Laxmi Dental Limited IPO is set to launch a Book Built IPO on January 13, 2025, with a target of raising ₹698.06 crores through a fresh issue of ₹138 crores and the sale of 1,30,85,467 equity shares with a face value of ₹2.
Laxmi Dental Limited IPO Details
Laxmi Dental is set to launch an IPO on January 13, 2025, with subscriptions opening on January 13 and closing on January 15, 2025. The allotment is expected to be finalized on January 16, 2025, with a tentative listing date of January 20, 2025. Laxmi Dental Limited IPO will list on BSE and NSE.
Laxmi Dental IPO price band is set at ₹407 to ₹428 per share. The application requires a minimum lot size of 33 and a minimum investment of ₹14,124 for retail investors.
The minimum investment for sNII is 15 lots (495 shares), amounting to ₹2,11,860, while for bNII, it is 71 lots (2,343 shares), amounting to ₹10,02,804.
Laxmi Dental Limited IPO is led by Nuvama Wealth Management Limited, Motilal Oswal Investment Advisors Limited, and SBI Capital Markets Limited, with Link Intime India Private Ltd as the registrar.
Please refer to Laxmi Dental Limited IPO RHP for more detailed information.
Laxmi Dental Limited IPO Objectives
company plans to use the net proceeds from the Fresh Issue to fund the following objectives.
- 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 Limited IPO Date
The Laxmi Dental IPO is scheduled to open on January 13, 2025, and close on January 15, 2025.
| Event | Date |
|---|---|
| IPO Open Date | Monday, January 13, 2025 |
| IPO Close Date | Wednesday, January 15, 2025 |
| Basis of Allotment | Thursday, January 16, 2025 |
| Initiation of Refunds | Friday, January 17, 2025 |
| Credit of Shares to Demat | Friday, January 17, 2025 |
| Listing Date | Monday, January 20, 2025 |
Laxmi Dental Limited IPO Lot Size
The table outlines the minimum and maximum investment amounts for 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 |
Laxmi Dental Limited Financial report
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 | 117.90 | 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 |
About Laxmi Dental Limited
As of September 2024, the company is India’s only end-to-end integrated dental products company, offering a comprehensive portfolio of dental products.
The company provides custom crowns, bridges, branded dental items like clear aligners, aligner-related products, and pediatric dental products.
Laxmi Dental has had apresence of more than 20 years and according to the F&S Report, based on revenue for Fiscal 2024, Laxmi Dental Limited is among the top two largest Indian dental laboratories.
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.
The company has significant presence in both domestic and international markets, exporting to over 90 countries.
Laxmi Dental Limited COMPETITIVE STRENGTHS
The company’s key strengths include:-
- 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 providing us with competitive advantage in the market;
- robust technologically advanced capabilities with stringent regulatory compliance ensuring high quality standards; and
- experienced management team with significant industry experience.
Laxmi Dental IPO issue size
The issue involves a fresh issue of 0.32 crore shares, totalling Rs 138.00 crores, and an offer for sale of 1.31 crore shares, totalling Rs 560.06 crores.
Laxmi Dental IPO Promoter Holding
Rajesh Vrajlal Khakhar, Sameer Kamlesh Merchant and Dharmesh Bhupendra Dattani are the promoters of the company.
| Shareholding | Percentage |
|---|---|
| Pre-Issue Shareholding | 46.56% |
| Post-Issue Shareholding | (To be updated) |
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, India.
Laxmi Dental Limited IPO Registrar
The address for Link Intime India Private Ltd is as follows:
C-101, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai – 400083, Maharashtra, India.
Read more IPO details on Digitalmediapoint.com
