MAINBOARD · NSE + BSESubscribed: 113.97×GMP ₹145
Laxmi Dental Limited

Laxmi Dental Limited

Laxmi Dental Limited(LAXMIDENTL)

Total Shares

1,63,09,766

Issue Size

₹698.06 Cr

Price Band

407 – ₹428

Lot Size

33 shares

Min. Investment

14,124

Max. Investment

14,124

Open Date

13 Jan, 2025

Close Date

15 Jan, 2025

Allotment

16 Jan, 2025

Listing

20 Jan, 2025

Announced

13 Jan, 2025

Opening Date

13 Jan, 2025

Closing Date

15 Jan, 2025

Basis of Allotment

16 Jan, 2025

Initiation of Refunds

17 Jan, 2025

Credit of Shares

17 Jan, 2025

Listing Date

20 Jan, 2025

Live GMP

Est. Listing: ₹549

121

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About Laxmi Dental Limited IPO

Incorporated in July 2004, 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

Laxmi Dental Limited IPO Share Price and Issue Size

Issue Breakdown

Total Issue1,63,09,766 shares₹698.06 Cr
Fresh Issue32,24,299 shares₹138.00 Cr
Offer for Sale1,30,85,467 shares₹560.06 Cr

Shareholding

Pre-Issue5,17,37,850
Post-Issue0

Laxmi Dental Limited IPO Financials Health

Laxmi Dental Limited IPO Lot Size

ApplicationLotsSharesAmount
SHNI Maximum7023109,88,680
BHNI Minimum71234310,02,804
Retail Minimum13314,124
Retail Maximum144621,97,736
SHNI Minimum154952,11,860

(All values in CR)

Laxmi Dental Limited IPO Valuation

MetricValue
DEBT/EQUITY0.94
EPS Post IPO8.27
EPS Pre IPO4.88
P/E Post IPO51.73
P/E Pre IPO87.77
PAT MARGIN13.03
PRICE TO BOOK VALUE49.59
ROCE19.97%
ROE78.78%
RONW78.78%

(All values in CR)

Strength & Risk of Laxmi Dental Limited IPO

+Strengths

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

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

3. Vertically integrated diverse branded product portfolio.

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

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

6. Experienced management team with significant industry experience.

!Risks

1. 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.

2. 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.

3. 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.

4. The company's business is concentrated in certain jurisdictions, globally and domestically, and any loss of business in such regions could have an adverse effect on its business, results of operations and financial condition.

5. There are outstanding legal proceedings involving the Company, Subsidiaries, Promoters, and Directors which could have an adverse effect on its business, financial condition and results of operations.

6. The company's business depends heavily on its reputation and perception of the company brands. Any negative publicity or other harm to its brand or failures to maintain and enhance the company brand recognition and maintain such quality standards may materially and adversely affect its reputation, business, results of operations and financial condition.

7. All its major manufacturing facilities are situated in and around Mumbai and any disruptions in the region could have a material and adverse effect on its business, financial condition and results of operations.

8. Import and Exports are material to its business operation. Further, a failures to manage the company business in overseas markets or its inability to grow the company business in new geographic markets may affect its growth, which could have a material adverse effect on its business, operations, prospects or financial condition.

9. Its inability to effectively manage the company growth or to successfully implement its business plan and growth and expansion strategy could have an adverse effect on the company business, results of operations and financial condition.

10. There is an outstanding legal proceeding involving its Promoter, Chairperson and Whole-time Director. Any adverse decision in such proceeding could have an adverse effect on its business, financial condition and results of operations.

Laxmi Dental Limited IPO Subscription Status

Investor CategorySubscription (times)Shares OfferedShares bid forTotal Amount (Rs Cr.)
Anchor1.0073,39,39573,39,395314.13
BHNI (10L+)167.6816,30,97727,34,89,21611
HNI147.5124,46,46536,08,86,15215
QIB110.3848,92,92954,00,81,36623
Retail74.4316,30,97712,13,87,9265
SHNI (2L - 10L)107.178,15,4888,73,96,9363
Total113.9789,70,3711,02,23,55,44443

Laxmi Dental Limited IPO GMP

+121+28.3%

Last updated 08 Jan, 2025 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
08 Jan, 2025428₹1213000/45000₹549 (28.27%)-08 Jan, 2025
09 Jan, 2025428₹1654100/61500₹593 (38.55%)-09 Jan, 2025
10 Jan, 2025428₹1634100/61500₹591 (38.08%)-10 Jan, 2025
11 Jan, 2025428₹1634100/61500₹591 (38.08%)-11 Jan, 2025
13 Jan, 2025428₹1423600/54000₹570 (33.18%)-13 Jan, 2025
14 Jan, 2025428₹1423600/54000₹570 (33.18%)-14 Jan, 2025
15 Jan, 2025428₹1263200/48000₹554 (29.44%)-15 Jan, 2025
16 Jan, 2025428₹1203000/45000₹548 (28.04%)-16 Jan, 2025
17 Jan, 2025428₹1012500/37500₹529 (23.60%)-17 Jan, 2025
18 Jan, 2025428₹1433600/54000₹571 (33.41%)-18 Jan, 2025
20 Jan, 2025428₹1453600/54000₹573 (33.88%)-20 Jan, 2025

Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.

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2

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3

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4

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5

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