Laxmi Dental IPO Details
The key details of Laxmi Dental’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹698.06 Cr |
| Price Range | ₹407 - ₹428 |
| Retail Quota | 10% |
| QIB Quota | 75% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 33 |
| Investment (cut-off price) | ₹14,124 |
| Pre IPO Promotor Holding | 46.56% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Laxmi Dental IPO Timelines
The IPO process for Laxmi Dental includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
13/01/2025
Start Date15/01/2025
End Date17/01/2025
Refund Initiation17/01/2025
Credit of Shares to Demat Ac20/01/2025
Listing DateLaxmi Dental IPO Lot Size
The Laxmi Dental IPO has a fixed lot size of 33 shares, at an upper price band of ₹428 per share, requiring ₹14,124 per lot for retail investors. Retail investors can apply for a maximum of 462 shares worth ₹197,736. For Small HNI (S-HNI), the minimum application starts at 495 shares (₹211,860) up to 2,310 shares (₹988,680), while Big HNI (B-HNI) requires a minimum of 2,343 shares amounting to ₹1,002,804.
| 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 |
| S-HNI Maximum | 70 | 2310 | ₹9,88,680 |
| B-HNI Minimum | 71 | 2343 | ₹10,02,804 |
Laxmi Dental IPO Subscription Status
The subscription status for Laxmi Dental IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 110.38x | 147.69x | 75.10x | -- | 114.14x |
IPO Performance on Listing Day
On the listing day (January 20, 2025), Laxmi Dental made a strong debut on the stock exchange. The stock opened at ₹542, delivering an impressive premium of 26.6% over its issue price of ₹428. During the trading session, the stock showed robust momentum, touching a high of ₹584 while maintaining support above ₹525. The shares concluded their first trading day at ₹550.55, securing a healthy gain of 28.6% over the issue price, reflecting positive investor confidence in this dental equipment manufacturer.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹542.00 | ₹550.55 | ₹584.00 | ₹525.00 |
Laxmi Dental IPO Company Financials
Laxmi Dental reports robust performance in FY2024 with Total Income of ₹195.26 crores, managing expenses at ₹186.66 crores, and achieving a strong PAT (Profit After Tax) of ₹25.23 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹1,38.07 | ₹1,43.40 | -₹18.68 |
| FY 2023 | ₹163.84 | ₹167.76 | -₹4.16 |
| FY 2024 | ₹195.26 | ₹186.66 | ₹25.23 |
| FY 2025 (6 M) | ₹117.99 | ₹103.41 | ₹22.74 |
About Company
Laxmi Dental is a leading integrated dental products company in India, offering a wide range of products including custom-made crowns and bridges, branded clear aligners, thermoforming sheets, and pediatric dental products. With over 20 years of brand presence, the company is recognized as one of the top two largest dental laboratories in India based on revenue, according to the F&S report. It operates six manufacturing facilities across 147,029.63 square feet and is the largest exporter of custom-made dental prosthesis, primarily serving markets in the US and UK. Laxmi Dental’s dental laboratories business caters to over 22,000 dental clinics from Fiscal 2022 to 2024.
The company is also positioned for significant growth as the Indian market for custom-made crowns, aligners, and pediatric dental products is expected to expand significantly by 2030. The custom-made crown market is projected to grow from USD 1.4 billion to USD 3.1 billion, and the aligner market is set to rise from USD 133.6 million to USD 569 million, with respective growth rates of 11.8% and 23%. Laxmi Dental is well-positioned to capitalize on this growth by selling aligners in tier 1, 2, and 3 cities, and offering a comprehensive range of pediatric products, including the only US FDA-cleared Silver Diamide Fluoride (SDF) produced in India. Additionally, the company is the largest and most profitable indigenous B2B2C dental aligner provider, as highlighted in the F&S report.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2004 | Healthcare | Sameer Merchant |
Know Before Investing
Laxmi Dental IPO Strengths
- Laxmi Dental offers a wide range of dental products, including custom crowns, bridges, aligners, and pediatric dental solutions, making it a one-stop shop in the dental market.
- With over 20 years in the industry, Laxmi Dental has built a robust reputation and extensive customer base across India and internationally.
- The company is ranked among the top two dental laboratories in India by revenue, indicating strong market positioning and brand recognition.
- The company exports its products to over 95 countries, expanding its market presence beyond India and tapping into international demand.
- Laxmi Dental has established connections with over 20,000 dental clinics and professionals, ensuring widespread distribution of its products.
Laxmi Dental IPO Risks
- The company is involved in ongoing legal matters that could adversely affect its operations and financial stability.
- Laxmi Dental has significant outstanding borrowings, which may impact its financial flexibility and increase interest expenses.
- The dental products industry is highly competitive, and increased competition could pressure pricing and profit margins.
- A substantial portion of revenue is derived from a limited number of clients, making the company vulnerable to contract losses.
- Any inefficiencies in manufacturing processes or quality control could negatively impact product quality and customer satisfaction.
Swot Analysis for Laxmi Dental IPO
Strengths
Established market presence, Diverse product portfolio, Strong revenue growth
Weaknesses
Limited brand recognition, Dependence on specific markets, Recent financial losses
Opportunities
Growing dental industry demand, Expansion into new markets, Technological advancements
Threats
Intense competition, Regulatory compliance challenges, Economic downturn impacts
Company Details
Laxmi Dental Limited
Office No. 103, Akruti Arcade, J. P. Road, Opposite A.H. Wadia High School, Andheri (West) Mumbai,Maharashtra-400058, India
Website: https://www.laxmidentallimited.com/
Phone: +91 226143799
Email: co.sec@laxmidentallimited.com
IPO Registar Details
Link Intime India Private Limited
Phone: +91-22-4918 6270
Email: laxmidental.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
FAQs
The key objectives of Laxmi Dental IPO are:
- Repayment/prepayment of certain borrowings by the Company, in full or part.
- Investment in Subsidiaries for repayment/prepayment of their borrowings.
- Funding capital expenditure for purchasing new machinery for the Company.
- Investment in Bizdent Devices Private Limited for purchasing new machinery.
- General corporate purposes.
Motilal Oswal Investment Advisors Limited, Nuvama Wealth Management Limited and SBI Capital Markets Limited are the book-running lead managers for the Laxmi Dental IPO.