Laxmi Dental IPO subscribed overall 114.14 times on the last day, while A retail quota subscribed 75.1 times, QIB subscribed 110.38 times, and NII quota subscribed 147.69 times respectively.
Laxmi Dental IPO Details
Laxmi Dental one of the top companies in dental products got approval from SEBI for the IPO of Rs ₹698.06 crores, wherein ₹138 crores and an offer for sale up to 1,30,85,467 equity shares with a face value of ₹2 each. it was subscribed beyond the expectation and gave this result. It has a set price band of ₹407 to ₹428 per share.
Laxmi Dental Funds Utilisations
- Repaying or prepaying some of our Company’s outstanding loans.
- Helping our Subsidiaries pay off their outstanding borrowings.
- Buying new machinery to support our Company’s growth.
- Supporting our Subsidiary, Bizdent Devices Private Limited, in purchasing new machinery.
- Covering general corporate expenses.
Laxmi Dental Shares Distributions
Moreover, the retail category had 33 shares in 1 lot size by minimum application, while in maximum application 462 shares in 14 lot sizes respectively.
S-HNI got 495 shares in 15 lot size and B-HNI received 2343 shares in 71 lot size.
To participate in this IPO, each investor group has a tailored investment range
- Retail Minimum Application:- ₹14,124
- Retail Maximum Application:- ₹1,97,736
- S-Hni Application:- ₹2,11,860
- B-HNI Application:- ₹10,02,804
Laxmi Dental IPO Subscription Duration
Started on January 13, 2025, and closed on January 15, 2025. The Laxmi Dental IPO allotment was on January 16, 2025, and non-allottees got a refund on January 17, 2025.
Laxmi Dental IPO listing is today January 20, 2025.
About Laxmi Dental IPO
Laxmi Dental Limited is a substantial and satisfactory firm that provides a complete range of dental products. 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 more than 20 years of industry experience, Laxmi Dental is one of the largest dental laboratories in its region. Based on the company’s revenue and PAT margins, it ranks among the top and financially successful homegrown 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 IPO Financial Background
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.