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Allotment

Laxmi Dental Limited

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.

Laxmi Dental Limited IPO & Charts
₹428

0%

Open

₹428

HIgh - Low

₹428

Previous Close

₹428

Total Traded Value

0

52 Weeks High

₹428

52 Weeks Low

₹428

Updates On

Jan 5, 2025

IPO. Open

Jan 13, 2026

IPO. Close

Jan 15, 2026

IPO. Price

₹428.00

IPO Market price

₹2,352.38 Cr

IPO Details

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 Timeline

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

IPO Reservation

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

IPO Lot Size

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
About Company

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.

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Company Financials (Consolidated)

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

Key Performance Indicator (KPI)

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 Objective

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) -

Contact Details

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/

Detail Registrar

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

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