Laxmi Dental Limited has announced its Initial Public Offering (IPO) to raise a total of Rs 698.06 crore. The issue comprises a fresh issue of 0.32 crore shares aggregating to Rs 138.00 crore and an offer for sale of 1.31 crore shares aggregating to Rs 560.06 crore. Below are the key details and insights about the IPO.
IPO Open Date: January 13, 2025
IPO Close Date: January 15, 2025
Basis of Allotment: January 16, 2025
Initiation of Refunds: January 17, 2025
Credit of Shares to Demat Accounts: January 17, 2025
Listing Date: January 20, 2025
Cut-off time for UPI Mandate Confirmation: 5 PM, January 15, 2025
Price Band: Rs 407 to Rs 428 per share
Lot Size: 33 shares
Minimum Investment for Retail Investors: Rs 14,124
S-HNI Minimum Investment: Rs 2,11,860 (15 lots or 495 shares)
B-HNI Minimum Investment: Rs 10,02,804 (71 lots or 2,343 shares)
Total Issue Size: 1,63,09,766 shares (aggregating to Rs 698.06 crore)
Fresh Issue: 32,24,299 shares (Rs 138.00 crore)
Offer for Sale: 1,30,85,467 shares (Rs 560.06 crore)
Listing At: BSE, NSE
Face Value: Rs 2 per share
Investor Category | Shares Offered |
---|---|
QIB | Not less than 75% of the Net Issue |
Retail | Not more than 10% of the Offer |
NII (HNI) | Not more than 15% of the Offer |
Pre Issue: 46.56%
Post Issue: Data not specified
Anchor Bid Date: January 10, 2025
Shares Offered: 73,39,395
Amount Raised: Rs 314.13 crore
Anchor Lock-in Period End Dates: 50% shares on February 15, 2025; remaining shares on April 16, 2025
Incorporated in July 2004, Laxmi Dental Limited is India’s only integrated dental products company. The company offers a wide range of products, including:
Custom Crowns and Bridges
Branded Dental Items such as clear aligners, thermoforming sheets, and pediatric dental products
Aligner Solutions
Operates a vertically integrated business model.
Six manufacturing facilities across Mumbai, Boisar, and Kochi.
Strong domestic presence with a network of 22,000 clinics and dentists in 320+ cities.
Export operations in over 90 countries.
Workforce of 2,372 employees as of September 30, 2024.
Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Borrowings |
30 Sep 2024 | Rs 158.22 Cr | Rs 117.90 Cr | Rs 22.74 Cr | Rs 67.09 Cr | Rs 40.91 Cr |
31 Mar 2024 | Rs 134.52 Cr | Rs 195.26 Cr | Rs 25.23 Cr | Rs 44.57 Cr | Rs 42.03 Cr |
31 Mar 2023 | Rs 96.54 Cr | Rs 163.84 Cr | Rs -4.16 Cr | Rs 19.48 Cr | Rs 31.44 Cr |
31 Mar 2022 | Rs 102.75 Cr | Rs 138.07 Cr | Rs -18.68 Cr | Rs 22.94 Cr | Rs 29.63 Cr |
Market Capitalization: Rs 2,352.38 crore
ROE: 78.78%
ROCE: 19.97%
Debt/Equity Ratio: 0.94
PAT Margin: 13.03%
Price to Book Value: 49.59
The proceeds from the Fresh Issue will be utilized for:
Repayment/prepayment of certain borrowings.
Investment in subsidiaries for debt repayment and capital expenditure.
Funding the purchase of new machinery.
General corporate purposes.