Laxmi Dental Limited IPO Details

January 13th, 2025 IPO

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 Timeline and Schedule

  • 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

IPO Price and Lot Size

  • 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)

Issue Breakdown

  • 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

Reservation Details

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

Promoter Holding

  • Pre Issue: 46.56%

  • Post Issue: Data not specified

Anchor Investors

  • 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

About Laxmi Dental Limited

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

Key Highlights

  • 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.

Financial Performance

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

Key Performance Indicators

  • 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

Objects of the Issue

The proceeds from the Fresh Issue will be utilized for:

  1. Repayment/prepayment of certain borrowings.

  2. Investment in subsidiaries for debt repayment and capital expenditure.

  3. Funding the purchase of new machinery.

  4. General corporate purposes.


 

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