Laxmi Dental IPO: Comprehensive Details and Key Information 2025
The Laxmi Dental IPO is one of the highly anticipated offerings of 2025, slated to open for subscription from January 13, 2025, and close on January 15, 2025. This IPO is a Book Built Issue, aimed at raising approximately ₹698.06 crores. It consists of a fresh issue of ₹138 crores and an offer for sale of up to 1,30,85,467 equity shares, each with a face value of ₹2.
The IPO price band is fixed between ₹407 and ₹428 per share, with a retail quota of 10%, a QIB (Qualified Institutional Buyer) quota of 75%, and an NII (Non-Institutional Investor) quota of 15%. The shares are expected to list on BSE and NSE on January 20, 2025, with allotments finalized by January 16, 2025.
Key Highlights of Laxmi Dental IPO
IPO Details
- IPO Open Date: January 13, 2025
- IPO Close Date: January 15, 2025
- Face Value: ₹2 per equity share
- Price Band: ₹407 – ₹428 per share
- Issue Size: Approx ₹698.06 crores
- Fresh Issue: ₹138 crores
- Offer for Sale: ₹560.06 crores (1,30,85,467 equity shares)
- IPO Listing: BSE & NSE
- Issue Type: Book Built Issue
- Retail Quota: 10%
- QIB Quota: 75%
- NII Quota: 15%
Market Lot Details
The minimum market lot is 33 shares, requiring a minimum application amount of ₹14,124. Retail investors can apply for a maximum of 14 lots, amounting to 462 shares with a total cost of ₹1,97,736.
| Application Type | 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 | 70 | 2,310 | ₹9,88,680 |
Important Dates
- Basis of Allotment: January 16, 2025
- Refund Initiation: January 17, 2025
- Credit to Demat Account: January 17, 2025
- Listing Date: January 20, 2025
About Laxmi Dental Limited
Established in 1989, Laxmi Dental Limited is a leading provider of comprehensive dental products and services in India. Their portfolio includes:
- Custom-made crowns and bridges
- Branded dental products like clear aligners
- Thermoforming sheets and pediatric dental products
With a footprint spanning over 146,804.42 sq. ft., Laxmi Dental operates one of India’s largest dental laboratories. Their focus on quality, efficiency, and customer satisfaction positions them as a significant player in the B2B2C dental aligner market.
Financial Performance
The company’s financial trajectory has seen a positive turnaround. In FY24, they reported revenue of ₹195.26 crores, a notable increase from ₹163.84 crores in FY23. The profit after tax (PAT) improved significantly, reaching ₹25.23 crores in FY24, compared to a loss of ₹4.16 crores in FY23.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2022 | ₹138.07 | ₹143.40 | ₹18.68 | ₹102.75 |
| 2023 | ₹163.84 | ₹167.76 | ₹4.16 | ₹96.54 |
| 2024 | ₹195.26 | ₹186.66 | ₹25.23 | ₹134.52 |
| Sept 2024 | ₹117.99 | ₹103.41 | ₹22.74 | ₹158.22 |
Key Valuation Metrics – FY24
- ROE (Return on Equity): 78.78%
- ROCE (Return on Capital Employed): 19.97%
- PAT Margin: 13.03%
- Debt-to-Equity Ratio: 0.94
- Earnings Per Share (EPS): ₹5.11
- Net Asset Value (NAV): ₹8.63
Objectives of the IPO
The proceeds from the IPO will be used for:
- Repayment/prepayment of borrowings for the company and its subsidiaries.
- Capital expenditure, including the purchase of new machinery.
- General corporate purposes.
Promoters of Laxmi Dental Limited
- Rajesh Vrajlal Khakhar
- Sameer Kamlesh Merchant
- Dharmesh Bhupendra Dattani
How to Apply for Laxmi Dental IPO
Investors can apply for the IPO through:
- ASBA (Application Supported by Blocked Amount) via their bank accounts.
- UPI-enabled applications through stockbrokers.
- Offline forms through brokers.
FAQs About Laxmi Dental IPO
What is the Laxmi Dental IPO Issue Size?
The issue size is ₹698.06 crores, with a fresh issue of ₹138 crores and an offer for sale of ₹560.06 crores.
What is the Price Band for Laxmi Dental IPO?
The price band is set at ₹407 to ₹428 per equity share.
When is the Allotment and Listing Date?
- Allotment Date: January 16, 2025
- Listing Date: January 20, 2025
What is the Lot Size for Retail Investors?
Retail investors can apply for a minimum of 33 shares with a total investment of ₹14,124.
Who are the Promoters of Laxmi Dental Limited?
The promoters are Rajesh Vrajlal Khakhar, Sameer Kamlesh Merchant, and Dharmesh Bhupendra Dattani.
Conclusion
The Laxmi Dental IPO presents a promising investment opportunity, backed by strong financial performance, industry leadership, and a robust growth strategy. With its focus on innovation and quality, the company is well-positioned for long-term success.
Summary of Laxmi Dental IPO
The Laxmi Dental IPO is set to open from January 13, 2025, and close on January 15, 2025, aiming to raise ₹698.06 crores. This includes a fresh issue of ₹138 crores and an offer for sale of 1,30,85,467 shares at a price band of ₹407 to ₹428 per share. The shares will be listed on BSE and NSE on January 20, 2025.
Key investor allocations include 10% for retail, 75% for QIB, and 15% for NII. Retail investors can apply for a minimum lot of 33 shares at ₹14,124. The company’s financial performance shows a strong recovery, with revenue increasing from ₹163.84 crores in FY23 to ₹195.26 crores in FY24, and profits reaching ₹25.23 crores in FY24.
The funds raised will primarily be used for debt repayment, purchase of new machinery, and general corporate purposes. With a robust business model and market leadership in dental products, Laxmi Dental Limited is a compelling choice for long-term investors.