Laxmi Dental IPO Details
| IPO Open Date: | January 13, 2025 |
| IPO Close Date: | January 15, 2025 |
| Face Value: | ₹2 Per Equity Share |
| IPO Price Band: | ₹407 to ₹428 Per Share |
| Issue Size: | Approx ₹698.06 Crores |
| Fresh Issue: | Approx ₹138 Crores |
| Offer for Sale: | Approx ₹560.06 Crores, 1,30,85,467 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 10% |
| QIB Quota: | Not more than 75% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Laxmi Dental IPO Market Lot
The Laxmi Dental IPO minimum market lot is 33 shares with ₹14,124 application amount. The retail investors can apply up-to 14 lots with 462 shares of ₹1,97,736 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 33 | ₹14,124 |
| Retail Maximum | 14 | 462 | ₹1,97,736 |
| S-HNI Minimum | 15 | 495 | ₹2,11,860 |
| B-HNI Minimum | 70 | 2,310 | ₹9,88,680 |
Laxmi Dental IPO Dates
The Laxmi Dental IPO date is January 13 and the close date is January 15. The Laxmi Dental IPO allotment will be finalized on January 16 and the IPO listing on January 20.
| IPO Open Date: | January 13, 2025 |
| IPO Close Date: | January 15, 2025 |
| Basis of Allotment: | January 16, 2025 |
| Refunds: | January 17, 2025 |
| Credit to Demat Account: | January 17, 2025 |
| IPO Listing Date: | January 20, 2025 |
Promoters of Laxmi Dental IPO
The promoters of the company are Rajesh Vrajlal Khakhar, Sameer Kamlesh Merchant, and Dharmesh Bhupendra Dattani.
About Laxmi Dental IPO
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 shortage 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 IPO Company Financial Report
The company reported revenue of ₹195.26 crores in 2024 against ₹163.84 crore in 2023. The company reported profit of ₹25.23 crores in 2024 against loss of ₹4.16 crores in 2023.
Amount ₹ in Crores
| 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 – FY2024
Check Laxmi Dental IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| 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
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Poly Medicure Limited | 26.92 | 94.02 | 19.05 | 153.22 | 14,34.54 Cr. |
Objects of the Issue
- Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by our Company.
- Investment in certain Subsidiaries for the repayment/prepayment, in full or in part, of certain outstanding borrowings
- Funding the capital expenditure requirements for purchase of new machinery for our Company.*
- Investment in our Subsidiary, Bizdent Devices Private Limited, for the capital expenditure requirements for the purchase of new machinery
- General corporate purposes.
Laxmi Dental IPO Review
- IPO Watch – –
- Adroit Financial Services: –
- Canara Bank Securities: –
Laxmi Dental IPO Registrar
Link Intime India Pvt Ltd
Phone: +91 22 4918 6000/ +91 8108114949
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- Motilal Oswal Investment Advisors Limited
- SBI Capital Markets Limited
Company Address
Laxmi Dental Limited
301, A-wing, Interface-16, Mindspace, Malad (West),
Mumbai – 400 064, Maharashtra, India
Phone: +91 22 6143 7992
Email: [email protected]
Website: www.laxmidentallimited.com
Laxmi Dental IPO FAQs
What is Laxmi Dental IPO?
When Laxmi Dental IPO will open for subscription?
What is Laxmi Dental IPO Investors Portion?
How to Apply the Laxmi Dental IPO?
What is Laxmi Dental IPO Issue Size?
What is Laxmi Dental IPO Price Band?
What is Laxmi Dental IPO Lot Size?
What is the Laxmi Dental IPO Allotment Date?
What is the Laxmi Dental IPO Listing Date?
Note: The Laxmi Dental IPO price band and date are officially announced. The (Laxmi Dental IPO grey market premium) will be added to the IPO GMP page as it will start).
