Laxmi Dental Ltd is gearing up to launch its Rs 698.06 Crore IPO. The application for the same will start from 13th to 15th of January. This IPO consists of a fresh issue worth Rs 138 crore and an offer for sale amounting to Rs 560.06 crore. The firm will be listed on both NSE and BSE.
Laxmi Dental IPO is a book-building issue, requiring retail investors to make a minimum investment of Rs 14,124 to participate. Small NIIs must invest at least Rs 2,11,860 for 495 shares, equivalent to 15 lots. Large NIIs need a minimum investment of Rs 10,02,804 for 2,343 shares, which amounts to 71 lots.
Link Intime India Private Ltd is the registrar for this offering. Whereas Nuvama Wealth Management Ltd, Motilal Oswal Investment Advisors Ltd, SBI Capital Markets Ltd are the lead managers for the Laxmi Dental IPO.
Laxmi Dental IPO GMP
The latest updated GMP of the Laxmi Dental IPO is Rs 165, as of 9th Jan, 2025 10:53 AM. The IPO has a price band of Rs 428. The estimated listing price for Laxmi Dental IPO is Rs 593, reflecting a potential gain of 38.55% per share.
| Date | GMP | Expected Listing Price | Last Updated |
| 09-01-2025 | Rs 165 | Rs 593 | 10:53 AM |
| 08-01-2025 | Rs 155 | Rs 583 | 10:32 PM |
Laxmi Dental IPO Details
| Face Value | Rs 2 per Share |
| Lot Size | 33 Shares |
| Price Band | Rs 407 to Rs 428 |
| Listing At | NSE, BSE |
| Total Issue Size | 1,63,09,766 Shares (aggregating up to Rs 698.06 Cr) |
| Fresh Issue | 32,24,299 Shares (aggregating up to Rs 138 Cr) |
| Offer-for-sale | 1,30,85,467 Shares (aggregating up to Rs 560.06 Cr) |
| DRHP | Click Here |
| RHP | Click Here |
Laxmi Dental IPO Timeline
| Open – Close Date | 13th Jan to 15th Jan |
| Last UPI Mandate Confirmation | 5 PM on 15th Jan |
| IPO Allotment | 16th Jan |
| Amount Refund | 17th Jan |
| Credit of Shares | 17th Jan |
| Listing Date | 20th Jan |
Laxmi Dental IPO Lot Size
| Application | Lot | Size | Amount |
| Retail (Min) | 1 | 33 | Rs 14,124 |
| Retail (Max) | 14 | 462 | Rs 1,97,736 |
| S-HNI (Min) | 15 | 495 | Rs 2,11,860 |
| S-HNI (Max) | 70 | 2,310 | Rs 9,88,680 |
| B-HNI (Min) | 71` | 2,343 | Rs 10,02,804 |
Laxmi Dental Company Details
- Laxmi Dental Limited was established in July 2004 and specialises in dental products.
- The company provides custom crowns, bridges, clear aligners, thermoforming sheets, aligner-related products, and pediatric dental items.
- It markets thermoforming sheets, 3D printing resins, and clear aligner manufacturing machines under the Taglus brand.
- The company follows a fully integrated model, managing design, manufacturing, and distribution.
- By 30th September 2024, it operated six manufacturing units in Mumbai, Boisar, and Kochi, with five supporting facilities in cities like Delhi and Bengaluru.
- Its dental network serves over 22,000 clinics and dentists across 320+ cities in India.
- Laxmi Dental exports its products to over 90 countries, with a strong global presence.
- As of 30th September 2024, it employed 2,372 people in different roles.
Is Laxmi Dental IPO Worth Investing?
| Ended On | Sept 2024 | March 2024 | March 2023 | March 2022 |
| Assets | Rs 158.22 Cr | Rs 134.52 Cr | Rs 96.54 Cr | Rs 102.75 Cr |
| Revenue | Rs 117.9 Cr | Rs 195.26 Cr | Rs 163.84 Cr | Rs 138.07 Cr |
| PAT | Rs 22.74 Cr | Rs 25.23 Cr | Rs -4.16 Cr | Rs -18.68 Cr |
Financial Performance:
Revenue: The company generated Rs 117.9 crore in revenue during the period ended on 30th September, 2024. Revenue has generally increased over the periods, though there was a slight decline in the latest period.
Net Worth: The company’s net worth, which represents the total value of the company’s assets minus its liabilities, is Rs 67.09 crore.
Financial Position:
Assets: The company’s total assets amounted to Rs 158.22 crore as of September 2024. Assets have grown significantly, indicating potential expansion and investment.
Profit After Tax (PAT): the company generated PAT of Rs 22.74 crore as of September 2024. Profitability has fluctuated considerably, with a significant drop in the latest period.
Laxmi Dental IPO FAQs:
What is the price band of the Laxmi Dental IPO?
Laxmi Dental IPO Price Band is Rs 407 to Rs 428.
What is the issue size of the Laxmi Dental IPO?
Laxmi Dental IPO issue size is Rs 698.06 crores.
What is the lot size of the Laxmi Dental IPO?
The size of 1 lot is 33 Shares with a minimum amount bid of Rs 14,124.
What is the allotment and listing date of the Laxmi Dental IPO?
The allotment date of the IPO is 16th Jan and the listing date for the same is 20th Jan.
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