Laxmi Dental IPO is set to open on January 13, 2025, and will close on January 15, 2025. This IPO follows a Book Built Issue format, aiming to raise approximately ₹698.06 crores. The offering comprises a fresh issue of ₹138 crores and an offer for sale (OFS) of up to 1,30,85,467 equity shares with a face value of ₹2 per share.
The price band for the Laxmi Dental IPO is set between ₹407 and ₹428 per share. The retail investor quota is 10%, while Qualified Institutional Buyers (QIB) have a 75% allocation, and High Net-worth Individuals (HNI) are allotted 15%. The IPO will be listed on both the BSE and NSE, with the listing date scheduled for January 20, 2025. The allotment of shares will be finalized on January 16, 2025.
In terms of financial performance, the company recorded a revenue of ₹195.26 crores in 2024, showing a significant improvement from ₹163.84 crores in 2023. Profitability also improved, with a net profit of ₹25.23 crores in 2024, compared to a loss of ₹4.16 crores in 2023. Given the strong turnaround and positive financial growth, investors may consider subscribing to the Laxmi Dental IPO for long-term investment potential.
About Laxmi Dental IPO
Laxmi Dental is a leading Indian dental products company, providing a comprehensive range of high-quality solutions to dental professionals and laboratories. With a strong emphasis on innovation and customer satisfaction, Laxmi Dental offers a diverse product portfolio encompassing custom crowns and bridges, clear aligners, thermoforming sheets, pediatric dental products, and more. Their commitment to excellence is evident in their state-of-the-art manufacturing facilities, stringent quality control measures, and continuous research and development efforts.
Strengths:
- Strong Market Position: Laxmi Dental enjoys a well-established brand presence within India, built upon years of providing quality products and services to the dental community.
- Extensive Distribution Network: Their robust distribution channels ensure widespread market reach, facilitating access to a large customer base across the country.
- Diversified Product Portfolio: The company’s diverse product offerings mitigate reliance on any single product line, contributing to a more stable revenue stream and adaptability to evolving market demands.
- Experienced Management: A seasoned leadership team with deep industry knowledge and a proven track record of success guides the company’s strategic direction.
Risks:
- Intense Competition: The dental products market is highly competitive, with both domestic and international players vying for market share. This necessitates continuous innovation and a strong focus on customer relationships to maintain a competitive edge.
- Raw Material Price Volatility: Fluctuations in the prices of raw materials used in dental product manufacturing can impact profitability and require agile cost management strategies.
- Regulatory Landscape: The dental industry is subject to stringent regulations, and changes in regulatory requirements can pose challenges for compliance and product development.
- International Expansion Challenges: While expanding into international markets presents growth opportunities, it also involves navigating new regulatory hurdles, cultural differences, and competitive landscapes.
Overall:
Laxmi Dental possesses a strong foundation with its established brand, diverse product offerings, and experienced management. However, the company must navigate the competitive landscape, manage raw material costs effectively, and adapt to evolving regulatory environments to sustain long-term growth and success.
Laxmi Dental IPO Details
| Category | Details |
|---|---|
| IPO Open Date: | January 13, 2025 |
| IPO Close Date: | January 15, 2025 |
| Face Value: | ₹2 Per Equity Share |
| IPO Price Band: | ₹407 to ₹428 Per Share |
| Issue Size: | Approx ₹698.06 Crores |
| Fresh Issue: | Approx ₹138 Crores |
| Offer for Sale: | Approx ₹560.06 Crores, 1,30,85,467 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 10% |
| QIB Quota: | Not more than 75% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Laxmi Dental IPO Market Lot
The Laxmi Dental IPO requires a minimum application of 33 shares, amounting to ₹14,124. Retail investors can apply for a maximum of 14 lots, totaling 462 shares, with an investment of up to ₹1,97,736.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 33 | ₹14,124 |
| Retail Maximum | 14 | 462 | ₹1,97,736 |
| S-HNI Minimum | 15 | 495 | ₹2,11,860 |
| B-HNI Minimum | 71 | 2,343 | ₹10,02,804 |
Laxmi Dental IPO Dates
The Laxmi Dental IPO will open for subscription on January 13 and close on January 15. The allotment of shares will be finalized on January 16, with the IPO scheduled to be listed on the stock exchange on January 20.
| Type | Date |
|---|---|
| IPO Open Date: | January 13, 2025 |
| IPO Close Date: | January 15, 2025 |
| Basis of Allotment: | January 16, 2025 |
| Refunds: | January 17, 2025 |
| Credit to Demat Account: | January 17, 2025 |
| IPO Listing Date: | January 20, 2025 |
Promoters of Laxmi Dental IPO
The company is promoted by a dynamic leadership team comprising Rajesh Vrajlal Khakhar, Sameer Kamlesh Merchant, and Dharmesh Bhupendra Dattani, bringing extensive expertise and strategic vision to drive its growth and success.
