Laxmi Dental Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹145(33.88%)
Premium (ELP)
Laxmi Dental Limited's successfully transitioned to public market status with its listing on NSE, BSE on Jan 20, 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 Jan 13, 2025 and Jan 15, 2025 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on Jan 16, 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.
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."
- 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.
- 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.
- Rajesh Vrajlal Khakhar
- Sameer Kamlesh Merchant
- Dharmesh Bhupendra Dattani
Laxmi Dental Limited
Link Intime India Private Limited