Laxmi Dental

Laxmi Dental Limited - IPO

MAINBOARD

Laxmi Dental Stock Price

401.60 A2ZIPO
-2.40 (-0.59%)
16 May, 2025 12:14:54 PM | All Prices in ₹
Previous Close
404.00
Open
407.85
High
408.50
Low
400.45
Exchange
NSE
52 week High (20 Jan 2025)
584.00
52 week Low (28 Feb 2025)
313.20
Upper Price Band
484.80
Lower Price Band
323.20
Price Band
20.00%
400.25 A2ZIPO
-4.40 (-1.09%)
16 May, 2025 04:01:00 PM | All Prices in ₹
Previous Close
404.65
Open
407.00
High
407.95
Low
399.55
Exchange
BSE
52 week High
583.70
52 week Low
307.55
Upper Price Band
485.55
Lower Price Band
323.75
Price Band
20.00%

Laxmi Dental IPO Details

Open Date
13 Jan 2025
Close Date
15 Jan 2025
Listing Date
20 Jan 2025
Issue Price
₹407 - ₹428
Face Value
₹2 per share
Lot Size
33
GMP
₹145 (33.9%)
Issue Type
IPO
Listing On
NSE, BSE
Type
Book Built Issue
Share holding pre issue
51737850
Share holding post issue
-
Total Issue Size
1,63,09,766 shares (aggregating up to ₹698.06 Cr)
Fresh Issue
32,24,299 shares (aggregating up to ₹138.00 Cr)
Offer for Sale
1,30,85,467 shares (aggregating up to ₹560.06 Cr)

Laxmi Dental IPO Subscription

Laxmi Dental IPO Application Wise Breakup (Approx)

Laxmi Dental IPO Dates

  • 13 Jan 2025
    Opening dateOPD
  • 15 Jan 2025
    Closing dateCOD
  • 16 Jan 2025
    Basis of AllotmentBOA
  • 17 Jan 2025
    Initiation of RefundsIOR
  • 17 Jan 2025
    Credit of SharesCOS
  • 20 Jan 2025
    Listing dateLID

Laxmi Dental IPO Lot Size

ApplicationLotsSharesAmount
Retain Minimum133₹14,124
Retain Maximum14462₹197,736
SHNI Minimum15495₹211,860
SHNI Maximum702310₹988,680
BHNI Minimum712343₹1,002,804

Laxmi Dental IPO Reservation

Promoter Holding

Pre Issue:46.56%
Post Issue:42.68%
Promoter Names:
Rajesh Vrajlal Khakhar, Sameer Kamlesh Merchant, Dharmesh Bhupendra Dattani

Laxmi Dental IPO Valuations

ROE:78.78%
ROCE:19.97%
DEBT/EQUITY:0.94
RONW:78.78%
PAT MARGIN:13.03
PRICE TO BOOK VALUE:49.59
EPS Pre IPO:4.88
EPS Post IPO:8.27
P/E Pre IPO:87.77
P/E Post IPO:51.73

Laxmi Dental Limited Financial Information

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets158.22134.5296.54102.75
Revenue117.9195.26163.84138.07
Profit After Tax22.7425.23-4.16-18.68
Net Worth67.0944.5719.4822.94
Total Borrowing40.9142.0331.4429.63
Amount in ₹ Crore

About Laxmi Dental IPO

Incorporated in July 2004, Laxmi Dental Limited is an integrated dental products company. The company offers custom crowns and bridges, branded dental items like clear aligners and thermoforming sheets, aligner-related products as part of its aligner solutions, and pediatric dental products.

Their product portfolio includes custom crowns and bridges, clear aligners, thermoforming sheets, pediatric dental products, and more.

The company offers thermoforming sheets, biocompatible 3D printing resins, and machines for manufacturing clear aligners under the brand name Taglus.

The company operate a fully integrated model, meaning they handle the entire process from design and manufacturing to distribution of dental products.

As of September 30, 2024, the company has six manufacturing facilities: three in Mira Road, Mumbai, two in Boisar, and one in Kochi, along with five supporting facilities in Mumbai, Delhi, Bengaluru, and Ahmedabad.

As of September 30, 2024, the company’s dental network includes over 22,000 clinics and dentists across more than 320 cities nationwide.

The company has significant presence in both domestic and international markets, exporting to over 90 countries.

As of September 30, 2024, the company had 2,372 employees in various departments.

Competitive strengths

  1. The only integrated dental products company in India, well-positioned to capture industry tailwinds;
  2. Second largest player in domestic laboratory business and largest export laboratory with increasing adoption of digital dentistry;
  3. Vertically integrated diverse branded product portfolio;
  4. Large Dental Network provide a competitive advantage in the market;
  5. Robust technologically advanced capabilities with stringent regulatory compliance ensuring high quality standards.

Strength Of Laxmi Dental IPO

1. The only integrated dental products company in India, well-positioned to capture industry tailwinds.

2. Second largest player in domestic laboratory business and largest export laboratory with increasing adoption of digital dentistry.

3. Vertically integrated diverse branded product portfolio.

4. Large Dental Network providing us with competitive advantage in the market.

5. Robust technologically advanced capabilities with stringent regulatory compliance ensuring high quality standards.

6. Experienced management team with significant industry experience.

Risk Of Laxmi Dental IPO

1. The Company has reported consolidated loss after tax, negative earning per share for Fiscals 2023 and 2022, and written off Assets in last three Fiscals and its cannot assure that the company will not experience such events in the future.

2. Its Statutory Auditors have included an emphasis of matter in their auditor's report on its audited financial statements as at and for the Financial Year ended 2024 and 2023.

3. Its business success depends on expanding the company Dental Network, recommendations by its Dental Network and increasing the wallet share per dental clinic, dental company and dentist. Failures to achieve this in a cost-effective manner could have an adverse effect on its business, results of operations and financial condition.

4. The company's business is concentrated in certain jurisdictions, globally and domestically, and any loss of business in such regions could have an adverse effect on its business, results of operations and financial condition.

5. There are outstanding legal proceedings involving the Company, Subsidiaries, Promoters, and Directors which could have an adverse effect on its business, financial condition and results of operations.

6. The company's business depends heavily on its reputation and perception of the company brands. Any negative publicity or other harm to its brand or failures to maintain and enhance the company brand recognition and maintain such quality standards may materially and adversely affect its reputation, business, results of operations and financial condition.

7. All its major manufacturing facilities are situated in and around Mumbai and any disruptions in the region could have a material and adverse effect on its business, financial condition and results of operations.

8. Import and Exports are material to its business operation. Further, a failures to manage the company business in overseas markets or its inability to grow the company business in new geographic markets may affect its growth, which could have a material adverse effect on its business, operations, prospects or financial condition.

9. Its inability to effectively manage the company growth or to successfully implement its business plan and growth and expansion strategy could have an adverse effect on the company business, results of operations and financial condition.

10. There is an outstanding legal proceeding involving its Promoter, Chairperson and Whole-time Director. Any adverse decision in such proceeding could have an adverse effect on its business, financial condition and results of operations.

Objectives Laxmi Dental IPO

  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 purchasing new machinery for the Company.
  4. Investment in our subsidiary, Bizdent Devices Private Limited, is needed for the capital expenditure requirements for the purchase of new machinery.
  5. General corporate purposes.

Company Contact Details

Laxmi Dental Limited
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

Name: Link Intime India Private Ltd
Phone: +91-22-49186200

Lead Mangers

  1. SBI Capital Markets Limited

  2. Motilal Oswal Investment Advisors Limited

  3. Nuvama Wealth Management Limited

Comments