Laxmi Dental IPO
Laxmi Dental IPO is listed on BSE and NSE, priced at ₹407–₹428 per share. The stock debuted at ₹542, delivering a listing gain of 26.6%. The IPO had a lot size of ₹33 shares and a minimum investment of ₹14,124.
Laxmi Dental Limited IPO
- IPO Dates
- Jan 13, 2025 – Jan 15, 2025
- Price band
- ₹407-428 per equity share
- Minimum Investment
- ₹14,124
- Issue size
- ₹698.06 Cr
- Lot size
- 33
- Allotment Date
- Jan 16, 2025
- Listing
- Jan 20, 2025
- Listing At
- BSE, NSE
IPO timeline
-
Jan 13, 2025
Open Date
Completed
-
Jan 15, 2025
Close Date
Completed
-
Jan 16, 2025
Allotment Date
Completed
-
Jan 20, 2025
Listing Date
Completed
Price Summary
- Last closing
- 202.00 (-52.8%)
- 52 week high
- 509.95
- 52 week low
- 155.88
- Last update
Laxmi Dental IPO Essentials
Laxmi Dental IPO Details
Laxmi Dental IPO is priced at ₹407-428 per share with a total issue size of 698.06 crore. The IPO has a lot size of 33 shares and is listed on BSE and NSE.
- Issue price
- ₹407-428 per equity share
- Lot size
- 33 shares
- Face value
- ₹2 Per Equity Share
- Issue size
- Total ₹698.06 Cr :
#Fresh Issue : 33,82,352 shares(aggregating up to ₹138.00 Cr) +
#OFS : 1,30,85,467 shares of ₹2(aggregating up to ₹560.06 Cr) - Total issue size
- 1,63,09,766 shares
(aggregating up to ₹698.06 crore) - Fresh issue
- 32,24,299 shares
(aggregating up to ₹138 crore) - Offer for sale (OFS)
- 1,30,85,467 shares
(aggregating up to ₹560.06 crore) - Listing at
- BSE, NSE
- List price
- 542.0(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Nuvama Wealth Management Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited
Market Lot Size
Investors can bid for a minimum of 33 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 33 | ₹14,124 |
| Retail(max) | 14 | 462 | ₹1,97,736 |
| sHNI(min) | 15 | 495 | ₹2,11,860 |
| sHNI(max) | 70 | 2,310 | ₹9,88,680 |
| sHNI(min) | 71 | 2,343 | ₹10,02,804 |
Laxmi Dental IPO Reservation
Laxmi Dental IPO reservation details show category-wise allocation of shares. Out of the total 1,63,09,766 shares, approximately 30% are reserved for QIB, 15% for NII, 10% for retail investors, and 45% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 73,39,395 (45%) | |
| QIB Shares Offered | 48,92,931 (30%) | |
| NII (HNI) Shares Offered | 24,46,464 (15%) | |
| bHNI > ₹10L | 16,30,976 (10%) | 3,294 |
| sHNI < ₹10L | 8,15,488 (5%) | 1,647 |
| Retail Shares Offered | 16,30,976 (10%) | 49,423 |
| Total Shares Offered | 1,63,09,766 (100%) |
Laxmi Dental IPO Analytics
Laxmi Dental IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Laxmi Dental IPO Subscription Status
Laxmi Dental IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 48,92,931 |
24,46,464
16,30,976
8,15,488
|
16,30,976 | 89,70,371 |
|
Day 1
13-01-25 05:00 PM
|
0.13 x |
10.87x
10.58x
11.45x
|
12.48 x | 5.30 x |
|
Day 2
14-01-25 05:00 PM
|
0.84 x |
37.41x
39.38x
33.49x
|
29.51 x | 16.03 x |
|
Day 3
15-01-25 05:00 PM
|
110.38 x |
147.81x
167.68x
108.06x
|
75.56 x | 114.26 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 43,13,159 (Approx) | 34.53x | 103.86x | 59.45x |
Laxmi Dental Valuations
Earnings
- EPS Pre IPO
- ₹4.88/-
- EPS Post IPO
- ₹8.27/-
- P/E Pre IPO
- 87.77
- P/E Post IPO
- 51.73
Returns
- ROE
- 78.78%
- ROCE
- 19.97%
- RoNW
- 78.78%
- PAT Margin
- 13.03
Fundamentals
- Debt / Equity
- 0.94
- Price / Book
- 49.59
Laxmi Dental Financials( In Crs.)
| 30-Sep-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|---|
| 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 | 40.91 | 19.48 | 22.94 |
| Total Borrowing | 40.91 | 42.03 | 31.44 | 29.63 |
Laxmi Dental Company & Offer Insights
About Laxmi Dental
Laxmi Dental is an India-based full-integrated dental products company providing a wide gamut of customized crowns, clear aligners, thermoforming sheets, and products for pediatric dentistry. Revenues in FY 2023 ranked the firm as one of the two biggest dental laboratories in India. In addition to Indian customers, exports are made to more than 95 countries worldwide, and 300 cities of India are covered for distribution.
