Laxmi Dental
Mainboard₹14,124 / 33 Shares
Laxmi Dental IPO Details
The Laxmi Dental IPO price band is set between ₹407-428 per equity share, with a face value of ₹2 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 13 Jan, 2025 and closes on 15 Jan, 2025. Investors can check the allotment status on 16 Jan, 2025, while the listing date is tentatively scheduled for 20 Jan, 2025.
The total issue size is Total ₹698.06 Cr :#Fresh Issue : 33,82,352 shares, aggregating up to ₹138.00 Cr. Stay tuned for the latest Laxmi Dental IPO review and GMP updates.
Laxmi Dental IPO Review, Rating & Analysis
Laxmi Dental IPO Review
NO REVIEWLaxmi Dental IPO Rating
Laxmi Dental IPO Highlights
IPO Date
Jan 13, 2025 - Jan 15, 2025
Listing Date
20 Jan, 2025
Face Value
₹2 Per Equity Share
Price Band
₹407-428 per equity share
Lot Size
33 Shares
Fresh Issue
33,82,352 Shares
Offer for Sale
1,30,85,467 shares of ₹2
Listing At
BSE, NSE
Laxmi Dental IPO Lot Size
The minimum market lot for Laxmi Dental IPO is 33 shares with an application amount of ₹14,124. Retail investors can apply for up to 14 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | 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 | 2310 | ₹9,88,680 |
| B-HNI (Min) | 71 | 2343 | ₹10,02,804 |
Laxmi Dental IPO Timeline
Issue Price
₹407-428 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
Nuvama Wealth Management LimitedMotilal Oswal Investment Advisors LimitedSBI Capital Markets LimitedIssue Size
Total ₹698.06 Cr :#Fresh Issue : 33,82,352 shares(aggregating up to ₹138.00 Cr) +
#OFS : 1,30,85,467 shares of ₹2(aggregating up to ₹560.06 Cr)
Laxmi Dental IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Sep 24 | 158.22 | 117.9 | 22.74 | 67.09 | - | 40.91 |
| 31 Mar 24 | 134.52 | 195.26 | 25.23 | 40.91 | - | 42.03 |
| 31 Mar 23 | 96.54 | 163.84 | -4.16 | 19.48 | - | 31.44 |
| 31 Mar 22 | 102.75 | 138.07 | -18.68 | 22.94 | - | 29.63 |
All values are in ₹ Cr.
Laxmi Dental IPO Valuations
EPS Pre IPO
₹4.88/-EPS Post IPO
₹8.27/-PE Pre IPO
87.77PE Post IPO
51.73ROE
78.78%ROCE
19.97%Debt Equity
0.94RoNW
78.78%PAT Margin
13.03Price to Book Value
49.59Promoters & Share Holding
Promoter(s) Name
- Rajesh Vrajlal Khakhar
- Sameer Kamlesh Merchant
- Dharmesh Bhupendra Dattani
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 46.56% | 41.70% |
About Company
Laxmi Dental is an India-based full-integrated dental products company providing a wide gamut of customized crowns, clear aligners, thermoforming sheets, and products for pediatric dentistry. Revenues in FY 2023 ranked the firm as one of the two biggest dental laboratories in India. In addition to Indian customers, exports are made to more than 95 countries worldwide, and 300 cities of India are covered for distribution.
Laxmi Dental has built a network of 20,000+ dental clinics, companies, and dentists with more than 20 years of market presence. Its six manufacturing units cover 146,804.42 sq. ft. and are located at Maharashtra and Kerala, while another five are set up in metros. As on March 31, 2024, 2,299 full-time professionals work for the company to enhance its pursuit of innovative and quality dentistry.
Laxmi Dental IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 48,92,931 | 24,46,464 16,30,976 8,15,488 | 16,30,976 | 89,70,371 |
Day 1 -13-01-25 05:00 PM | 0.13 x | 10.87 10.58 x 11.45 x | 12.48 x | 5.30 x |
Day 2 -14-01-25 05:00 PM | 0.84 x | 37.41 39.38 x 33.49 x | 29.51 x | 16.03 x |
Day 3 -15-01-25 05:00 PM | 110.38 x | 147.81 167.68 x 108.06 x | 75.56 x | 114.26 x |
Retail:59.45x
BHNI:34.53x
SHNI:103.86x times
Company Contact Details
Laxmi Dental
Office No. 103, Akruti Arcade, J. P. Road, Opposite A.H. Wadia High School Andheri (West), Mumbai, 400058Phone: +91 226143799
Email: co.sec@laxmidentallimited.com
Website: https://www.laxmidentallimited.com/
Registrar Contact Details
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: laxmidental.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Frequently Asked Questions about Laxmi Dental IPO
When will Laxmi Dental IPO open for subscription?
The Laxmi Dental IPO opens on 13 Jan, 2025 and closes on 15 Jan, 2025.
What is the investors portion for Laxmi Dental IPO?
The investors' portion for QIB is 110.38 x, NII is 167.68 x, and Retail is 75.56 x.
How to apply for Laxmi Dental IPO?
You can apply for Laxmi Dental IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Laxmi Dental IPO?
The issue size of Laxmi Dental IPO is approx ₹Total ₹698.06 Cr :#Fresh Issue : 33,82,352 shares(aggregating up to ₹138.00 Cr) +#OFS : 1,30,85,467 shares of ₹2(aggregating up to ₹560.06 Cr) crores.
What is the price band of Laxmi Dental IPO?
The price band for Laxmi Dental IPO is ₹407 to ₹428 per equity share.
What is the lot size of Laxmi Dental IPO?
The minimum bid (lot size) for Laxmi Dental IPO is N/A shares with an investment of approx ₹14,124 .
What is the allotment date of Laxmi Dental IPO?
The allotment date for Laxmi Dental IPO is 16 Jan, 2025.
What is the listing date of Laxmi Dental IPO?
The listing date for Laxmi Dental IPO is expected to be 20 Jan, 2025.
What is the GMP of Laxmi Dental IPO?
The latest Grey Market Premium (GMP) for Laxmi Dental IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.