Laxmi Dental is raising ₹698.06 crore through a fresh issue of 1,30,85,467 equity shares with face value of ₹2 each. Laxmi Dental IPO estimated listing price is ₹608 (cap price + today’s GMP).The expected percentage gain/loss per share is 42.06% as on 8th of Jan 2025. IPO will open for application on 13th Jan, 2025, and close on 15th Jan, 2025. The allotment will be finalized on 16th Jan, 2025, with the shares tentatively listed on the BSE and NSE on 20th Jan, 2025.
The price band for the IPO is ₹407 to ₹428 per share. Retail investors can apply for a minimum lot size of 33 shares, requiring an investment of ₹14,124. Small Non-Institutional Investors (sNII) need a minimum of 14 lots (462 shares), amounting to ₹1,97,736, while large Non-Institutional Investors (bNII) must apply for 70 lots (2,310 shares), amounting to ₹9,88,680.
| 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 |
Laxmi Dental IPO Company Financial Report
The 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 | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 158.22 | 134.52 | 96.54 | 102.75 |
| Revenue | 117.9 | 195.26 | 163.84 | 138.07 |
| Profit After Tax | 22.74 | 25.23 | -4.16 | -18.68 |
| Net Worth | 67.09 | 44.57 | 19.48 | 22.94 |
| Total Borrowing | 40.91 | 42.03 | 31.44 | 29.63 |
Laxmi Dental IPO 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 |
| 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 |
About Laxmi Dental IPO
Incorporated in 1989, Laxmi Dental Limited is India’s one & only company to offer a complete range of dental products and services. Their portfolio consists of a wide range of products such as custom-made crowns and bridges, branded dental products such as clear aligners, thermoforming sheets, and aligner-related products as a part of aligner solutions, and pediatric dental products. With over 20 years of work experience and market presence, Laxmi Dental company is one of the biggest dental laboratories in the other two. According to the revenue and PAT margin of the company, they are one of the leading and financially successful indigenous B2B2C dental aligner companies as of FY23. Their manufacturing facilities spread across 146,804.42 square feet, is where they manufacture their dental products. Currently, Indian Dental laboratories are broken, unorganized, and shortage of Quality. Laxmi Dental Limited company’s goal is to prioritize quality, efficiency, and customer experience. The company earned revenue of 1,914.50 million from sales of goods and services.
Laxmi Dental IPO Registrar
Link Intime India Pvt Ltd
Phone: +91 22 4918 6000/ +91 8108114949
Email: laxmidental.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html