Laxmi Dental IPO
GMP, Subscription, Price, Dates & Financial Details
Laxmi Dental Limited, established for over 20 years, is a leading integrated dental products company in India, with operations spanning across six manufacturing facilities. It offers a comprehensive range of products, including custom-made crowns and bridges, branded dental products like clear…
Open Date
Mon, 13 Jan 2025
Close Date
Wed, 15 Jan 2025
Price Band
₹ 407 – 428
Lot Size
33
Issue Size
₹ 698.06 Cr
Minimum Investment
₹ 14,124 (33 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Laxmi Dental IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹698.06 Crore, comprising a fresh issue of 32.24 Lakh equity shares aggregating to ₹138.00 Crore and an offer for sale (OFS) of 1.31 Crore equity shares aggregating to ₹560.06 Crore by the existing shareholders.
The Laxmi Dental IPO remained open for subscription from January 13, 2025, to January 15, 2025. The basis of allotment was finalized on January 16, 2025, and the company's shares were listed on the NSE and BSE on January 20, 2025.
The company had fixed the price band at ₹407 to ₹428 per share, with a lot size of 33 shares. Retail investors were required to make a minimum investment of ₹14,124 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Motilal Oswal Investment Advisors Ltd, Nuvama Wealth Management Limited, and SBI Capital Markets Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Laxmi Dental Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Laxmi Dental IPO Timeline (Tentative)
- IPO Open Date
- Mon, 13 Jan 25
- IPO Close Date
- Wed, 15 Jan 25
- Basis of Allotment
- Thu, 16 Jan 25
- Initiation of Refunds
- Fri, 17 Jan 25
- Credit of Shares to Demat
- Fri, 17 Jan 25
- Listing Date
- Mon, 20 Jan 25 — NSE & BSE
Open Date
13 January 2025
Close Date
15 January 2025
Basis Of Allotment
16 January 2025
Listing Date
20 January 2025
IPO Subscription
Check Live Subscription →The Laxmi Dental IPO has received bids for 1,02,49,20,798 shares against 89,70,371 shares offered, resulting in an overall subscription of 114.26x. the NII category is subscribed 147.81x, Retail Investors 75.56x, and QIBs 110.38x. Within the NII category, BNII is subscribed 167.68x, while SNII is subscribed 108.06x.
QIB
110.38x
NII
147.81x
BNII
167.68x
SNII
108.06x
RII
75.56x
Total
114.26x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 16,30,976 shares, representing 10% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 48,92,931 shares (30%), while Non-Institutional Investors (NIIs) receive 24,46,464 shares (15%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 7,339,395 | 45% |
| Qualified Institutions | 4,892,931 | 30% |
| Non-Institutional | 2,446,464 | 15% |
| BNII | 1,630,976 | 10% |
| SNII | 815,488 | 5% |
| Retail Investors | 1,630,976 | 10% |
| Total | 16,309,766 | 100% |
Financials Details(₹ in Crores)
| Particular | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 158.22 | 134.52 | 96.54 | 102.75 |
| Revenue | 117.9 | 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 |
| Reserve & Surplus | 0 | 0 | 0 | 0 |
| Total Borrowings | 40.91 | 42.03 | 31.44 | 29.63 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Laxmi Dental Limited KPI Information
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 78.78 |
| ROCE % | 19.97 |
| Debt / Equity | 0.94 |
| RoNW % | 78.78 |
| Pat Margin % | 13.03 |
Peers Comparison
No Peer Comparision Available
About Laxmi Dental Limited
Laxmi Dental Limited, established for over 20 years, is a leading integrated dental products company in India, with operations spanning across six manufacturing facilities. It offers a comprehensive range of products, including custom-made crowns and bridges, branded dental products like clear aligners and thermoforming sheets, and pediatric dental solutions. By Fiscal 2024, it ranked among the top two largest Indian dental laboratories, and is the largest and most profitable vertically integrated B2B2C dental aligner solutions company.
The company is also the largest exporter of custom-made dental prosthesis in India, catering primarily to markets in the US and UK. Laxmi Dental's portfolio includes metal-free crowns, premium zirconia products, and the launch of digital dental products like the iScanPro intraoral scanner in 2024. Their laboratories adhere to US FDA regulations and ISO 13485:2016 quality standards.
Laxmi Dental is a pioneer in India's clear aligner market, with its brand "Illusion Aligners" being the first Indian brand to receive US FDA 510(k) clearance. The company operates under a B2B2C model, leveraging a network of over 22,000 dental clinics and professionals to distribute its products, ensuring rapid growth and reach. Its vertical integration gives it significant control over the supply chain, from raw materials to distribution.
