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Laxmi Dental IPO

  • Status: Closed
  • RHP:
  • ₹ 13,431 / 33 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    20 Jan 2025

  • Listing Price

    ₹528.00

  • Listing Change

    23.36%

  • Last Traded Price

    ₹382.05

IPO Details

  • Open Date

    13 Jan 2025

  • Close Date

    15 Jan 2025

  • Listing Date

    20 Jan 2025

  • IPO Price Range

    ₹ 407 to ₹ 428

  • IPO Size

    ₹ 698.06 Cr

  • Listing Exchange

    BSE, NSE

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Timeline Subscription Status Financials SWOT FAQ Contacts

IPO Timeline

Laxmi Dental IPO Subscription Status

Last Updated: 15 January 2025 6:15 PM by 5Paisa

Laxmi Dental Limited is India’s only integrated dental products company, offering custom crowns, clear aligners, and pediatric dental products. With six manufacturing facilities, exports to 90+ countries, and a network of 22,000+ clinics, it is the second-largest domestic lab player. Competitive strengths include advanced technology, a diverse portfolio, and strong regulatory compliance.

Established in: 2004
Chairperson: Mr. Rajesh Vrajlal Khakhar

Peers

Poly Medicure Limited
 

Objectives

1. Repayment/prepayment of certain outstanding borrowings.
2. Investment in certain Subsidiaries for the repayment/prepayment of certain outstanding borrowings.
3. Funding the capital expenditure requirements.
4. Investment in Bizdent Devices Private Limited for the purchase of new machinery.
5. General corporate purposes.
 

Laxmi Dental IPO Size

Types Size
Total IPO Size ₹698.06 Cr.
Offer For Sale ₹138.00 Cr.
Fresh Issue ₹560.06 Cr.

 

Laxmi Dental IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 33 13,431
Retail (Max) 14 462 188,034
S-HNI (Min) 15 495 201,465
S-HNI (Max) 70 2,310 940,170
B-HNI (Min) 71 2,343 953,601

 

Laxmi Dental IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 110.38     48,92,931 54,00,81,366 23,115.48
NII (HNI) 147.47     24,46,464 36,07,82,994     15,441.51
Retail 74.13     16,30,976 12,08,98,140     5,174.44
Total** 113.9     89,70,371 1,02,17,62,500 43,731.44

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Laxmi Dental IPO Anchor Allocation

Anchor Bid Date 10 January, 2025
Shares Offered 73,39,395
Anchor portion Size (In ₹ Cr.) 314.13
Anchor lock-in period end date for 50% shares (30 Days) 15 February, 2025
Anchor lock-in period end date for remaining shares (90 Days) 16 April, 2025

 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY23 FY24
Revenue 138.07 163.84 195.26
EBITDA 5.41 8.96 23.79
PAT -18.68 -4.16 25.23
Particulars (in Rs. Crores) FY22 FY23 FY24
Total Assets 102.75 96.54 134.52
Share Capital 0.31 0.31 0.31
Total Borrowings 29.63 31.44 42.03
Particulars (in Rs. Crores) FY22 FY23 FY24
Net Cash Generated From / (used in) operating activities -2.00 14.44 8.15
Net Cash Generated From / (used in) investing activities 3.04 -9.39 -14.44
Net Cash Generated From / (used in) financing activities -4.03 -1.45 0.97
Net Increase (Decrease) In Cash And Cash Equivalents -2.98 3.60 -5.32


Strengths

1. Only integrated dental products company in India.
2. Diverse portfolio including clear aligners and pediatric dental products.
3. Strong network of 22,000+ clinics across 320 cities.
4. Exports to over 90 countries globally.
5. Advanced technology with stringent regulatory compliance ensures high-quality standards.
 

Risks

1. High dependency on digital dentistry adoption trends.
2. Limited presence in non-dental medical product markets.
3. Vulnerable to regulatory changes in export countries.
4. Requires constant investment in R&D for competitive edge.
5. Rising competition in the global dental products market.
 

Will You Apply for Laxmi Dental IPO?

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FAQs

Laxmi Dental IPO opens from 13 January 2025 to 15 January 2025.

The size of Laxmi Dental IPO is ₹698.06 Cr.

The price of Laxmi Dental IPO is fixed at ₹407 to ₹428 per share. 

To apply for Laxmi Dental IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the Laxmi Dental  IPO.    
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Laxmi Dental IPO is 33 shares and the investment required is ₹13,431.
 

The share allotment date of Laxmi Dental IPO is 16 January 2025

The Laxmi Dental IPO will be listed on 20 January 2025.

Nuvama Wealth Management Ltd, Motilal Oswal Investment Advisors Ltd, and SBI Capital Markets Ltd are the book running lead managers for Laxmi Dental IPO.

Laxmi Dental plans to utilise the raised capital from the IPO for:

1. Repayment/prepayment of certain outstanding borrowings.
2. Investment in certain Subsidiaries for the repayment/prepayment of certain outstanding borrowings.
3. Funding the capital expenditure requirements.
4. Investment in Bizdent Devices Private Limited for the purchase of new machinery.
5. General corporate purposes.