Laxmi Dental IPO Details
The Laxmi Dental IPO is a book build issue with a total issue size of ₹698.06 cr, comprising of fresh issue of 3224299 equity shares., and a offer for sale of 13085467 equity shares. Laxmi Dental IPO opened for subscription on Jan 13, 2025 and closed on Jan 15, 2025. Laxmi Dental IPO is set price band at ₹407 to ₹428 per share, with a lot size of 33 shares. Minimum investment for Retail investors was ₹14,124.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jan 16, 2025, and listed on both the NSE and BSE on Jan 20, 2025.
MUFG Intime India Private Limited has been appointed as the registrar. Motilal Oswal Investment Advisors Pvt Ltd, Nuvama Wealth Management Limited and SBI Capital Markets Limited are the Book Running Lead Manager for the issue.
Before investing in the Laxmi Dental IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 407 – 428
- Lot Size
- 33
- Issue Size
- ₹698.06 Cr
- Minimum Investment
- ₹14124 (33 Shares)
- Listing Date
- 20 January 2025
Current GMP
₹145 (+33.88%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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.
Address / Contact Info
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
Book Running Lead Managers
- Motilal Oswal Investment Advisors Pvt Ltd
- Nuvama Wealth Management Limited
- SBI Capital Markets Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an 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.
The Laxmi Dental IPO opens on Mon, Jan 13, 2025 and closes on Wed, Jan 15, 2025
Laxmi Dental IPO Price Band is ₹407 to 428 per share.
Laxmi Dental IPO lot size is 33 shares, Retail investors need a minimum investment of ₹14124 based on the upper price band
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.
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.
Laxmi Dental IPO issue size is ₹698.06 crores.
Laxmi Dental IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.