Laxmi Dental Limited IPO will open on January 13, 2025, and close on January 15, 2025. Incorporated in July 2004, Laxmi Dental Limited is a leading integrated dental products company offering a wide range of solutions, including custom crowns and bridges, clear aligners, thermoforming sheets, and pediatric dental products. In this blog, we’ll uncover all the key details about this upcoming IPO, including the price band, lot size, financial performance, use of proceeds, peer comparison, and strengths and weaknesses.
Laxmi Dental IPO Important Dates
The key pointers for the Laxmi Dental Limited IPO important dates are:
- Bidding Opening Date: January 13, 2025
- Bidding Closing Date: January 15, 2025
- Basis of Allotment Date: January 16, 2025
- Initiation of Refunds (in case of less or no allotment): January 17, 2025
- Shares Credited to Your Demat Account: January 17, 2025
- IPO Listing Date: January 20, 2025
- Listing on Exchange: NSE and BSE
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
Laxmi Dental Limited IPO Issue Size
Laxmi Dental Limited’s IPO valuation is set at around ₹698 crores with fresh issue and offer for sale (OFS) component.
Here are some of the crucial Laxmi Dental Limited IPO details:
- Price Band: ₹407 – ₹428 per share
- Face Value: ₹2 per share
- Standard Glass Lining IPO Lot Size: 33 Shares
- Issue Size and Amount: 1,63,09,766 shares (aggregating up to ₹698.06 Cr)
- Fresh Issue Size and Amount: 32,24,299 shares (aggregating up to ₹ 138.00 Cr)
- Offer for Sale and Amount: 1,30,85,467 shares of ₹2 (aggregating up to ₹560.06 Cr)
Laxmi Dental IPO Proceeds Usage
Laxmi Dental Limited IPO proceeds will be used for the following purposes:
- Repaying outstanding loans taken by Laxmi Dental and its subsidiaries
- Investing in subsidiary Bizdent Devices to purchase new machinery
- Buying new machinery and equipment to expand Laxmi Dental’s operations and clinic network
- Using funds for general corporate expenses as required
- Strengthening Laxmi Dental’s position in the dental care services market through these capital allocation moves
Laxmi Dental IPO Reservations
Laxmi Dental IPO reservations to varied investors are as follows:
- For QIBs: Not less than 75% of the Net Issue
- For Retail Investors: Not more than 10% of the Offer
- For NII (HNI)s: Not more than 15% of the Offer
Laxmi Dental IPO Lot Size
Laxmi Dental IPO lot size is 33 shares, wherein bidding can be done in further multiples. The minimum and maximum of the lot size that each category of investor can apply in this IPO are:
| 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 IPO Details: Promoter Holding
The current promoters of Laxmi Dental Limited are:
- Rajesh Vrajlal Khakhar
- Sameer Kamlesh Merchant
- Dharmesh Bhupendra Dattani
The selling shareholders in this IPO are Rajesh Vrajlal Khakha, Sameer Kamlesh Merchant, OrbiMedAsia II Mauritius Limited, Jigna Rajesh Khakhar, Hasmukh Vrajlal Khakhar, etc.
Laxmi Dental IPO: Company Overview
Laxmi Dental Limited is an integrated dental products company specializing in the design, manufacturing, and distribution of dental solutions. The company’s product portfolio includes custom crowns and bridges, clear aligners, thermoforming sheets, aligner-related products, and pediatric dental items. Operating under a fully integrated model, Laxmi Dental oversees the entire process, from product design to manufacturing and distribution, ensuring quality and efficiency.
The company’s flagship brand, Taglus, offers thermoforming sheets, biocompatible 3D printing resins, and manufacturing machines for clear aligners, reinforcing its leadership in the dental solutions space. With six manufacturing facilities across Mira Road, Mumbai; Boisar; and Kochi, along with five supporting facilities in Mumbai, Delhi, Bengaluru, and Ahmedabad, the company has a robust production and distribution network.
As of September 30, 2024, Laxmi Dental serves a vast network of over 22,000 clinics and dentists in more than 320 cities across India and exports its products to over 90 countries, establishing a significant presence in both domestic and international markets.
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
Laxmi Dental Limited IPO: Financial Performance
Laxmi Dental Limited’s key financials for different periods are as follows:
| Particulars | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr) | 158.22 | 134.52 | 96.54 | 102.75 |
| Revenue (₹ Cr) | 117.9 | 195.26 | 163.84 | 138.07 |
| Profit After Tax (₹ Cr) | 22.74 | 25.23 | -4.16 | -18.68 |
| Net Worth (₹ Cr) | 67.09 | 44.57 | 19.48 | 22.94 |
| Total Borrowing (₹ Cr) | 40.91 | 42.03 | 31.44 | 29.63 |
*(Amount in ₹ Crore)
Peer Analysis of Laxmi Dental IPO
The comparison of Laxmi Dental Limited’s performance with its peers in the same industry is as follows:
| Company | EPS Basic (₹) | EPS Diluted (₹) | NAV (₹) | P/E (x) | RoNW (%) |
|---|---|---|---|---|---|
| Laxmi Dental Limited | ₹4.8 | ₹4.8 | ₹8.63 | – | 78.78% |
| Poly Medicure Ltd. | ₹26.92 | ₹26.9 | ₹153.22 | 94.02x | 19.05% |
*(For FY24 ending)
Risk Factors in Laxmi Dental Limited IPO
The company faces several risk factors that could influence its operations and investor confidence:
- Significant reliance on the adoption and growth of digital dentistry practices.
- Limited diversification into non-dental medical product segments.
- Exposure to regulatory changes in international markets which could affect exports.
- Ongoing need for substantial R&D investment to maintain a competitive advantage.
- Intense competition in the global dental products industry.
Laxmi Dental IPO Details: Contact Information
For inquiries related to the Laxmi Dental IPO details, you can contact at the following places:
Registered Office Address: Office No. 103, Akruti Arcade, J. P. Road, Opposite A.H. Wadia High School Andheri (West), Mumbai, 400058
Phone: +91 22 6143 7991
Email: co.sec@laxmidentallimited.com
Company Website: https://www.laxmidentallimited.com/
Laxmi Dental IPO Registrar Details:
Registrar Name: MUFG Intime India Private Limtied
Phone: +91 81081 14949
Email: laxmidental.ipo@linkintime.co.in
For all the insights on Laxmi Dental IPO and detailed expert advice, you can download the SMC ACE App or visit the SMC telegram channels. Take smart decisions and apply for this IPO easily on the SMC ACE App by opening a demat account now.
Frequently Asked Questions – FAQs
1. Who is the CEO of Laxmi Dental Limited?
Mr. Sameer Kamlesh Merchant is the CEO of Laxmi Dental Limited.
2. What is the lot size of Laxmi Dental IPO?
The minimum lot size of Laxmi Dental IPO is 33, and a minimum of ₹14,124 is needed.
3. When is the Laxmi Dental IPO allotment?
The Basis of Allotment for the Laxmi Dental IPO will be finalised on Thursday, January 16, 2025. By Friday, January 17, 2025, the allocated shares will be credited to your demat account.
4. When will Laxmi Dental IPO open?
The Laxmi Dental IPO will open on 13th January 2025 and will close on 15th January 2025.
References:
https://www.sebi.gov.in/filings/public-issues/jan-2025/laxmi-dental-limited-rhp_90604.html
Author: All Content is verified by SMC Global Securities.
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- 20 Lac+ unique clients
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