Laxmi Dental IPO Company Financial Report
The company achieved a significant financial turnaround in 2024, reporting a revenue of ₹195.26 crores, a notable increase from ₹163.84 crores in 2023. More impressively, the company posted a profit of ₹25.23 crores in 2024, recovering from a loss of ₹4.16 crores in the previous year.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹1,38.07 | ₹1,43.40 | ₹18.68 | ₹102.75 |
| 2023 | ₹1,63.84 | ₹1,67.76 | ₹4.16 | ₹96.54 |
| 2024 | ₹1,95.26 | ₹1,86.66 | ₹25.23 | ₹134.52 |
| Sept 2024 | ₹1,17.99 | ₹1,03.41 | ₹22.74 | ₹158.22 |
Laxmi Dental IPO Valuation – FY2024
| KPI | Values |
|---|---|
| ROE: | 78.78% |
| ROCE: | 19.97% |
| EBITDA Margin: | 12.29% |
| PAT Margin: | 13.03% |
| Debt to equity ratio: | 0.94 |
| Earning Per Share (EPS): | ₹5.11 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 78.78% |
| Net Asset Value (NAV): | ₹8.63 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Poly Medicure Limited | 26.92 | 94.02 | 19.05 | 153.22 | 14,34.54 Cr. |
Objects of the Issue
- Repayment or prepayment, in full or part, of certain outstanding loans availed by our Company.
- Investment in select subsidiaries to facilitate the repayment or prepayment, in full or part, of outstanding borrowings.
- Financing capital expenditure for the acquisition of new machinery to enhance operational efficiency.
- Investment in our subsidiary, Bizdent Devices Private Limited, to support capital expenditure for procuring new machinery.
- Allocation of funds for general corporate purposes.
Laxmi Dental IPO Review
- IPO Watch
- Adroit Financial Services
- Canara Bank Securities
Laxmi Dental IPO Registrar
Link Intime India Pvt Ltd
Phone: +91 22 4918 6000/ +91 8108114949
Email: laxmidental.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- SBI Capital Markets Limited
- Motilal Oswal Investment Advisors Limited
Company Address
Laxmi Dental Limited
301, A-wing, Interface-16, Mindspace, Malad (West),
Mumbai – 400 064, Maharashtra, India
Phone: +91 22 6143 7992
Email: co.sec@laxmidentallimited.com
Website: www.laxmidentallimited.com
FAQs on Laxmi Dental IPO
The Laxmi Dental IPO is an Initial Public Offering (IPO) where the company is issuing shares to the public for the first time. This allows investors to purchase shares of the company and become part-owners.
The IPO opens on January 13, 2025 and closes on January 15, 2025.
The price band for the IPO is ₹407 to ₹428 per share.
The total issue size is approximately ₹698.06 crores. This includes a fresh issue of approximately ₹138 crores and an offer for sale of approximately ₹560.06 crores.
The minimum lot size is 33 shares.
You can apply for the IPO through your bank or stockbroker. You can also apply online through the ASBA (Applications Supported by Blocked Amount) process.
The allotment date is expected to be January 16, 2025.
The listing date is expected to be January 20, 2025 on both the BSE and NSE.
Company Financials: Review the company’s financial performance, including revenue growth, profitability, and debt levels.
Industry Outlook: Analyze the growth prospects of the dental products industry in India.
Competitive Landscape: Assess the company’s competitive position within the market.
Risk Factors: Carefully consider the potential risks associated with the investment, such as competition, regulatory changes, and economic fluctuations.
Disclaimer: This information is for general knowledge and informational purposes only and does not constitute financial, investment, or other professional advice.
Note: This information is based on the IPO schedule and details available as of January 9, 2025. Please refer to the official IPO documents for the most up-to-date information.