Laxmi Dental has built a network of 20,000+ dental clinics, companies, and dentists with more than 20 years of market presence. Its six manufacturing units cover 146,804.42 sq. ft. and are located at Maharashtra and Kerala, while another five are set up in metros. As on March 31, 2024, 2,299 full-time professionals work for the company to enhance its pursuit of innovative and quality dentistry.
Laxmi Dental Promoter(s)
Rajesh Vrajlal Khakhar, Sameer Kamlesh Merchant, Dharmesh Bhupendra Dattani are the company's promoters of Laxmi Dental.
Laxmi Dental IPO Issue Objectives
- •
- 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 the purchase of new machinery for the Company.
- •
- Investment in our Subsidiary, Bizdent Devices Private Limited, for the capital expenditure requirements for the purchase of new machinery.
- •
- General corporate purposes.
Laxmi Dental IPO - Anchor Investors
Laxmi Dental mobilises over Rs 314 crore via anchor book.
Marquee names like Abu Dhabi Investment Authority, Nomura Trust, Goldman Sachs, Eastspring Investments, and Natixis International Funds invested in the company via anchor book.
Further ICICI Prudential Mutual Fund, HDFC Mutual Fund, Kotak Mahindra Trustee, Aditya Birla Sun Life Trustee, Whiteoak Capital, Ashoka Whiteoak ICAV, Invesco, Mirae Mutual Fund, Quant MF, Tata Mutual Fund, DSP Mutual Fund, UTI Mutual Fund, HSBC India, Birla Sun Life Insurance and Max Life Insurance also participated in the anchor book and became shareholders of Laxmi Dental.
Laxmi Dental IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Laxmi Dental Limited | 4.8 | 4.8 | 8.63 | 87.77 | 78.78 | 53.5 | Consolidated |
| Poly Medicure Ltd. | 26.92 | 26.9 | 153.22 | 94.02 | 19.05 | 16.53 | Consolidated |
Notes:
- Return on Net Worth is calculated as restated net profit after tax divided by average total equity (net worth).
- EPS denotes total earnings per share from Continuing Operations and Discontinued Operations.
Contact Information
Contact Details
Laxmi Dental
+91 226143799
https://www.laxmidentallimited.com/
Office No. 103, Akruti Arcade, J. P. Road, Opposite A.H. Wadia High School Andheri (West), Mumbai, 400058
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Laxmi Dental IPO is a book-built IPO worth ₹698.06 crore. The price band is ₹407–₹428 per share. The IPO opens on Jan 13, 2025 and closes on Jan 15, 2025. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of Laxmi Dental IPO is ₹407 to ₹428 per share.
The lot size of Laxmi Dental IPO is 33 shares.
The minimum investment for Laxmi Dental IPO is approximately ₹14,124 based on the upper price band .
Laxmi Dental IPO opens on Jan 13, 2025 and closes on Jan 15, 2025.
The allotment date of Laxmi Dental IPO is Jan 16, 2025.
Laxmi Dental IPO is expected to be listed on Jan 20, 2025, on BSE and NSE .
Laxmi Dental IPO listed on Jan 20, 2025. It was issued at ₹542.0(NSE) and is currently around ₹202.00 as on 14-May-2026 3:30 PM, which is approximately -52.8% versus issue price. The 52-week high is ₹509.95.
Based on listing and post-listing performance, Laxmi Dental IPO delivered around -52.8% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Laxmi Dental IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Laxmi Dental IPO valuation snapshot: P/E 51.73, EPS ₹8.27/-, P/B 49.59, RoNW 78.78%, and market cap N/A.
To apply for Laxmi Dental IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Laxmi Dental IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Laxmi Dental IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Laxmi Dental IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Laxmi Dental IPO allotment status on IPO Ji for quick and easy access.