Laxmi Dental Limited IPO

Mainboard

Offer Date: Jan 13, 2025 - Jan 15, 2025

Exp. Premium: 130-137 (30.37%)

₹ 14124 /33 Shares

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

Laxmi Dental IPO Details

13 Jan, 2025

Open Date

15 Jan, 2025

Close Date

16 Jan, 2025

Allotment Date

20 Jan, 2025

Listing Date

Issue Price

₹407-428 per equity share

Face Value

₹2 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

Market Lot

Retail : 33 Shares (₹14,124/-)
S-HNI : 495 Shares (₹2,11,860/-)
B-HNI : 2,343 Shares (₹10,02,804/-)

Lead Manager

Nuvama Wealth Management Limited
Motilal Oswal Investment Advisors Limited
SBI Capital Markets Limited

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)

Retail Portion

10% (Number of Retail Applications: 49,424 Approx),
(Number of S-HNI Applications : 1,647 Approx),
(Number of B-HNI Applications : 3,295 Approx)

Subscription

114.26 times

IPO Docs

DRHP RHP ANCHOR

Laxmi Dental IPO Subscription Details

As on	QIB	NII bNII sNII	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	10.87 10.58 x 11.45 x	12.48 x	5.30 x
Day 2 - 14-01-25 05:00 PM	0.84 x	37.41 39.38 x 33.49 x	29.51 x	16.03 x
Day 3 - 15-01-25 05:00 PM	110.38 x	147.81 167.68 x 108.06 x	75.56 x	114.26 x

Total No. of Applications: 43,13,159 (Approx)

Retail Subscription on the basis of Applications: Retail:59.45x BHNI:34.53x SHNI:103.86x times

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

RoNW

78.78%

Laxmi Dental Company Financials All values are in ₹ Cr.

	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

About The 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.

Laxmi Dental - Promoter(s)

Pre Issue Share Holding: 46.56%

Post Issue Share Holding: N/A%

Company Promoter(s)

Rajesh Vrajlal Khakhar
Sameer Kamlesh Merchant
Dharmesh Bhupendra Dattani

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.

Other Details

Company Contact Details

Laxmi Dental

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/

Registrar Contact Details

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: laxmidental.ipo@linkintime.co.in

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

Laxmi Dental IPO - FAQs

Ans. Laxmi Dental Limited IPO is a Mainboard IPO. The issue is priced at ₹407-428 per equity share. The minimum order quantity is 33 Shares. The IPO opens on Jan 13, 2025, and closes on Jan 15, 2025. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Laxmi Dental Limited IPO opens on Jan 13, 2025 and closes on Jan 15, 2025.

Ans. The size of Laxmi Dental Limited IPO is 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).

Ans. The IPO price band is set between ₹407-428 per equity share.

Ans. To apply for Laxmi Dental Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Laxmi Dental Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Laxmi Dental Limited IPO is Jan 16, 2025.

Ans. The Laxmi Dental Limited IPO will be listed on Jan 20, 2025.

Ans. Follow the steps to check the allotment status for Laxmi Dental Limited IPO here.