The highly anticipated Laxmi Dental IPO is set to open on January 13, 2025, and will close on January 15, 2025. This Book Built Issue aims to raise approximately ₹698.06 crores, with a fresh issue of ₹138 crores and an offer for sale of up to 1,30,85,467 equity shares with a face value of ₹2 each.
The price band for the Laxmi Dental IPO is set at ₹407 to ₹428 per share. The allocation for retail investors is 10%, while Qualified Institutional Buyers (QIB) will receive 75% and High Net Worth Individuals (HNI) will receive 15%. The listing of Laxmi Dental IPO on the BSE and NSE is scheduled for January 20, 2025, with the allotment date set for January 16, 2025.
In terms of financial performance, the company reported revenue of ₹195.26 crores in 2024, up from ₹163.84 crores in 2023. Additionally, the company reported a profit of ₹25.23 crores in 2024, a significant improvement from the loss of ₹4.16 crores in 2023. Based on these strong financials, investors are encouraged to consider applying for the Laxmi Dental IPO for long-term growth potential.
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 |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 10% |
| QIB Quota: | Not more than 75% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Laxmi Dental IPO Market Lot
Laxmi Dental IPO’s minimum market lot is of 33 shares with ₹14,124 application amount. The retail investors can apply up-to 14 lots with 462 shares of ₹1,97,736 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 33 | ₹14,124 |
| Retail Maximum | 14 | 462 | ₹1,97,736 |
| S-HNI Minimum | 15 | 495 | ₹2,11,860 |
| B-HNI Minimum | 71 | 2,343 | ₹10,02,804 |
Laxmi Dental IPO Dates
Laxmi Dental IPO opening date is January 13 and will be closed January 15 05:00PM in the evening. 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 |
Promoters of Laxmi Dental IPO
Promoters of the company are Rajesh Vrajlal Khakhar, Sameer Kamlesh Merchant, and Dharmesh Bhupendra Dattani.
About Laxmi Dental IPO
Established in 1989, Laxmi Dental Limited stands as India’s premier provider of a comprehensive range of dental products and services. Our diverse portfolio includes custom-made crowns and bridges, top-tier branded dental products like clear aligners and thermoforming sheets, as well as aligner-related products as part of our aligner solutions, and pediatric dental products.
With over two decades of experience and a strong foothold in the market, Laxmi Dental Limited has emerged as one of the largest dental laboratories in the country. Our financial success is evident in our revenue and PAT margin, positioning us as a leading indigenous B2B2C dental aligner company as of FY23.
Spanning across 146,804.42 square feet, our state-of-the-art manufacturing facilities are where we meticulously craft our high-quality dental products. In a landscape where Indian dental laboratories are often fragmented, disorganized, and lacking in quality, Laxmi Dental Limited is committed to setting a new standard by prioritizing excellence, efficiency, and customer satisfaction.
In the last fiscal year, our company generated a revenue of 1,914.50 million from the sale of goods and services.
Laxmi Dental IPO Company Financial Report
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.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹1,38.07 | ₹1,43.40 | ₹18.68 | ₹102.75 |
| 2023 | ₹1,63.84 | ₹1,67.76 | ₹4.16 | ₹96.54 |
| 2024 | ₹1,95.26 | ₹1,86.66 | ₹25.23 | ₹134.52 |
| Sept 2024 | ₹1,17.99 | ₹1,03.41 | ₹22.74 | ₹158.22 |
Laxmi Dental IPO Valuation – FY2024
Check Laxmi Dental IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 78.78% |
| ROCE: | 19.97% |
| EBITDA Margin: | 12.29% |
| PAT Margin: | 13.03% |
| Debt to equity ratio: | 0.94 |
| Earning Per Share (EPS): | ₹5.11 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 78.78% |
| Net Asset Value (NAV): | ₹8.63 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Poly Medicure Limited | 26.92 | 94.02 | 19.05 | 153.22 | 14,34.54 Cr. |
Objects of the Issue
- Repayment or prepayment of certain outstanding borrowings obtained by our Company.
- Investment in select Subsidiaries to repay or prepay certain outstanding borrowings.
- Funding the capital expenditure needed to purchase new machinery for our Company.
- Investment in our Subsidiary, Bizdent Devices Private Limited, to cover the capital expenditure for new machinery.
- For general corporate purposes.
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