IPO

Laxmi Dental Limited IPO

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Medical Equipment & Supplies

Listed On: Jan 20, 2025 at ₹ 542.0(NSE)

₹ 14124 /33 Shares

Check Allotment

13 Jan, 2025

Open Date

15 Jan, 2025

Close Date

16 Jan, 2025

Allotment Date

20 Jan, 2025

Listing Date
Price Summary

Last Closing

310.10 (-27.55%)

52 Week High

584.00

52 Week Low

302.00

Last Update

28-Oct-2025 3:30 PM
Laxmi Dental IPO Issue Details
  • Issue Price ₹407-428 per equity share
  • Face Value ₹2 Per Equity Share
  • Total Issue Size 1,63,09,766 shares(aggregating up to ₹698.06 crore)
  • Fresh Share 32,24,299 shares(aggregating up to ₹138 crore)
  • Offer For Sale 1,30,85,467 shares(aggregating up to ₹560.06 crore)
  • Listing at BSE, NSE
  • List Price 542.0(NSE)
  • Listing Date 2025-01-20
  • Lead Manager Nuvama Wealth Management Limited
    Motilal Oswal Investment Advisors Limited
    SBI Capital Markets Limited
  • Registrar Link Intime India Private Ltd
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.

ApplicationLotsSharesAmount
Retail (min) 133₹14,124
Retail(max)14462₹1,97,736
SHNI(min) 15495₹2,11,860
SHNI(max) 702,310₹9,88,680
BHNI(min) 712,343₹10,02,804
Laxmi Dental IPO Reservation

Laxmi Dental IPO offers total 1,63,09,766 shares. Out of which 48,92,931 (30%) allocated to QIB, 24,46,464 (15%) allocated to NII,16,30,976 (10%) allocated to RII, NA (NA%) allocated to employees and 73,39,395 (45%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered73,39,395 (45%)
QIB Shares Offered48,92,931 (30%)
NII (HNI) Shares Offered24,46,464 (15%)
bNII < ₹10L16,30,976 (10%)
sNII < ₹10L8,15,488 (5%)
Retail Shares Offered16,30,976 (10%)
Total Shares Offered1,63,09,766 (100%)
Laxmi Dental IPO Documents
DRHP
RHP
ANCHOR
Laxmi Dental IPO Details


Laxmi Dental IPO is a book-built issue of ₹698.06 crores, The total issue size is ₹698.06 crores. The IPO of Laxmi Dental is priced at ₹407-428 per equity share, which has a face value of ₹2 Per Equity Share each, IPO bidding starts from Jan 13, 2025 and ends on Jan 15, 2025. The allotment for Laxmi Dental IPO will be finalized on Jan 16, 2025. Laxmi Dental IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jan 20, 2025. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 33 shares, extendable to 14,124. S-HNIs will be able to bid for 495 shares at ₹2,11,860, while B-HNIs can also apply for a bid of 2,343 shares at ₹10,02,804. The book-running lead manager for the IPO is/are Nuvama Wealth Management Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited.

The total issue ₹698.06 crore, comprising a fresh issue of 32,24,299 shares ₹138 crore and having Offer for Sale (OFS) of 1,30,85,467 shares to mop up ₹560.06 crore.

The Laxmi Dental IPO sets its price band at 407-428 for each share. A single application for Laxmi Dental Limited IPO must contain at least 33 shares. Sentiment investors need to invest a minimum of 33 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,124 In order to participate in the sNII, investors must purchase at least 15 lots of 495 shares for ₹2,11,860, while the bNII requires 71 lots of 2,343 shares for an investment of ₹10,02,804.

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Laxmi Dental IPO Subscription Analysis And Details
Retail
75.56x
QIB
110.38x
NII
147.81x
bNII
167.68x
sNII
108.06x
Total
114.26x
As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved48,92,93124,46,464
16,30,976    8,15,488		16,30,97689,70,371
Day 1 13-01-25 05:00 PM
0.13 x10.87
10.58 x   11.45 x		12.48 x5.30 x
Day 2 14-01-25 05:00 PM
0.84 x37.41
39.38 x   33.49 x		29.51 x16.03 x
Day 3 15-01-25 05:00 PM
110.38 x147.81
167.68 x   108.06 x		75.56 x114.26 x
Total No of Applications
43,13,159
Subscription on the basis of Applications
Retail:59.45x BHNI:34.53x SHNI:103.86x
Laxmi Dental Valuations
EPS Pre IPO ₹4.88/-
EPS Post IPO ₹8.27/-
P/E Pre IPO 87.77
P/E Post IPO 51.73
ROE 78.78%
ROCE 19.97%
Debt/Equity 0.94
RoNW 78.78%
PAT Margin 13.03
Price to Book Value 49.59
Laxmi Dental Company Financials
In Crs.
In Cr.
30-Sep-2431-Mar-2431-Mar-2331-Mar-22
Assets158.22134.5296.54102.75
Revenue117.9195.26163.84138.07
Profit After Tax22.7425.23-4.16-18.68
Net Worth67.0940.9119.4822.94
Total Borrowing40.9142.0331.4429.63
About Laxmi Dental Company

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.

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Laxmi Dental - Promoter(s)

Rajesh Vrajlal Khakhar

Sameer Kamlesh Merchant

Dharmesh Bhupendra Dattani

Pre Issue Share Holding : 46.56%

Post Issue Share Holding : 41.70%

Laxmi Dental IPO - Issue Objectives
1

Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company.

2

Investment in certain Subsidiaries for the repayment/prepayment, in full or in part, of certain outstanding borrowings.

3

Funding the capital expenditure requirements for the purchase of new machinery for the Company.

4

Investment in our Subsidiary, Bizdent Devices Private Limited, for the capital expenditure requirements for the purchase of new machinery.

5

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 NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Laxmi Dental Limited4.84.88.6387.7778.7853.5Consolidated
Poly Medicure Ltd.26.9226.9153.2294.0219.0516.53Consolidated

Notes:

  1. Return on Net Worth is calculated as restated net profit after tax divided by average total equity (net worth).
  2. EPS denotes total earnings per share from Continuing Operations and Discontinued Operations.
Contact Details

Laxmi Dental

Office No. 103, Akruti Arcade, J. P. Road, Opposite A.H. Wadia High School Andheri (West), Mumbai, 400058

+91 226143799

co.sec@laxmidentallimited.com

https://www.laxmidentallimited.com/

Registrar Contact Details

Link Intime India Private Ltd

+91-22-4918 6270

laxmidental.ipo@linkintime.co.in

https://linkintime.co.in/initial_offer/public-issues.html