Laxmi Dental Limited IPO (Laxmi Dental IPO) Detail
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 bidding started from January 13, 2025 and ended on January 15, 2025. The allotment for Laxmi Dental IPO was finalized on Thursday, January 16, 2025. The shares got listed on BSE, NSE on January 20, 2025.
Laxmi Dental IPO price band is set at ₹428 per share. The minimum lot size for an application is 33. The minimum amount of investment required by retail investors is ₹13,431. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹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 managers 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 Limited Stock Quote & Charts
- Open: ₹447.00
- High – Low: ₹460.00 – ₹435.90
- Previous Close: ₹443.40
- Total Traded Value: 3,57,088.00
- 52 Weeks High: ₹584.00 (Jan 20, 2025)
- 52 Weeks Low: ₹313.20 (Feb 28, 2025)
- Updated On: Mar 21, 2025 4:00 PM
Laxmi Dental IPO Details
| IPO Date | January 13, 2025 to January 15, 2025 |
| Listing Date | January 20, 2025 |
| Face Value | ₹2 per share |
| Issue Price | ₹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 Reservation
Laxmi Dental IPO offers 1,63,09,766 shares. 48,92,931 (30%) to QIB, 24,46,464 (15%) to NII, 16,30,976 (10%) to RII and 73,39,395 (45%) to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 73,39,395 (45%) | NA |
| QIB Shares Offered | 48,92,931 (30%) | NA |
| NII (HNI) Shares Offered | 24,46,464 (15%) | |
| bNII > ₹10L | 16,30,976 (10%) | 3,294 |
| sNII < ₹10L | 8,15,488 (5%) | 1,647 |
| Retail Shares Offered | 16,30,976 (10%) | 49,423 |
| Total Shares Offered | 1,63,09,766 (100%) |
Laxmi Dental IPO Anchor Investors Details
Laxmi Dental IPO raises Rs 314.13 crore from anchor investors. Laxmi Dental IPO Anchor bid date is January 10, 2025. Laxmi Dental IPO Anchor Investors list
| Bid Date | January 10, 2025 |
| Shares Offered | 73,39,395 |
| Anchor Portion Size (In Cr.) | 314.13 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 14, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 15, 2025 |
Laxmi Dental IPO Timeline (Tentative Schedule)
Laxmi Dental IPO opens on January 13, 2025, and closes on January 15, 2025.
| IPO Open Date | Mon, Jan 13, 2025 |
| IPO Close Date | Wed, Jan 15, 2025 |
| Tentative Allotment | Thu, Jan 16, 2025 |
| Initiation of Refunds | Fri, Jan 17, 2025 |
| Credit of Shares to Demat | Fri, Jan 17, 2025 |
| Tentative Listing Date | Mon, Jan 20, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 15, 2025 |
Laxmi Dental IPO Lot Size
Investors can bid for a minimum of 33 shares and in multiples thereof. The following 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 |
| Lot Size Calculator | |||
Laxmi Dental IPO Promoter Holding
| Share Holding Pre Issue | 46.56% |
| Share Holding Post Issue | 41.7% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About Laxmi Dental Limited
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
- 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 provide a competitive advantage in the market;
- Robust technologically advanced capabilities with stringent regulatory compliance ensuring high quality standards.
Company Financials
Laxmi Dental Limited Financial Information (Restated Consolidated)
| 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 | ||||
Key Performance Indicator (KPI)
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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.88 | 8.27 |
| P/E (x) | 87.77 | 51.73 |
- 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.
Objects of the Issue (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:
- 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 IPO Review (Apply)
[Dilip Davda] The company is one of the leading company offering comprehensive portfolio of dental products globally for over two decades. It posted speedy growth in its top lines from FY22 onwards. It marked boosted bottom lines from FY23 onwards, indicating the future prospects. Based on FY25 annualized super earnings, the issue appears aggressively priced. Investors may park funds for long term. Read detail review…
Laxmi Dental IPO Subscription Status (Bidding Detail)
The Laxmi Dental IPO is subscribed 114.14 times on January 15, 2025 6:19:09 PM (Day 3). The public issue subscribed 75.1 times in the retail category, 110.38 times in the QIB category, and 147.69 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 110.38 | 48,92,931 | 54,00,81,366 |
| NII | 147.69 | 24,46,464 | 36,13,21,158 |
| bNII (bids above ₹10L) | 167.68 | 16,30,976 | 27,34,89,216 |
| sNII (bids below ₹10L) | 107.7 | 8,15,488 | 8,78,31,942 |
| Retail | 75.1 | 16,30,976 | 12,24,80,688 |
| Total | 114.14 | 89,70,371 | 1,02,38,83,212 |
Total Application : 43,13,159
Laxmi Dental IPO Prospectus
Laxmi Dental IPO Listing Details
| Listing Date | January 20, 2025 |
| BSE Script Code | 544339 |
| NSE Symbol | LAXMIDENTL |
| ISIN | INE0WO601020 |
| Final Issue Price | ₹428 per share |
Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹428.00 | ₹428.00 |
| Open | ₹528.00 | ₹542.00 |
| Low | ₹524.80 | ₹525.00 |
| High | ₹583.70 | ₹584.00 |
| Last Trade | ₹550.65 | ₹550.55 |
Check IPO Performance…
Laxmi Dental Limited 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/
Laxmi Dental IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: laxmidental.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
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