Laxmi Dental is an integrated dental products offering company. The company offers various products such as custom-293 crowns and bridges, branded dental products i.e., clear aligners, thermoforming sheets, and paediatric dental products. The company manufactures dental products across 6 manufacturing facilities across 147,029.63 square feet.
The company is the largest exporter for custom made dental prosthesis, primarily catering to the US and UK markets. From Fiscal 2022 to 2024, the dental laboratories business has a reach of 22,000+ dental clinics. As per the F&S report, the Indian market for custom-made crowns is expected to grow from USD 1.4 billion to USD 3.1 billion by 2030 at 11.8%. And aligner market is estimated to grow from USD 133.6 million to USD 569 million at 23% growth rate. The company sells aligner solutions in tier 1, tier II, and tier III cities.
Laxmi Dental IPO open date is January 13, 2025 and the IPO will close on January 15, 2025. The company to raise around ₹698.06 crores via IPO that comprises fresh issue of ₹138 crores and offer for sale up to 1,30,85,467 equity shares with face value of ₹2 each.
Laxmi Dental IPO price band is ₹407 to ₹428 per share. The retail quota is 10%, QIB is 75%, and HNI is 15%. Laxmi Dental IPO to list on BSE, NSE on January 20, 2025. The allotment of Laxmi Dental IPO date is January 16, 2025. The company reported revenue of ₹195.26 crores in 2024 against ₹163.84 crore in 2023. The company reported profit of ₹25.23 crores in 2024 against loss of ₹4.16 crores in 2023.
Laxmi Dental IPO Details
| IPO Open Date: | January 13, 2025 |
| IPO Close Date: | January 15, 2025 |
| Face Value: | ₹2 Per Equity Share |
| IPO Price Band: | ₹407 to ₹428 Per Share |
| Issue Size: | Approx ₹698.06 Crores |
| Fresh Issue: | Approx ₹138 Crores |
| Offer for Sale: | Approx ₹560.06 Crores, 1,30,85,467 Equity Shares |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 10% |
| QIB Quota: | Not more than 75% |
| NII Quota: | Not more than 15% |
Laxmi Dental IPO Timeline
The Laxmi Dental IPO date is January 13 and the close date is January 15. The Laxmi Dental IPO allotment will be finalized on January 16 and the IPO listing on January 20.
| IPO Open Date: | January 13, 2025 |
| IPO Close Date: | January 15, 2025 |
| Basis of Allotment: | January 16, 2025 |
| Refunds: | January 17, 2025 |
| Credit to Demat Account: | January 17, 2025 |
| IPO Listing Date: | January 20, 2025 |
Laxmi Dental IPO Lots
| IPO Activity | Date |
|---|---|
| Issue Price | ₹407.00-428.00 |
| Market Lot: | 33 Shares |
| 1 Lot Amount: | ₹14124 |
| Min Small HNI Lots(2-10 Lakh): | 495 shares (15 lots) – ₹211860 |
| Min Big HNI Lots(10+ Lakh): | 2343 shares (71 lots) – ₹1002804 |
Laxmi Dental Limited Financial Analysis and Key Metrics
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| 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 | 44.57 | 19.48 | 22.94 |
| Total Borrowing | 40.91 | 42.03 | 31.44 | 29.63 |
