IPO - Check IPO Date, Price, Lot Size

Laxmi Dental Ltd IPO

Being India's only end-to-end integrated dental products company as at September 30, 2024, our comprehensive portfolio includes custom-made crowns and bridges, branded dental products such as aligner solutions including clear aligners, thermoforming sheets, aligner-related products, and paediatric dental products. Our presence spans 20+ years, and per the F&S Report, based on revenue for Fiscal 2024, we are amongst the top two largest Indian dental laboratories.

Laxmi Dental Ltd IPO Details

Total Shares Offered

₹ 1,63,09,766

Offer to Public

1,30,85,467

Retail Max (Shares)

₹ 16,30,977

Pre Issue Promoters Holding

₹ 2,40,91,330

Exchange

BSE

Issue size

₹ 698.06 Cr

IPO Open Date

Jan 13, 2025

Close Date

Jan 15, 2025

Lot Size

Min Investment

₹ 13,431

Issue Type

Book Building

Listing Date

Jan 20, 2025

Laxmi Dental Ltd IPO Dates

Jan 13, 2025

Opening date

Jan 15, 2025

Closing date

Jan 16, 2025

Basis of Allotment

Jan 17, 2025

Initiation of Refunds

Jan 17, 2025

Credit of Shares

Jan 20, 2025

Listing date

Details

Sector	Type
Sector	Healthcare
Sub Sector	NA
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	44.15x	12232324	540081366
NII	147.95x	2446465	361965549
Retail	76.23x	1630977	124337400
Employee	0x	0	0
Total	62.93x	16309766	1026384315

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

44.15x

147.95x

76.23x

62.93x

12232324

2446465

1630977

16309766

540081366

361965549

124337400

1026384315

Laxmi Dental Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	236.56	191.45	161.63
EBITDA	51.16	30.53	20.22
PAT	25.78	22.71	1.42
Total Assets	191.44	88.49	56.67
Share Capital	10.99	11.93	11.93
Total Borrowings	32.98	61.30	33.82
Operating Activities (Net Cash)	35.60	31.83	10.82
Investing Activities (Net Cash)	16.81	14.03	14.03
Financing Activities (Net Cash)	32.98	61.30	33.82
Net Cashflow	107.03	0.49	1.20

About Laxmi Dental Ltd

Our Company was incorporated as `Laxmi Dental Export Private Limited' as a private limited company under the Companies Act, 1956 pursuant to a certificate of incorporation dated July 8, 2004, issued by the Assistant Registrar of Companies, Maharashtra at Mumbai. Pursuant to a special resolution passed in the extra-ordinary general meeting of our Shareholders held on June 18, 2024, the name of our Company was changed to `Lxmi Dental Private Limited', and a fresh certificate of incorporation was issued to our Company by the RoC on July 24, 2024, and our Company was converted into a public limited company. Consequently, the name of our Company was further changed to 'Laxmi Dental Limited', and a fresh certificate of incorporation dated August 02, 2024, was issued by the RoC.

In terms of retail sales, (I) Indian custom-made crowns and bridges market is estimated to grow from $1.4-$3.1 billion between 2023-2030 at 11.8% compared to global market estimate from $71-$121.6 billion between 2023-2030 at 8.0%; (II) Indian clear aligner market is estimated to grow from $133.6-$569.0 million between 2023-2030 at 23.0% compared to global market estimate from $20.7-$54.9 billion between 2023-2030 at 15.0%. (III) Indian paediatric dental crown market is estimated to grow from $63.9-$164.8 million between 2023-2030 at 14.5% compared to global market estimate from $2.1-$3.5 billion between 2023-2030 at 7.5%.

Peer Comparison:

Poly Medicure Ltd

Laxmi Dental Ltd Key Points

Strengths

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

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

Vertically integrated diverse branded product portfolio.

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

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

Risk

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.

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.

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.

Strategy

Deepen our penetration amongst existing Dental Network while also expanding our Dental Network.

Continue to scale up our branded product offerings.

Undertake product enhancements of existing dental products and launch new dental products.

Enhance manufacturing capacities with increasing focus on automation and adoption of new technologies.

Continue to follow a multi-channel approach in marketing.

How To Apply for Laxmi Dental Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Laxmi Dental Ltd IPO?

Laxmi Dental Ltd's IPO offers shares for up to 138 It begins on Jan 13, 2025 and ends on Jan 15, 2025.

What is the price of the Laxmi Dental Ltd IPO?

The price of Laxmi Dental Ltd IPO ranges between ₹407 to ₹428 per share.

What are the open and close dates for the Laxmi Dental Ltd IPO?

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

When will the Laxmi Dental Ltd IPO be allotted?

The allotment for the Laxmi Dental Ltd IPO will be finalised on Jan 16, 2025. The shares will be listed on BSE and NSE on Jan 20, 2025.

What is the minimum lot size required for Laxmi Dental Ltd IPO?

The minimum lot size for Laxmi Dental Ltd IPO is 33 shares, priced between ₹407 to ₹428 per share.

What is the GMP of Laxmi Dental Ltd IPO?

The GMP (Grey Market Premium) of Laxmi Dental Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Laxmi Dental Ltd IPO?

To check the allotment status of Laxmi Dental Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Laxmi Dental Ltd IPO getting listed?

The Laxmi Dental Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jan 13, 2025, and closes on Jan 15, 2025. The allotment is finalised on Jan 16, 2025.

How do you apply for the Laxmi Dental Ltd IPO?

To apply for the Laxmi Dental Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.