As an investor, deciding whether the IPO is Good or Bad to invest in can often be challenging. If you are confused and worried about whether to Apply or Not the Laxmi Dental IPO. Then worry not here we are describing 10 important key points & in-depth detailed Laxmi Dental IPO review which will help you to make the decision.
Strengths and Weaknesses of Laxmi Dental IPO
Strengths:
- Laxmi Dental is the biggest dental laboratory out of the 2 others.
- With the help of advanced technologies and strict compliance make sure to provide high-quality standards to our customers.
- The company’s main strength is to enhance the old dental products and launch new ones.
Weaknesses:
- The Company mostly grows its business with its Dental network, by increasing revenue per clinic, and through Dentist. Failing to achieve it without doing it cost-effectively can affect their business.
- Laxmi Dental company is expanding due to specific regions, and losing business there could affect the company’s financial growth and revenue.
- Over the years their business has been growing because of the company’s good reputation and awareness. Any damage to their reputation or harm to their brand can result in losing their business, and may negatively affect their financial conditions.
Laxmi Dental IPO Review
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Laxmi Dental IPO Details
| IPO Size | ₹698.06 crores |
| Offer-for-sale | Up to 1,30,85,467 equity shares |
| Fresh issue | ₹138 crores |
| Price band | ₹407 to ₹428 |
| Subscription | Opens on January 13, 2025, and close date is on January 15, 2025 |
| Purpose of IPO | Fresh Issue & Offer-for-Sale |
1. Laxmi Dental IPO Open and closing date?
Laxmi Dental IPO opening date is January 13, 2025, and the closing date is January 15, 2025.
2. What is the size of the Laxmi Dental IPO?
Laxmi Dental planned to raise funds around ₹698.06 crores via IPO. This IPO contains both a fresh issue and offer for sale component, in which the company will raise funds for a fresh issue of ₹138 crores and an offer for sale of up to 1,30,85,467 equity shares with a face value of Rs. 2 each.
3. What are the subscription details of the Laxmi Dental IPO?
The price range of Laxmi Dental IPO is set as ₹407 to ₹428 per share. In this IPO a total of 33 shares were available in 1 lot size for the minimum Retail category and for the maximum retail category, 462 shares in 14 lot sizes were available, for the S-HNI Minimum category 495 shares were available in the 15 lot sizes. While for the B-HNI Minimum category 2,310 shares were available in 70 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,124 and maximum investment of ₹1,97,736.
- Small HNI (S-HNI): Minimum investment of ₹2,11,860.
- Big HSI (S-HNI): A minimum investment of ₹9,88,680 is required.
4. What is the Laxmi Dental IPO listing Date?
Laxmi Dental is a Mainboard IPO shares will be listed on January 20, 2025, on the BSE (Bombay Stock Exchange) & NSE (National Stock Exchange).
5. What are the objectives of the Laxmi Dental IPO Issue?
The raised funds will be used for repayment or prepayment of debt from old borrowings from the companies. The company will invest in specific subsidiaries to help them repay and reduce some of their existing debts. Utilized the funds for the purchase of new machinery for the company. Investing in Bizdent Devices Private Limited to fund the purchase of new machinery. At last, use the remaining funds to support general corporate purposes.
6. About Laxmi Dental
Laxmi Dental Limited, which was founded in 1989, is the only business in India that provides an extensive selection of dental treatments and goods. 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, are just a few of the many products the company offers to customers. Laxmi Dental Company is one of the biggest dental laboratories with over 20 years of experience and market presence among the other top two companies.
7. Laxmi Dental Financials
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.
8. Laxmi Dental IPO Promoters
Rajesh Vrajlal Khakhar, Sameer Kamlesh Merchant, and Dharmesh Bhupendra Dattani are the promoters of the company.
9. Who are the Laxmi Dental IPO lead managers and registrar?
Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited are the lead managers of Laxmi Dental while Link Intime India Pvt Ltd is the registrar of the company.
10. Should you Apply or not for the Laxmi Dental IPO?
Revenue and PAT margin show that Laxmi Dental is one of the growing and financially stable homegrown B2B2C dental aligner companies. They have 146,804.42-square-foot production facilities where the dental products are made. In FY23, Laxmi Dental is one of the largest Dental companies among the other two companies. Also, they are one of the largest exporters of custom-made dental prostheses as of FY23 making them the best Dental company to invest in. As we all see how Indian Dental Laboratories have been broken, unorganized, and untrustable nowadays.
What makes them unique from others is their main goal is to provide satisfaction to their customers by offering various services, quality and efficiency. In the year 2021, they were the first brand to get the nod from the US FDA to launch clear aligners under their brand Illusion Aligners for their Indian Market. The company’s sales of goods and services generated 1,914.50 million in revenue. With this type of growth and revenue, it seems like Laxmi Dental’s IPO will definitely be a good IPO to invest in for investors. However, before applying for this IPO, one must check the company’s financial background, cash flow, revenue, and assets, you must require certain funds to apply.
