Laxmi Dental IPO subscription started on Monday, January 13th, 2025, and will close on January 15, 2025, as per the schedule. The price band is set at ₹407 to ₹428 per share with a face value of ₹2.
Laxmi Dental IPO Subscription Status
Laxmi Dental IPO Subscribed over 5.31x on its first day till 5.00 PM on 13th January 2025.
- Laxmi Dental IPO subscription QIB investors portion is 0.13 times, while NII subscribed 10.88 times and RII investors subscribed 12.49 times.
- The company has received bids for 4,75,98,012 shares against 89,70,371 shares on offer on the first day of subscription.
- Laxmi Dental IPO subscribed Over 5.31x on its first day.
About Laxmi Dental Company
Incorporated in 1989, Laxmi Dental Limited is India’s one & only company to offer a complete range of dental products and services. Their portfolio consists of a wide range of products such as 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. With over 20 years of work experience and market presence, Laxmi Dental company is one of the biggest dental laboratories in the other two. According to the revenue and PAT margin of the company, they are one of the leading and financially successful indigenous B2B2C dental aligner companies as of FY23. Their manufacturing facilities spread across 146,804.42 square feet, is where they manufacture their dental products. Currently, Indian Dental laboratories are broken, unorganized, and short of Quality. Laxmi Dental Limited company’s goal is to prioritize quality, efficiency, and customer experience. The company earned revenue of 1,914.50 million from sales of goods and services.
Laxmi Dental 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.
Laxmi Dental IPO GMP:
Laxmi Dental IPO GMP was ₹165 as of Monday, January 13th, 2025. That indicates the IPO is trading at ₹593 with ₹165 premium in the grey market against the issue price of ₹428.
