Laxmi Dental Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹407 - ₹428
- Lot size
- 33 shares
- Issue amount
- ₹698.06 cr
- Total subscription
- 114.42×
- Opens
- 13 Jan 2025
- Closes
- 15 Jan 2025
- Allotment
- 16 Jan 2025
- Listing
- 20 Jan 2025
Offer at a glance
Issue overview
- Issue size
- 1,63,09,766 shares
- Face value
- ₹2 per share
- Minimum investment
- ₹13,431
- Fresh issue
- ₹138 cr
- Offer for sale
- ₹560.06 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,124
- Issue type
- Bookbuilding IPO
- Shares before issue
- 5,17,37,850
- Shares after issue
- 5,49,62,149
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 33 | ₹14,124 |
| sHNI | 15 | 495 | ₹2,11,860 |
| bHNI | 71 | 2,343 | ₹10,02,804 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 49,424 | 29,66,407 |
| HNIs(10L +) | 3,295 | 1,13,782 |
| HNIs (2-10L) | 1,647 | 1,13,782 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 209.42 | 23,115.48 |
| RETAIL | 69.81 | 5,321.64 |
| HNIs 2+ | 34.9 | 3,786.79 |
| HNIs 10+ | 69.81 | 11,705.34 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 4.39 | 4.8 | -0.77 |
| ROE | 40.73 | 78.78 | -19.62 |
| ROCE | 24.64 | 19.97 | -0.33 |
| RONW | 40.73 | 78.78 | -19.62 |
| PRE IPO (PE) | 0 | 87.77 | 0 |
| POST IPO (PE) | 51.73 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded on July 8, 2004, Laxmi Dental has grown to become India's only fully integrated dental products company. It offers a wide variety of products, including custom crowns and bridges, clear aligners, thermoforming sheets, aligner accessories, and specialized dental products for children. With over 20 years of experience, the company has expanded its reach globally, exporting to over 95 countries and serving more than 300 cities in India between 2022 and 2024. Laxmi Dental operates six modern manufacturing facilities across Maharashtra and Kerala, covering over 146,000 square feet, as well as additional facilities in Mumbai, Delhi, Bengaluru, and Ahmedabad. Today, it is a trusted partner for over 20,000 dental clinics and professionals. Ranked among India's top dental labs by revenue in 2023, Laxmi Dental continues to lead in innovation and quality, backed by a team of 2,299 employees as of March 31, 2024.
Strengths
- India's Only Fully Integrated Dental Products Company: Positioned to capitalize on industry growth, offering a comprehensive range of products and complete solutions.
- Market Leadership: Second-largest player in the domestic dental lab sector and a leading choice for exports, benefiting from the rising adoption of digital dentistry.
- Wide Range of Products: Offers a strong portfolio including crowns, bridges, clear aligners, and pediatric dental care, giving an advantage in both domestic and international markets.
Risk factors
- Financial Challenges: Past losses, negative earnings per share, and asset write-offs over the last three years raise concerns about the company’s financial health and long-term stability.
- Auditor's Concerns: Issues highlighted in the FY 2024 and 2023 financial statements indicate potential risks or uncertainties.
- Reliance on Expanding Dental Network: Growth depends on effectively expanding the network and increasing sales per customer; failure to do so may impact operations and financial stability.
Promoters
Rajesh Vrajlal Khakhar
Sameer Kamlesh Merchant
Dharmesh Bhupendra Dattani
Registrar & documents
Lead manager
Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Office No. 103, Akruti Arcade, J. P. Road, Opposite A.H. Wadia High School Andheri (West), Mumbai, 400058
+91 226143799
[email protected]Company website ↗Understanding LAXMIDENTL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.