Allotment

The Laxmi Dental IPO was a book-built issue aggregating ₹698.06 crore, comprising a fresh issue of 0.32 crore shares totaling ₹138.00 crore, and an offer for sale (OFS) of 1.31 crore shares worth ₹560.06 crore.
The IPO was open for subscription from January 13, 2025, to January 15, 2025, with the allotment finalized on January 16, 2025. The shares were subsequently listed on the BSE and NSE on January 20, 2025.
The price band for the IPO was set at ₹428 per share, with a lot size of 33 shares. Retail investors were required to invest a minimum of ₹14,124 (based on the upper price). For non-institutional investors:
Small NII (sNII): 15 lots (495 shares) amounting to ₹2,11,860
Big NII (bNII): 71 lots (2,343 shares) amounting to ₹10,02,804
Key Participants
Book Running Lead Manager: Nuvama Wealth Management Ltd.
Registrar: MUFG Intime India Pvt. Ltd.
₹4280%
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52 Weeks High
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Updates On
IPO. Open
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IPO Market price
| IPO Date | 20 Jan |
| IPO Listing Date | 20 Jan |
| IPO Face Value | ₹2 per share |
| IPO Price Range | ₹428.00 |
| IPO Issue Size | 1,63,09,766 shares |
| IPO Sale Type | Fresh Capital & OFS |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE, NSE Platform |
| Share Holding Pre Issue | 5,17,37,850 shares |
| IPO Open Date | 13 Jan |
| IPO Close Date | 15 Jan |
| IPO Allotment (Tentative) | 16 Jan |
| Refunds | 17 Jan |
| Credit to Demat Account | 17 Jan |
| IPO Listing Date | 20 Jan |
| Category | Offer |
|---|---|
| QIB Shares Offered | 1,22,32,326 Shares |
| NII (HNI) Shares Offered | 24,46,464 Shares |
| Retail Shares Offered | 16,30,976 Shares |
Investors can apply for a minimum of 33 shares and thereafter in multiples of 33 shares.
| Application | Lots | Share | 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 |
Incorporated in July 2004, Laxmi Dental Limited is an integrated dental products company offering a wide range of products, including custom crowns and bridges, clear aligners, thermoforming sheets, aligner-related products, and pediatric dental solutions. The company also markets thermoforming sheets, biocompatible 3D printing resins, and machines for manufacturing clear aligners under its Taglus brand.
Laxmi Dental operates a fully integrated model, handling the entire value chain 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 across Mumbai, Delhi, Bengaluru, and Ahmedabad.
The company has a significant presence in both domestic and international markets, with a network of over 22,000 clinics and dentists across more than 320 cities in India, and exports to over 90 countries. As of September 30, 2024, Laxmi Dental employed 2,372 employees across various departments.
Competitive Strengths
Laxmi Dental is the only integrated dental products company in India, well-positioned to benefit from industry growth. It is the second-largest player in the domestic laboratory business and the largest export laboratory, with increasing adoption of digital dentistry. The company’s vertically integrated, diverse branded product portfolio, combined with a large dental network and technologically advanced capabilities, provides a strong competitive advantage while ensuring high-quality standards through stringent regulatory compliance.
| Assets | 158.22 | 134.52 | 96.54 |
| Total Income | 117.9 | 195.26 | 163.84 |
| Profit After Tax | 22.74 | 25.23 | -4.16 |
| EBITDA | - | - | - |
| NET Worth | 67.09 | 44.57 | 19.48 |
| Reserves and Surplus | - | - | - |
| Total Borrowing | 40.91 | 42.03 | 31.44 |
| ROE | 78.78% |
| ROCE | 19.97% |
| Debt/Equity | 0.94 |
| RoNW | 78.78% |
| PAT Margin | 13.03% |
| EBITDA Margin | - |
| Price to Book Value | 49.59 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | 43.51 |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | 32.08 |
| 4 | Offer for Sale (OFS) | - |
Laxmi Dental Ltd. Address
Office No. 103, Akruti Arcade,
J. P. Road, Opposite A.H. Wadia High School
Andheri (West), Mumbai, 400058
Andheri, Maharashtra
+91 226143799
co.sec@laxmidentallimited.com
https://www.laxmidentallimited.com/
IPO Registrar
MUFG Intime India Pvt.Ltd.
+91-22-4918 6270
laxmidental.ipo@linkintime.co.in
https://linkintime.co.in/Initial_Offer/public-issues.html