Laxmi Dental Ltd
Price Range
₹407 - ₹428
Min. Quantity
33
Closes on
15 January 2025
Min. investment
₹14,124/462 Shares
Laxmi Dental Ltd IPO Timeline
Laxmi Dental Limited was incorporated as Laxmi Dental Export Private Limited' dated July 8, 2004, issued by the Assistant Registrar of Companies, Maharashtra at Mumbai. In June, 2024, the Company name was changed to Laxmi Dental Private Limited', and a fresh Certificate of Incorporation was issued to Company by the RoC on July 24, 2024. Thereafter, it has converted into a Public Company as Laxmi Dental Limited', vide certified dated August 02, 2024, issued by the RoC.
| Event | Date |
|---|---|
| Laxmi Dental Ltd IPO Opening Date | 13 January 2025 |
| Laxmi Dental Ltd IPO Closing Date | 15 January 2025 |
| Basis of Allotment | 16 January 2025 |
| Initiation of Refunds | 17 January 2025 |
| Credit of Shares to Demat | 17 January 2025 |
| Laxmi Dental Ltd IPO Listing Date | 20 January 2025 |
Laxmi Dental Ltd IPO Details
| Laxmi Dental Ltd IPO Date | 13 January 2025 to 15 January 2025 |
| Laxmi Dental Ltd IPO Face Value | ₹2 per share |
| Laxmi Dental Ltd IPO Price | ₹407 to ₹428 per share |
| Laxmi Dental Ltd IPO Lot Size | 33 |
| Issue Size | Shares of ₹2 (aggregating up to ₹698.06 Cr) |
| Fresh Issue | Shares of ₹2 (aggregating up to ₹138 Cr) |
| Offer for Sale | Shares of ₹2 (aggregating up to ₹560.06 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 48,92,931 of the Net Offer |
| Retail Shares Offered | Not less than 16,30,976 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 24,46,464 of the Net Offer |
| Company Promoters | Rajesh Vrajlal Khakhar, Sameer Kamlesh Merchant, Dharmesh Bhupendra Dattani |
Laxmi Dental Ltd IPO Lot Size
The Laxmi Dental Ltd IPO lot size is 33 shares. A retail-individual investor can apply for up to 14 lots (462 shares or ₹1,97,736).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 33 | ₹14,124 |
| Maximum | 14 | 462 | ₹1,97,736 |
- Strengths
- Risks
- Opportunities
- 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 providing us with competitive advantage in the market.
- Robust technologically advanced capabilities with stringent regulatory compliance ensuring high quality standards.
- Experienced management team with significant industry experience.
Company Financials
Laxmi Dental Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 131.8 | 144.68 | 22.71 |
| 03-2023 | 107.68 | 133.39 | 1.42 |
| 03-2022 | 105.86 | 116.95 | -4.44 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment/prepayment in full or in part of certain outstanding borrowings availed by the company
- Investment in certain subsidiary for the repayment/prepayment in full or in part of certain outstanding borrowings
- Funding the capital expenditure requirements for purchase of new machinery for the company
- Investment in its subsidiary Bizdent Devices Pvt Ltd for the exp requirements for the purchase of new machinery
- General corporate purposes
Laxmi Dental Ltd IPO Promoter Holding
| Pre Issue Share Holding | 18.34% |
| Post Issue Share Holding | 16.91% |
Laxmi Dental Ltd IPO Subscription Status (Bidding Detail)
The Laxmi Dental Ltd IPO is subscribed 114.4194 times on 15 January 2025 05:00:00 PM. The public issue subscribed 76.235 times in the retail category, 110.3799 times in the QIB category, and 147.9546 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 110.3799 | 147.9546 | 76.235 | - | 114.4194 |
Laxmi Dental Ltd IPO Prospectus
Laxmi Dental Ltd IPO Listing Date
| Listing Date | 20 January 2025 |
| BSE Script | 544339 |
| NSE Symbol | LAXMIDENTL |
| Listing In | BSE, NSE |
| ISIN | INE0WO601020 |
| IPO Price | ₹428 |
| Face Value | ₹2 |
Company Contact Information
No.103 Akruti Arcade JP RoadAndheri West,Mumbai-400058
Phone: +91 22 6143 7991
Email: co.sec@laxmidentallimited.com
Website: www.laxmidentallimited.com
Laxmi Dental Ltd IPO Registrar
Email: laxmidental.ipo@linkintime.co.in
Website: www.linkintime.co.in
Laxmi Dental Ltd IPO Lead Manager(s)
- Nuvama Wealth Management Ltd
- Motilal Oswal Investment Advisors Ltd
- SBI Capital Markets Ltd
FAQ
What is the issue size of Laxmi Dental Ltd IPO?
I have pre-applied for Laxmi Dental Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.
