Laxmi Dental IPO
- IPO Date13 Jan, 2025 to 15 Jan, 2025
- Listing Date20 Jan, 2025
- Face Value₹2 per share
- Issue Price₹407 to ₹428 per share
- Lot Size33 Shares
- Minimum Investment₹14,124
- Listing AtBSE, NSE
- Total Issue Size1,63,09,766 Shares
(aggregating up to ₹698.06 Cr) - Fresh Issue32,24,299 Shares
(aggregating up to ₹138.00 Cr)
- Offer for Sale1,30,85,467 Shares
(aggregating up to ₹560.06 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue5,17,37,850
- Shareholding post issue5,49,62,149
IPO Dates
Closing Date
15 Jan, 2025
Initiation of Refunds
17 Jan, 2025
Listing Date
20 Jan, 2025
13 Jan, 2025
Opening Date
16 Jan, 2025
Basis of Allotment
17 Jan, 2025
Credit of Shares
Laxmi Dental Lot Size
Investors can bid for a minimum of 33 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 33 | ₹14,124 |
| B-HNI (Min) | 71 | 2343 | ₹10,02,804 |
| Retail (Max) | 14 | 462 | ₹1,97,736 |
| S-HNI (Max) | 70 | 2310 | ₹9,88,680 |
| S-HNI (Min) | 15 | 495 | ₹2,11,860 |
Laxmi Dental Promoter Holding
Rajesh Vrajlal Khakhar, Sameer Kamlesh Merchant and Dharmesh Bhupendra Dattani are the promoters of the company.n
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 46.56% | - |
Laxmi Dental COMPANY INFORMATION
Laxmi Dental IPO is a book built issue of Rs 698.06 crores. The issue is a combination of fresh issue of 0.32 crore shares aggregating to Rs 138.00 crores and offer for sale of 1.31 crore shares aggregating to Rs 560.06 crores. Laxmi Dental IPO bidding opened for subscription on January 13, 2025 and will close on January 15, 2025. The allotment for the Laxmi Dental IPO is expected to be finalized on Thursday, January 16, 2025. Laxmi Dental IPO will list on BSE, NSE with tentative listing date fixed as Monday, January 20, 2025. Laxmi Dental IPO price band is set at ₹407 to ₹428 per share. The minimum lot size for an application is 33. The minimum amount of investment required by retail investors is ₹14,124. The minimum lot size investment for sNII is 15 lots (495 shares), amounting to ₹2,11,860, and for bNII, it is 71 lots (2,343 shares), amounting to ₹10,02,804.
Incorporated in July 2004, Laxmi Dental 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
- 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.
Laxmi Dental IPO
IPO Overview and Key Highlights
Laxmi Dental, a Mumbai-based company specializing in dental products and solutions, is launching its Initial Public Offering (IPO). The IPO consists of a fresh issue of shares aggregating to ₹1,380 million and an Offer for Sale (OFS) of up to 13,085,467 equity shares, with a face value of ₹2 each. The funds raised will be used for working capital, business expansion, and other corporate purposes. Shares are proposed to be listed on the BSE and NSE.
Key IPO Details
- Type of Issue: Book Built Issue
- Total Issue Size: Fresh Issue and OFS (13,085,467 equity shares)
- Face Value: ₹2 per share
- Offer Price: To be determined
- Offer Opens: January 13, 2025
- Offer Closes: January 15, 2025
- Listing Exchange: BSE and NSE
Company Overview
Incorporated in 2004, Laxmi Dental is a prominent player in the dental products sector. The company offers a wide range of solutions, including dental implants, equipment, and consumables, catering to both domestic and international markets. Promoters Rajesh Vrajlal Khakhar, Sameer Kamlesh Merchant, and Dharmesh Bhupendra Dattani bring decades of expertise to the company. The company has subsidiaries in the U.S. and India, expanding its global footprint.
Financial Overview
Laxmi Dental has shown steady financial growth over recent years, supported by increasing demand for dental solutions. The IPO proceeds will help fund business growth, operational scale, and innovation.
Key Strengths of Laxmi Dental
- Diverse Product Portfolio: Comprehensive range of dental solutions.
- Strong Market Presence: Well-established in domestic and international markets.
- Experienced Leadership: Promoters with proven track records in the dental industry.
IPO Pros and Cons
Pros
- Sectoral Growth: Rising demand for dental products and services.
- Funds Utilization: Proceeds to enhance operational and business capabilities.
- Global Reach: Strong presence in international markets strengthens revenue streams.
Cons
- Market Sensitivity: Revenue linked to the healthcare sector's trends.
- Competitive Landscape: Faces competition from established players in the dental industry.
- Regulatory Challenges: Adherence to healthcare and medical regulations globally.
Risk Factors
Potential investors should evaluate the following risks:
- Economic Dependency: Revenue linked to healthcare trends and patient spending.
- Operational Challenges: Scaling operations while maintaining quality.
- Regulatory Compliance: Adherence to medical standards across multiple geographies.
Conclusion
The Laxmi Dental IPO offers an opportunity to invest in a well-established dental solutions provider with a strong presence in domestic and global markets. With its experienced leadership and a growing product portfolio, the company is poised for growth. However, investors should carefully assess risks related to market competition, operational scalability, and regulatory compliance before making an investment decision.
FAQs About Laxmi Dental Ipo
Laxmi Dental IPO will open on 13 Jan, 2025 and close on 15 Jan, 2025. Investors must apply within this period to participate.
The Laxmi Dental IPO price band is set between ₹407.00 and ₹428.00 per share. The minimum lot size is 33, requiring an investment of at least ₹14124.00.
The Laxmi Dental IPO shares are expected to be listed on 20 Jan, 2025, subject to regulatory approvals and final allotment.
You can track your Laxmi Dental IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Laxmi Dental IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.