Laxmi Dental Limited
India’s only fully integrated dental products manufacturer as of Sept 2024 (F&S Report, page 288), the company offers a comprehensive portfolio, including custom-made crowns and bridges, branded dental products like clear aligners, thermoforming sheets, and pediatric dental products. With over 20 years of presence, it ranks among the top two Indian dental laboratories by revenue in FY 2024. It is also the largest and most profitable indigenous B2B2C dental aligner solutions provider (F&S Report, page 286). Its dental products are manufactured across six facilities spanning 147,029.63 sq. ft. In FY 2024, the Laboratory division contributed 64.75% of revenue, Aligner solutions 28.12%, and others 7.13%.
Price Band₹407 - ₹428 |
Dates13 Jan - 15 Jan |
GMP₹114 (26.64%) |
Subscriptions114.42 times |
Issue Size₹698.06 Crs |
Laxmi Dental IPO Objects
1. Repayment of outstanding borrowings availed by the Company.
2. Investment in certain Subsidiaries for the repayment of outstanding borrowings.
3. Funding the Capex requirements for purchase of new machinery for the Company.
4. Investment in our Subsidiary, Bizdent Devices Private Limited, for the Capex requirements for the purchase of new machinery.
5. General corporate purposes.
Laxmi Dental IPO Details
Price Band₹407 - ₹428 |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹138.00 Cr (0.32 Cr Shares) |
Offer For Sale₹560.06 Cr (1.31 Cr Shares) |
Total Issue₹698.06 Cr (1.63 Cr Shares) |
Face Value₹2 per equity share |
Laxmi Dental IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
33
14,124
Maximum
14
462
1,97,736
|
|||
| Small HNI |
Minimum
15
495
2,11,860
Maximum
70
2,310
9,88,680
|
|||
| Big HNI |
Minimum
71
2,343
10,02,804
|
|||
Laxmi Dental IPO Subscription
Updated as on 15-Jan-2025 19:00:00
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 110.38 | 48,92,931 | 54,00,81,366 |
| NII | 147.95 | 24,46,464 | 36,19,65,549 |
| bNII (bids above ₹10L) | 167.68 | 16,30,976 | 27,34,89,216 |
| sNII (bids between ₹2L to ₹10L) | 108.49 | 8,15,488 | 8,84,76,333 |
| Retail | 76.23 | 16,30,976 | 12,43,37,400 |
| Total | 114.42 | 89,70,371 | 1,02,63,84,315 |
Subscription data excludes the Anchor Investor portion.
Laxmi Dental IPO GMP
The estimated Grey Market Premium of Laxmi Dental IPO is ₹114 per share (26.64%)
- GMPs are available for IPOs with listing dates from May 1, 2025, onwards.
- The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not less than 75% of Net Offer |
| Big HNIs (NII) | Not more than 10% of Net Offer |
| Small HNIs (NII) | Not more than 5% of Net Offer |
| Retail | Not more than 15% of Net Offer |
Laxmi Dental IPO Financials
| Particulars | Sep-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Revenue from Operations | 116.78 | 193.56 | 161.63 | 136.84 |
| 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 |
| Total Assets | 158.22 | 134.52 | 96.54 | 102.75 |
| NAV per share (in ₹) | 12.97 | 8.63 | 3.77 | 4.44 |
| EPS - Basic (in ₹) | 4.39 | 4.80 | -0.77 | -3.56 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | KPI |
|---|---|
| ROCE (%) | 19.97% |
| ROE (%) | 78.78% |
| EBITDA (%) | 12.29% |
| PAT (%) | 13.03% |
| Price to earning (PE) | 83.76 |
| Mkt Cap (in Crs.) | 2,352 |
| Price to Book (PB) | 49.59 |
- All the data pertains to FY 2023-24.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Laxmi Dental IPO Peer Comparision
| Particulars | Co. | Poly Medicure |
|---|---|---|
| Revenue from operations | 193.56 | 1,375.80 |
| Profit after Tax | 25.23 | 258.26 |
| EPS (Basic) | 4.80 | 26.92 |
| NAV per share | 8.63 | 153.22 |
| Price to Earning | 83.76 | 94.02 |
| PAT Margin (%) | 13.03% | 18.77% |
- All information pertains to FY 2023-24.
- PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of December 24, 2024 for Peers
Laxmi Dental IPO Peer Comparision
| Particulars | Co. |
|---|---|
| Revenue from operations | 193.56 |
| Profit after Tax | 25.23 |
| EPS (Basic) | 4.80 |
| NAV per share | 8.63 |
| Price to Earning | 83.76 |
| PAT Margin (%) | 13.03% |
| Poly Medicure |
|---|
| 1,375.80 |
| 258.26 |
| 26.92 |
| 153.22 |
| 94.02 |
| 18.77% |
- All information pertains to FY 2023-24.
- PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of December 24, 2024 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Rajesh Vrajlal Khakhar | 18.34% |
| Sameer Kamlesh Merchant | 17.59% |
| Dharmesh Bhupendra Dattani | 0.26% |
Management Details
| Name | Designation |
|---|---|
| Rajesh Vrajlal Khakhar | Chairperson |
| Sameer Kamlesh Merchant | MD & CEO |
| Dharmesh Bhupendra Dattani | Chief Financial Officer |
Company Details
LAXMI DENTAL LIMITED
Office No. 103, Akruti Arcade, J. P. Road, Opposite A.H. Wadia High School, Andheri (West), Mumbai – 400 058, Maharashtra, India
Email: co.sec@laxmidentallimited.com
Tel: +91 22 6143 7991
Website : www.laxmidentallimited.com
Book Running Lead Managers (BRLMs)
Motilal Oswal Investment
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SBI Capital
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MUFG Intime India
Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Laxmi Dental IPO is a Mainboard IPO having an issue size of Rs. ₹698.06 Crs. Laxmi Dental IPO is priced at ₹407 - ₹428 per share. The issue opens on 13 Jan 25 and closes on 15 Jan 25.
Laxmi Dental IPO opens on 13 Jan 25 and closes on 15 Jan 25.
The estimated Grey Market Premium of Laxmi Dental IPO is ₹114 per share (26.64%).
The minimum lot size of Laxmi Dental IPO is 33 shares & the minimum application amount is Rs. 14124.
The allotment date of Laxmi Dental IPO is 16 Jan 25.
The listing date of Laxmi Dental IPO is 20 Jan 25.
Laxmi Dental IPO is subscribed 114.42 times.
Laxmi Dental IPO is priced at ₹407 - ₹428 per share.
Click the allotment link on Laxmi Dental IPO page of IPO360.
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