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Laxmi Dental IPO is a book build issue of ₹698.06 crores. The issue is a combination of fresh issue of 0.32 crore shares aggregating to ₹138.00 crores and offer for sale of 1.31 crore shares aggregating to ₹560.06 crores.
Laxmi Dental IPO bidding started from Jan 13, 2025 and ended on Jan 15, 2025. The allotment for Laxmi Dental IPO was finalized on Jan 16, 2025. The shares got listed on BSE, NSE on Jan 20, 2025.
Laxmi Dental IPO price band is set at ₹428.00 per share . The lot size for an application is 33. The minimum amount of investment required by an retail is ₹14,124 (33 shares) (based on upper price). The lot size investment for sNII is 15 lots (495 shares), amounting to ₹2,11,860, and for bNII, it is 71 lots (2,343 shares), amounting to ₹10,02,804.
Nuvama Wealth Management Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Laxmi Dental IPO RHP for detailed Information.
| IPO Date | January 13, 2025 to January 15, 2025 |
| Listing Date | January 20, 2025 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹407 to ₹428 per share |
| Issue Price Final | ₹428 per share |
| Lot Size | 33 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,63,09,766 shares (aggregating up to ₹698.06 Cr) |
| Fresh Issue | 32,24,299 shares (aggregating up to ₹138.00 Cr) |
| Offer for Sale | 1,30,85,467 shares of ₹2 (aggregating up to ₹560.06 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 5,17,37,850 shares |
| Share Holding Post Issue | 5,49,62,149 shares |
Laxmi Dental IPO offers total 1,63,09,766 shares. Out of which 1,22,32,326 (75.00%) allocated to QIB, 48,92,931 (30.00%) allocated to QIB (Ex- Anchor), 24,46,464 (15.00%) allocated to NII, 16,30,976 (10.00%) allocated to RII and 73,39,395 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,22,32,326 (75.00%) | NA |
| − Anchor Investor Shares Offered | 73,39,395 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 48,92,931 (30.00%) | NA |
| NII (HNI) Shares Offered | 24,46,464 (15.00%) | NA |
| − bNII > ₹10L | 16,30,976 (10.00%) | 3,294 |
| − sNII < ₹10L | 8,15,488 (5.00%) | 1,647 |
| Retail Shares Offered | 16,30,976 (10.00%) | 49,423 |
| Total Shares Offered | 1,63,09,766 (100.00%) |
Laxmi Dental IPO raises ₹314.13 crore from anchor investors. Laxmi Dental IPO Anchor bid date is January 10, 2025. Laxmi Dental IPO Anchor Investors list
| Bid Date | January 10, 2025 |
| Shares Offered | 73,39,395 |
| Anchor Portion Size (In Cr.) | 314.13 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 14, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 15, 2025 |
Laxmi Dental IPO opens on January 13, 2025, and closes on January 15, 2025.
| IPO Open Date | Mon, Jan 13, 2025 |
| IPO Close Date | Wed, Jan 15, 2025 |
| Tentative Allotment | Thu, Jan 16, 2025 |
| Initiation of Refunds | Fri, Jan 17, 2025 |
| Credit of Shares to Demat | Fri, Jan 17, 2025 |
| Tentative Listing Date | Mon, Jan 20, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jan 15, 2025 |
Investors can bid for a minimum of 33 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 33 | ₹14,124 |
| Retail (Max) | 14 | 462 | ₹1,97,736 |
| S-HNI (Min) | 15 | 495 | ₹2,11,860 |
| S-HNI (Max) | 70 | 2,310 | ₹9,88,680 |
| B-HNI (Min) | 71 | 2,343 | ₹10,02,804 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in July 2004, Laxmi Dental Limited is an integrated dental products company. The company offers custom crowns and bridges, branded dental items like clear aligners and thermoforming sheets, aligner-related products as part of its aligner solutions, and pediatric dental products.
Their product portfolio includes custom crowns and bridges, clear aligners, thermoforming sheets, pediatric dental products, and more.
The company offers thermoforming sheets, biocompatible 3D printing resins, and machines for manufacturing clear aligners under the brand name Taglus.
The company operate a fully integrated model, meaning they handle the entire process from design and manufacturing to distribution of dental products.
As of September 30, 2024, the company has six manufacturing facilities: three in Mira Road, Mumbai, two in Boisar, and one in Kochi, along with five supporting facilities in Mumbai, Delhi, Bengaluru, and Ahmedabad.
As of September 30, 2024, the company’s dental network includes over 22,000 clinics and dentists across more than 320 cities nationwide.
The company has significant presence in both domestic and international markets, exporting to over 90 countries.
As of September 30, 2024, the company had 2,372 employees in various departments.
Competitive strengths
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 158.22 | 134.52 | 96.54 | 102.75 |
| Total Income | 117.9 | 195.26 | 163.84 | 138.07 |
| Profit After Tax | 22.74 | 25.23 | -4.16 | -18.68 |
| Net Worth | 67.09 | 44.57 | 19.48 | 22.94 |
| Total Borrowing | 40.91 | 42.03 | 31.44 | 29.63 |
| Amount in ₹ Crore | ||||
The market capitalization of Laxmi Dental IPO is ₹2352.38 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 78.78% |
| ROCE | 19.97% |
| Debt/Equity | 0.94 |
| RoNW | 78.78% |
| PAT Margin | 13.03% |
| Price to Book Value | 49.59 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 4.88 | 8.27 |
| P/E (x) | 87.77 | 51.73 |
Objects of the Fresh Issue Our Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
[Dilip Davda] The company is one of the leading company offering comprehensive portfolio of dental products globally for over two decades. It posted speedy growth in its top lines from FY22 onwards. It marked boosted bottom lines from FY23 onwards, indicating the future prospects. Based on FY25 annualized super earnings, the issue appears aggressively priced. Investors may park funds for long term. Read detail review...
| Listing Date | January 20, 2025 |
| BSE Script Code | 544339 |
| NSE Symbol | LAXMIDENTL |
| ISIN | INE0WO601020 |
| Final Issue Price | ₹428 per share |
| NSE Listing Group | EQ (Rolling) |
| BSE Listing Group | B |
Laxmi Dental Ltd.
Office No. 103, Akruti Arcade,
J. P. Road, Opposite A.H. Wadia High School
Andheri (West), Mumbai, 400058
Andheri, Maharashtra
Phone: +91 226143799
Email: co.sec@laxmidentallimited.com
Website: https://www.laxmidentallimited.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: laxmidental.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Laxmi Dental IPO is a main-board IPO of 1,63,09,766 equity shares of the face value of ₹2 aggregating up to ₹698.06 Crores. The issue is priced at ₹428 per share. The minimum order quantity is 33.
The IPO opens on January 13, 2025, and closes on January 15, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Laxmi Dental IPO using UPI as a payment gateway. Zerodha customers can apply in Laxmi Dental IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Laxmi Dental IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Laxmi Dental IPO opens on January 13, 2025 and closes on January 15, 2025.
Laxmi Dental IPO lot size is 33, and the minimum amount required for application is ₹14,124.
You can apply in Laxmi Dental IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Laxmi Dental IPO will be done on Thursday, January 16, 2025, and the allotted shares will be credited to your demat account by Friday, January 17, 2025. Check the Laxmi Dental IPO allotment status.
The Laxmi Dental IPO listing date is on Monday, January 20, 2025.
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