Additionally, the company has a growing presence in pediatric dental products, offering innovative items like pre-formed metal-free crowns, space maintainers, and Silver Diamide Fluoride (SDF), the only US FDA-cleared version in India. Through its joint venture, Kids-E-Dental, it manufactures products used worldwide, including a globally distributed line of pediatric dental crowns.
Laxmi Dental IPO Promoters
- Rajesh Vrajlal Khakhar
- Sameer Kamlesh Merchant
- Dharmesh Bhupendra Dattani
Promoters Holding
Holding Pre Issue
46.56%
Holding Post Issue
0.00%
Laxmi Dental IPO Objective
Objects of the Fresh Issue Our Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company.
- Investment in certain Subsidiaries for the repayment/prepayment, in full or in part, of certain outstanding borrowings.
- Funding the capital expenditure requirements for purchasing new machinery for the Company.
- Investment in our subsidiary, Bizdent Devices Private Limited, is needed for the capital expenditure requirements for the purchase of new machinery.
- General corporate purposes.
Laxmi Dental Limited Address / Contact Details
Laxmi Dental Limited
Office No. 103, Akruti Arcade,
J. P. Road, Opposite A.H. Wadia High School
Andheri (West), Mumbai, 400058
Phone: +91 226143799
Email: co.sec@laxmidentallimited.com
Website: https://www.laxmidentallimited.com/
IPO Snapshot
Laxmi Dental IPO Lot Size
The Laxmi Dental IPO has a lot size of 33 shares. Retail investors require a minimum investment of ₹14,124 by applying for 1 lot (33 shares). The maximum application allowed for the retail category is 14 lots (462 shares), requiring an investment of ₹1,97,736.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 33 | 14,124.00 |
| Retail (Max) | 14 | 462 | 197,736.00 |
| S-HNI (Min) | 15 | 495 | 211,860.00 |
| S-HNI (Max) | 70 | 2,310 | 988,680.00 |
| B-HNI (Min) | 71 | 2,343 | 1,002,804.00 |
Issue Reservation
- Anchor Investors — 45%
- QIB — 30%
- NII — 15%
- RII — 10%
Book Running Lead Managers
- Motilal Oswal Investment Advisors Ltd
- Nuvama Wealth Management Limited
- SBI Capital Markets Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Laxmi Dental IPO?
Laxmi Dental IPO is a Book-building IPO with a total issue size of ₹698.06 crore. The Laxmi Dental IPO price band is ₹407 to 428 per share. The Laxmi Dental IPO subscription opens on Mon, Jan 13, 2025, and closes on Wed, Jan 15, 2025. The Laxmi Dental IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Laxmi Dental IPO.
When will the Laxmi Dental IPO open for subscription?
The Laxmi Dental IPO opens on Mon, Jan 13, 2025 and closes on Wed, Jan 15, 2025
What is Laxmi Dental IPO Price Band?
Laxmi Dental IPO Price Band is ₹407 to 428 per share.
What is Laxmi Dental IPO Lot Size?
Laxmi Dental IPO lot size is 33 shares, Retail investors need a minimum investment of ₹14124 based on the upper price band
What is the minimum investment for Laxmi Dental IPO?
The minimum investment for Laxmi Dental IPO is ₹14124, based on one lot of 33 shares at the upper price band of ₹428 per share.
How to apply for Laxmi Dental IPO?
Investors can apply for the Laxmi Dental IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Jan 15, 2025. The application amount remains blocked until the Laxmi Dental IPO allotment is finalized.
What is Laxmi Dental IPO Issue Size?
Laxmi Dental IPO issue size is ₹698.06 crores.
What is the Laxmi Dental IPO Allotment Date?
Laxmi Dental IPO allotment date is Thu, Jan 16, 2025.
Who is the Laxmi Dental IPO Registrar?
The registrar for Laxmi Dental IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Laxmi Dental IPO allotment status, refund processing, and other IPO-related information.
What is the Laxmi Dental IPO GMP?
The Laxmi Dental IPO GMP (Grey Market Premium) is ₹145 as of Mon, Jan 20, 2025. Based on the upper price band of ₹428 per share, the estimated Laxmi Dental IPO listing price is ₹573, indicating a potential listing gain of approximately 33.88% over the issue price.
Who is the Laxmi Dental IPO Lead Manager?
The book-running lead managers (BRLMs) for the Laxmi Dental IPO are Motilal Oswal Investment Advisors Ltd, Nuvama Wealth Management Limited, and SBI Capital Markets Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Laxmi Dental IPO Red Herring Prospectus (RHP).