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.
Laxmi Dental IPO – Details
| IPO Opening Date | 13 January 2025 |
| IPO Closing Date | 15 January 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 1,63,09,766 Shares Worth ₹698.06 Crore Fresh Issue: 32,24,299 Shares Worth ₹138.00 Crore Offer for Sale: 1,30,85,467 Shares Worth ₹560.06 Crore |
| Face Value | ₹2 per equity share |
| IPO Price | ₹407 – ₹428 per share |
| Market Lot | 33 Shares |
| Min Order | 33 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Laxmi Dental IPO – Date Schedule
| IPO Open Date | 13 January 2025 |
| IPO Close Date | 15 January 2025 |
| Basis of Allotment | 16 January 2025 |
| Initiation of Refund | 17 January 2025 |
| Credit of Shares to Demat Account | 17 January 2025 |
| IPO Listing Date | 20 January 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 15, 2025 |
Laxmi Dental IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 33 | ₹14,124 |
| Retail (Max) | 14 | 462 | ₹1,97,736 |
| S-HNI (Min) | 15 | 495 | ₹2,11,860 |
| S-HNI (Max) | 70 | 2,310 | ₹9,88,680 |
| B-HNI (Min) | 71 | 2,343 | ₹10,02,804 |
Competitive 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 provide a competitive advantage in the market;
- Robust technologically advanced capabilities with stringent regulatory compliance ensuring high quality standards.
Company Promoters
- Rajesh Vrajlal Khakhar
- Sameer Kamlesh Merchant
- Dharmesh Bhupendra Dattani
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 138.07 | 143.39 | -18.67 | 29.63 |
| 31 March 2023 | 163.84 | 167.75 | -4.16 | 31.44 |
| 31 March 2024 | 195.26 | 186.65 | 25.22 | 42.03 |
| 30 September 2024 | 117.90 | 103.41 | 22.73 | 40.91 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 78.78% |
| ROCE | 19.97% |
| Debt/Equity | 0.94 |
| RoNW | 78.78% |
| PAT Margin | 13.03 |
| Price to Book Value | 49.59 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 4.88 | 8.27 |
| P/E (x) | 87.77 | 51.73 |
Object Of The Issue
- 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 purchasing new machinery for the Company.
- Investment in our subsidiary, Bizdent Devices Private Limited, is needed for the capital expenditure requirements for the purchase of new machinery.
- General corporate purposes.
Laxmi Dental IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 5 | Poly Medicure Limited | 94.02 |
Laxmi Dental IPO Promoter Holding
| Pre Issue Share Holding | 46.56% |
| Post Issue Share Holding | – |
Laxmi Dental IPO Prospectus
Company Contact Information
| 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/ |
Laxmi Dental IPO Registrar
| 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 Lead Manager(s)
| 1. SBI Capital Markets Limited 2. Nuvama Wealth Management Limited 3. Motilal Oswal Investment Advisors Limited |
Laxmi Dental IPO FAQs
| What is Laxmi Dental IPO? Laxmi Dental IPO is a main-board IPO. The issue is priced at ₹407 to ₹428 per equity share. The IPO is to be listed on BSE & NSE. |
| When Laxmi Dental IPO will open? The IPO is to open on 13 January 2025 for QIB, NII, and Retail Investors. |
| What is Laxmi Dental IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| How to Apply the Laxmi Dental IPO? You can apply Laxmi Dental IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Laxmi Dental IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Laxmi Dental IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Laxmi Dental IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Laxmi Dental IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Laxmi Dental IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Laxmi Dental IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Laxmi Dental IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Laxmi Dental IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Laxmi Dental IPO Size? Laxmi Dental IPO size is ₹698.06 Crore. |
| What is the Laxmi Dental IPO Price Band? Laxmi Dental IPO Price Band is ₹407 to ₹428. |
| What is Laxmi Dental IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 33 Shares with ₹14,124 amount while the maximum bid is 462 Shares with ₹1,97,736. |
| What is the Laxmi Dental IPO Allotment Date? Laxmi Dental IPO allotment date is 16 January 2025. |
| What is the Laxmi Dental IPO Listing Date? Laxmi Dental IPO listing date is 20 January 2025. The IPO is to be listed on BSE and NSE. |
