenue for the period stood at ₹117.9 crore, showing a decline from ₹195.26 crore in March 2024 but an increase from ₹163.84 crore in March 2023. Despite the revenue dip, the company managed to post a profit after tax (PAT) of ₹22.74 crore, a notable improvement compared to the loss of ₹4.16 crore in March 2023 and ₹18.68 crore in March 2022. The net worth also showed a positive growth, reaching ₹67.09 crore as of September 2024, up from ₹44.57 crore in March 2024 and ₹19.48 crore in March 2023. However, total borrowings stood at ₹40.91 crore, slightly down from ₹42.03 crore in March 2024, but higher than ₹31.44 crore in March 2023.
Amount in ₹ Crore
| 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 |
Laxmi Dental IPO Prospectus
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