Laxmi Dental IPO Details
| IPO Issue Open Date: | 13 January 2025 |
| IPO Issue Close Date: | 15 January 2025 |
| IPO Issue Price Band: | ₹407 to ₹408 Per Share |
| Face Value: | ₹2 Per Equity Share |
| IPO Issue Size: | ₹671.89 Crores | [] shares |
| Fresh Issue: | ₹138 Crores | [] shares |
| Offer for Sale: | ₹533.89 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing At: | BSE & NSE |
| IPO Retail Quota: | Not more than 10% |
| QIB Quota: | Not more than 75% |
| NII Quota: | Not more than 15% |
| Employee Discount: | ₹[.] per share |
Laxmi Dental IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Laxmi Dental IPO Dates Timeline
| Issue Open Date: | 13 January 2025 |
| Issue Close Date: | 15 January 2025 |
| Basis of Allotment Date: | 16 January 2025 |
| Refunds Initiation: | 17 January 2025 |
| Shares Credit in Demat: | 17 January 2025 |
| IPO Listing Date Detail: | 20 January 2025 |
Laxmi Dental IPO Market Lot
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and 33 shares = ₹13,464 |
| Retail (Max) | 14 lots and 462 shares = ₹1,88,496 |
| HNI (Min) | 15 lots and 495 shares = ₹2,01,960 |
| B-HNI Minimum | 74 lots and 2,442 shares = ₹9,96,336 |
Laxmi Dental IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| Today | ₹165 | ₹4,000 | ₹- | 39% |
| 9th Jan | ₹160 | ₹4,000 | ₹- | 37% |
| 8th Jan | ₹- | ₹- | ₹- | ₹- |
About Laxmi Dental
Laxmi Dental Limited, which was founded in 1989, is the only business in India that provides an extensive selection of dental treatments and goods. custom-made crowns and bridges, branded dental products such as clear aligners, thermoforming sheets, and aligner-related products as a part of aligner solutions, and pediatric dental products, are just a few of the many products the company offers to customers. Laxmi Dental Company is one of the biggest dental laboratories with over 20 years of experience and market presence among the other top two companies. They are one of the leading and financially successful Indigenous B2B2C dental aligner companies according to the revenue and PAT margin. The dental items are manufactured in their 146,804.42-square-foot manufacturing facilities. Indian dental laboratories are now disorganized, broken, and lacking in quality. The mission of Laxmi Dental Limited is to put excellent customer service, efficiency, and quality first. The company’s sales of goods and services generated 1,914.50 million in revenue.
Laxmi Dental IPO Strengths
- The only integrated dental products company in India, well-positioned to capture industry tailwinds;
- 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 Network providing us with competitive advantage in the market;
Objects of the IPO Issue
- 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.
Laxmi Dental Company Financial Report
The company reported revenue of ₹195.26 crores in 2024 against ₹163.84 crores in 2023. The company reported a profit of ₹25.23 crores in 2024 against a loss of ₹4.16 crores in 2023.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹1,38.07 | ₹1,43.40 | ₹18.68 | ₹102.75 |
| 2023 | ₹1,63.84 | ₹1,67.76 | ₹4.16 | ₹96.54 |
| 2024 | ₹1,95.26 | ₹1,86.66 | ₹25.23 | ₹134.52 |
| Sept 2024 | ₹1,17.99 | ₹1,03.41 | ₹22.74 | ₹158.22 |
Laxmi Dental IPO Valuation – Key Performance Indicator
KPI as of March 31, 2024.
| KPI | Values |
| ROE: | 78.78% |
| ROCE: | 19.97% |
| EBITDA Margin: | -% |
| PAT Margin: | 13.03% |
| Debt to equity ratio: | 0.94 |
| Earning Per Share (EPS): | ₹5.11 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 78.78% |
| Net Asset Value (NAV): | ₹8.63 |
Peer Group Comparison
The below peer comparison table’s data are showing as per the DRHP and RHP.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Poly Medicure Limited | 26.92 | 94.02 | 19.05% | 153.22 | 14,34.54 Cr. |
Laxmi Dental IPO Registrar
Link Intime India Pvt Ltd
Phone: +91 22 4918 6000/ +91 8108114949
Email: laxmidental.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Laxmi Dental IPO Lead Manager
- Motilal Oswal Investment Advisors Limited
- SBI Capital Markets Limited
Laxmi Dental IPO allotment status check on Link Intime website. Click on Link Intime India Pvt Ltd to get allotment status.
Promoters of Laxmi Dental
- Rajesh Vrajlal Khakhar
- Sameer Kamlesh Merchant
- Dharmesh Bhupendra Dattani.
Company Address
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: www.laxmidentallimited.com