Laxmi Dental IPO GMP, Price, Date, Allotment

Laxmi Dental IPO Description – As of 31 March 2024, Laxmi Dental stands as India’s only fully integrated dental products company, offering a comprehensive portfolio of solutions. Its range includes custom-made crowns and bridges, branded dental products such as clear aligners, thermoforming sheets, and aligner-related products, as well as paediatric dental products. Ranked among India’s top two largest dental laboratories by revenue for the fiscal year 2023, the company caters to both domestic and international markets, including the USA, UK, and Europe.

With a market presence spanning more than 20 years, Laxmi Dental has established a robust dental network, reaching over 20,000 dental clinics, dental companies, and dentists over the past three fiscal years. The company has successfully catered to both global and domestic demand, exporting its dental products to more than 95 countries and distributing them across 300 cities in India between fiscals 2022 and 2024.

As of 31 March 2024, Laxmi Dental manufactures its dental products across six manufacturing facilities spanning a total area of 146,804.42 square feet. These facilities include three located in Mira Road within the Mumbai Metropolitan Region, two in Boisar, Maharashtra, and one in Kochi, Kerala. Additionally, the company operates five supporting facilities with manufacturing capabilities, located in Mumbai (two facilities), Delhi, Bengaluru, and Ahmedabad.

As of 31 March 2024, Laxmi Dental employed 2,299 full-time employees.

Promoters of Laxmi Dental – Rajesh Vrajlal Khakhar, Sameer Kamlesh Merchant, and Dharmesh Bhupendra Dattani

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Laxmi Dental IPO Details

Laxmi Dental IPO Dates	13 – 15 January 2025
Laxmi Dental Issue Price	INR 407 – 428 per share
Fresh issue	INR 150 crore
Offer For Sale	1,28,26,847 shares (INR 522.05 – 548.99 crore)
Total IPO size	INR 672.05 – 698.99 crore
Minimum bid (lot size)	33 shares (INR 14,124)
Face Value	INR 2 per share
Retail Allocation	10%
Listing On	NSE, BSE

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Laxmi Dental Financial Performance

	FY 2022	FY 2023	FY 2024	H1 FY 2025
Revenue	136.84	161.63	193.56	116.78
Expenses	143.40	167.76	186.66	103.41
Net income	(18.68)	(4.16)	25.23	22.74
Margin (%)	(13.65)	(2.57)	13.04	19.47

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Laxmi Dental Offer News

• Laxmi Dental RHP
• Laxmi Dental DRHP
• ASBA IPO Forms
• Live IPO Subscription Status
• IPO Allotment Status

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Laxmi Dental Valuations & Margins

	FY 2022	FY 2023	FY 2024 (Pre Issue)	FY 2025 (Post-Issue)*
EPS	(3.28)	(0.71)	5.11	8.23
PE Ratio	–	–	79.65 – 83.76	49.44 – 51.99

	FY 2022	FY 2023	FY 2024
RONW (%)	(60.47)	(19.62)	78.78
NAV	4.44	3.77	8.63
ROCE (%)	(19.40)	(0.33)	19.97
EBITDA (%)	3.95	5.54	12.29
Debt/Equity	1.29	1.61	0.94

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Laxmi Dental IPO GMP Today (Daily Trend)

Date	Day-wise IPO GMP	Kostak	Subject to Sauda
Coming soon	–	–	–

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Laxmi Dental IPO Objectives

The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

• Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the company – INR 19.57 crore
• Investment in certain subsidiaries for the repayment/prepayment, in full or in part, of certain outstanding borrowings – INR 13.37 crore
• Funding the capital expenditure requirements for the purchase of new machinery for the company – INR 37.57 crore
• Investment in the subsidiary, Bizdent Devices, for the capital expenditure requirements for the purchase of new machinery – INR 35.10 crore
• General corporate purposes

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Laxmi Dental IPO Subscription – Live Updates

Coming soon

Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.

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Laxmi Dental – Comparison With Listed Peers

Company	PE ratio	EPS	RONW (%)	NAV	Revenue (Cr.)
Laxmi Dental	51.99	8.23	78.78	8.63	195.26
Poly Medicure	95.00	26.90	19.05	153.22	1,434.54

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Laxmi Dental IPO Allotment Status

Laxmi Dental IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.

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Laxmi Dental IPO Dates & Listing Performance

IPO Opening Date	Coming soon
IPO Closing Date	Coming soon
Finalization of Basis of Allotment	Coming soon
Initiation of refunds	Coming soon
Transfer of shares to demat accounts	Coming soon
Laxmi Dental IPO Listing Date	Coming soon
Opening Price on NSE	Coming soon
Closing Price on NSE	Coming soon

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Laxmi Dental IPO Reviews – Subscribe or Avoid?

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Laxmi Dental Offer Lead Manager

NUVAMA WEALTH MANAGEMENT LIMITED
801-804, Wing A, Building No 3, Inspire BKC,
G Block, Bandra Kurla Complex, Bandra East,
Mumbai – 400 051
Phone: +91 22 4009 4400
Email: [email protected]
Website: www.nuvama.com

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Laxmi Dental Offer Registrar

LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 22 4918 6000/ +91 8108114949
Email: [email protected]
Website: www.linkintime.co.in

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Laxmi Dental Contact Details

LAXMI DENTAL LIMITED
301, A-wing, Interface-16, Mindspace, Malad (West),
Mumbai – 400 064, Maharashtra, India
Phone: +91 22 6143 7992
Email: [email protected]
Website: www.laxmidentallimited.com

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Laxmi Dental IPO FAQs