- IPO Size: ₹698.06 crores with a fresh issue and OFS component.
- Price Band: ₹407–₹428 per share.
- Listing Date: January 20, 2025, on BSE and NSE.
- Integrated Player: The only company in India with a fully integrated dental products model.
- Robust Network: Over 22,000 dental clinics in 320+ cities and exports to 90+ countries.
Laxmi Dental Limited, an integrated dental products company, is set to launch its Initial Public Offering (IPO) from January 13 to January 15, 2025. The IPO, valued at ₹698.06 crores, consists of a fresh issue of 0.32 crore shares amounting to ₹138 crores and an offer for sale (OFS) of 1.31 crore shares worth ₹560.06 crores.
The IPO price band is fixed at ₹407–₹428 per share, and investors can bid for a minimum lot size of 33 shares, with retail investors required to invest a minimum of ₹14,124. For high-net-worth individuals (HNIs), the minimum investment is ₹2,11,860 (15 lots for sNII) and ₹10,02,804 (71 lots for bNII).
Laxmi Dental’s shares are expected to be listed on the BSE and NSE, with a tentative listing date of January 20, 2025. The allotment date is set for January 16, 2025, and refunds and share credits to Demat accounts are planned for January 17, 2025.
Key details about the IPO are summarized below:
Laxmi Dental Key IPO Details
| IPO Date | January 13, 2025, to January 15, 2025 |
|---|---|
| Listing Date | January 20, 2025 (tentative) |
| Face Value | ₹2 per share |
| Price Band | ₹407 to ₹428 per share |
| Lot Size | 33 shares |
| Total Issue Size | 1.63 crore shares (₹698.06 crores) |
| Fresh Issue | 0.32 crore shares (₹138.00 crores) |
| Offer for Sale (OFS) | 1.31 crore shares (₹560.06 crores) |
| Issue Type | Book Built Issue IPO |
| Listing Platforms | BSE, NSE |
Laxmi Dental IPO Important Timeline
| 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 | January 17, 2025 |
| Listing Date | January 20, 2025 |
| UPI Mandate Confirmation Deadline | January 15, 2025, at 5 PM |
Laxmi Dental IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| QIB (Qualified Institutional Buyers) | Not less than 75% of Net Issue |
| Retail Investors | Not more than 10% of Offer |
| NII (Non-Institutional Investors) | Not more than 15% of Offer |
Laxmi Dental IPO Lot Size and Investment Details
| Application Type | Lots | Shares | Investment 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 |
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About Laxmi Dental Limited
Founded in July 2004, Laxmi Dental Limited is a pioneering name in the dental products market. The company specializes in custom crowns, clear aligners, thermoforming sheets, pediatric dental products, and more. They operate a fully integrated model, managing the design, manufacturing, and distribution processes.
- Manufacturing Facilities: Six facilities across Mumbai, Boisar, and Kochi.
- Network: Over 22,000 clinics and dentists across 320+ cities in India.
- Exports: Products exported to 90+ countries.
- Employees: 2,372 as of September 30, 2024.
Competitive Strengths
- Largest integrated dental products company in India.
- Strong presence in domestic and international markets.
- Technological advancements and stringent regulatory compliance.
- Expanding dental network, fostering market leadership.
Financial Performance
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr) | 158.22 | 134.52 | 96.54 | 102.75 |
| Revenue (₹ Cr) | 117.9 | 195.26 | 163.84 | 138.07 |
| Profit After Tax (₹ Cr) | 22.74 | 25.23 | -4.16 | -18.68 |
| Net Worth (₹ Cr) | 67.09 | 44.57 | 19.48 | 22.94 |
| Total Borrowing (₹ Cr) | 40.91 | 42.03 | 31.44 | 29.63 |
Objectives of the IPO
- The proceeds from the fresh issue will be used for:
- General corporate purposes.
- Repayment/prepayment of outstanding borrowings.
- Capital expenditure on new machinery.
- Investments in subsidiaries like Bizdent Devices Private Limited.
Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice or an endorsement of any IPO or investment opportunity. While we strive to ensure the accuracy of the details shared, the content is based on publicly available information, research, and reports from credible sources. Readers are advised to verify the details independently and consult with a financial advisor before making any investment decisions.Stay informed and exercise caution while making financial decisions.
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