Laxmi Dental IPO Description – As of September 2024, Laxmi Dental is 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, aligner-related products, and paediatric dental products. Ranked among India’s top two largest dental laboratories by revenue for the fiscal year 2023, the company caters to 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 22,000 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 fiscal 2022 and September 2024.
As of 30 September 2024, Laxmi Dental manufactures its dental products across six manufacturing facilities spanning a total area of 147,029.63 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 30 September 2024, Laxmi Dental employed 2,372 full-time employees.
Promoters of Laxmi Dental – Rajesh Vrajlal Khakhar, Sameer Kamlesh Merchant, and Dharmesh Bhupendra Dattani
Table of Contents
Laxmi Dental IPO Details
| Laxmi Dental IPO Dates | 13 – 15 January 2025 |
| Laxmi Dental Issue Price | INR 407 – 428 per share |
| Fresh issue | INR 138 crore |
| Offer For Sale | 1,30,85,467 shares (INR 532.58 – 560.06 crore) |
| Total IPO size | INR 663.81 – 698.06 crore |
| Minimum bid (lot size) | 33 shares (INR 14,124) |
| Face Value | INR 2 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
Laxmi Dental Financial Performance
| Â | 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 |
Laxmi Dental Offer News
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 |
Laxmi Dental IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 15 January 2025 | 140 | – | 3,700 |
| 14 January 2025 | 140 | – | 3,700 |
| 13 January 2025 | 165 | – | 4,300 |
| 11 January 2025 | 165 | – | 4,300 |
| 10 January 2025 | 165 | – | 4,300 |
| 9 January 2025 | 150 | – | 4,100 |
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 22.98 crore
- Investment in certain subsidiaries for the repayment/prepayment, in full or in part, of certain outstanding borrowings – INR 4.60 crore
- Funding the capital expenditure requirements for purchasing new machinery for the company – INR 43.51 crore
- Investment in the subsidiary, Bizdent Devices, for the capital expenditure requirements for purchasing new machinery – INR 25.00 crore
- General corporate purposes
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 |
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.
Laxmi Dental IPO Dates & Listing Performance
| IPO Opening Date | 13 January 2025 |
| IPO Closing Date | 15 January 2025 |
| Finalization of Basis of Allotment | 16 January 2025 |
| Initiation of refunds | 17 January 2025 |
| Transfer of shares to demat accounts | 17 January 2025 |
| Laxmi Dental IPO Listing Date | 20 January 2025 |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
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:Â +91 22 4009 4400
Email:Â [email protected]
Website: www.nuvama.com
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:Â +91 22 4918 6000/ +91 8108114949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Laxmi Dental Contact Details
LAXMI DENTAL LIMITED
301, A-wing, Interface-16, Mindspace, Malad (West),
Mumbai – 400 064, Maharashtra, India
Phone:Â +91 22 6143 7992
Email: [email protected]
Website: www.laxmidentallimited.com
Laxmi Dental IPO FAQs
How many shares in Laxmi Dental IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply for Laxmi Dental Public Offer?
The best way to apply for Laxmi Dental public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Laxmi Dental IPO GMP today?
Laxmi Dental IPO GMP today is INR 140 per share.
What is Laxmi Dental kostak rate today?
Laxmi Dental kostak rate today is INR NA per application.
What is Laxmi Dental Subject to Sauda rate today?
Laxmi Dental Subject to Sauda rate today is INR 3,700 per application.