Laxmi Dental Limited IPO is opening on 13 January 2025 and will be open until 15 January 2025. This is a mainboard IPO, which is raising ₹698.06 crore from a combination of fresh issue and offer for sale. The firm is offering 32 lakh fresh equity shares amounting to ₹ 138 crore while the remaining ₹560.06 crore will be raised via a 1.31 crore equity shares offer for sale.
The Laxmi Dental IPO allotment date will be finalized on Thursday, 16 January 2025. Laxmi Dental shares will be probably listed on NSE & BSE on Monday, 20 January 2025.
Laxmi Dental IPO’s price band has been set between ₹407 to ₹428 per share. The ipo lot size is 33 per application which makes the minimum retail investment of ₹14124. The sNII will be subscribing to a minimum of 15 lots which amounts to ₹211860 and the bNII will have to subscribe to at least 71 lots amounting to ₹1002804.
Laxmi Dental NSE BSE IPO Details
| Detail | Information |
| IPO Opening Date | January 13, 2025 |
| IPO Closing Date | January 15, 2025 |
| Tentative IPO Listing Date | January 20, 2025 |
| Face Value | ₹2 per share |
| Price Range | ₹407 to ₹ 428 per share |
| Lot Size | 33 shares |
| Total Issue Size | 16309766 shares (₹698.06 Cr.) |
| Fresh Issue | 3224299 shares (₹138 Cr.) |
| OFS | 13085467Shares (₹560.06 Cr.) |
| IPO Segment | Book Built IPO Issue |
| Listing At | NSE BSE |
| Share Holding Pre-Issue | 51737850 shares |
| Share Holding Post-Issue | 54962147 shares |
Laxmi Dental Limited | Company Overview
Laxmi Dental Limited was established in 2004 and produces and supplies integrated dental products. It offers a wide range of products which include –
- Custom crowns
- Bridges
- Branded dental items
- Clear aligners
- Thermoforming sheets
- Other aligner products
- Paediatric dental solutions
- Biocompatible 3D printing resins
- Taglus – Clear Aligners Manufacturing Machines
From the designing of dental products to manufacturing and distributing them, Laxmi Dental Ltd. takes care of it all.
According to reports from September 30, 2024, Laxmi Dental Limited has 6 manufacturing units, 3 of which are in Mira Road, Mumbai, 2 in Boisar, and 1 in Kochi. Five more supporting facilities are present in Mumbai, Bengaluru, Delhi, and Ahmedabad.
The network of the firm includes 22000 clinics and dentists across 320 cities in the country. On top of that, there are 90 countries to which the dental products are exported. The firm is equally active in domestic and international markets.
Laxmi Dental Limited IPO | Key Details
- Laxmi Dental IPO Opening Date: January 13, 2025,
- Laxmi Dental IPO Closing Date: January 15, 2025.
- Allotment Date: January 16, 2025
- Price Band: ₹407 to ₹428 per share
- Lot Size: 33 shares
- Refunds Initiated: January 17, 2025
- Shares Credited to Demat: January 17, 2025
- Listing Date: January 20, 2025
Laxmi Dental Ltd: Financial Overview
Laxmi Dental Limited witnessed a whopping up of over 700% in its profit (PAT) in FY24 with just a 19% rise in revenue.
Here are the details of the financials of the firm
Amounts in ₹ Crore
| Financial Information | FY24 | FY23 | Absolute Change | Change (%) |
| Assets | 134.52 | 96.54 | 37.98 | 39.34121 |
| Revenue | 195.26 | 163.84 | 31.42 | 19.17725 |
| Profit After Tax | 25.23 | -4.16 | 29.39 | 706.4904 |
| Net Worth | 44.57 | 19.48 | 25.09 | 128.7988 |
| Total Borrowing | 42.03 | 31.44 | 10.59 | 33.68321 |
FAQs | Laxmi Dental Ltd IPO
Laxmi Dental Ltd is engaged in the manufacturing and distribution of dental products such as
braces, aligners, and other related products. It has over 22000 clinics and dentists in its
client network and also exports to 90 countries.
The tentative IPO listing date of Laxmi Dental has been fixed as Monday, January 20, 2025.
The bidding date for the Laxmi Dental IPO is January 13, 2025, and it will continue until
January 15, 2025.
The minimum IPO lot size for Laxmi Dental is 33 shares.
The IPO allotment is expected to be finalized on Thursday, January 16, 2025.
The IPO face value is set at ₹2 per share.
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