Laxmi Dental Limited IPO
Laxmi Dental Limited IPO
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Laxmi Dental Limited's successfully transitioned to public market status with its listing on NSE, BSE on 20-01-2025. The IPO mobilized 1,63,09,766 Shares in cumulative capital, including 32,24,299 Shares for corporate expansion and ₹560.06 Cr for shareholder liquidity management.
The public offering was conducted within the price parameters of ₹407 to ₹428, with minimum investment lots of 33 shares. subscription activity between 13-01-2025 and 15-01-2025 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on 16-01-2025, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Laxmi Dental IPO About Company
Founded on July 8, 2004, Laxmi Dental has grown to become India's only fully integrated dental products company. It offers a wide variety of products, including custom crowns and bridges, clear aligners, thermoforming sheets, aligner accessories, and specialized dental products for children. With over 20 years of experience, the company has expanded its reach globally, exporting to over 95 countries and serving more than 300 cities in India between 2022 and 2024. Laxmi Dental operates six modern manufacturing facilities across Maharashtra and Kerala, covering over 146,000 square feet, as well as additional facilities in Mumbai, Delhi, Bengaluru, and Ahmedabad. Today, it is a trusted partner for over 20,000 dental clinics and professionals. Ranked among India's top dental labs by revenue in 2023, Laxmi Dental continues to lead in innovation and quality, backed by a team of 2,299 employees as of March 31, 2024.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Laxmi Dental IPO Strength Factors
- India's Only Fully Integrated Dental Products Company : Positioned to capitalize on industry growth, offering a comprehensive range of products and complete solutions.
- Market Leadership : Second-largest player in the domestic dental lab sector and a leading choice for exports, benefiting from the rising adoption of digital dentistry.
- Wide Range of Products : Offers a strong portfolio including crowns, bridges, clear aligners, and pediatric dental care, giving an advantage in both domestic and international markets.
Laxmi Dental IPO Risk Factors
- Financial Challenges : Past losses, negative earnings per share, and asset write-offs over the last three years raise concerns about the company’s financial health and long-term stability.
- Auditor's Concerns : Issues highlighted in the FY 2024 and 2023 financial statements indicate potential risks or uncertainties.
- Reliance on Expanding Dental Network : Growth depends on effectively expanding the network and increasing sales per customer; failure to do so may impact operations and financial stability.
Laxmi Dental IPO Lead Manager(s)
- Motilal Oswal Investment Advisors Limited
- SBI Capital Markets Limited
Laxmi Dental IPO Promoter(s)
- Rajesh Vrajlal Khakhar
- Sameer Kamlesh Merchant
- Dharmesh Bhupendra Dattani
Laxmi Dental IPO FAQs
Laxmi Dental Limited IPO subscribed 114.42 times. The public issue subscribed 76.23 times in the retail category,110.38times in QIB, and 167.68 times in the HNI (10+) category byNovember 25, 2025 6:26:34 AM (Day 25).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Laxmi Dental IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Laxmi Dental IPO FAQs
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