The highly anticipated Laxmi Dental IPO subscription starts on 13 January 2025 and ends on 15 January 2025. With a target of approximately INR 663.81 – 698.06 crore, this initial public offering is expected to attract significant investor attention. The share price band is set between INR 407 – 428 per share requiring a minimum investment of INR 14,124 for a single lot of 33 shares.
The distribution of shares among investor categories has been allocated as follows:
- Retail Individual Investors (RII): 10%
- Qualified Institutional Buyers (QIB): 75%
- Non-Institutional Investors (NII): 15%
Laxmi Dental IPO Subscription Status
The subscription status for the Laxmi Dental IPO is being closely monitored. Here are the latest subscription figures across different investor categories:
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.
Laxmi Dental – Business Overview
Incorporated in 2004, Laxmi Dental is a prominent player in the dental products industry in India, specializing in vertically integrated B2B2C dental aligner solutions. The company offers a wide range of products including custom-made crowns and bridges, branded dental aligners, and pediatric dental products. Its operations are divided into three main business verticals: the laboratory business, which contributes approximately 64.75% of total revenue, the aligner solutions business which includes the FDA-cleared “Illusion Aligners,” and the pediatric segment managed through a joint venture called Kids-E-Dental LLP.
This diverse portfolio has enabled Laxmi Dental to establish a robust presence in both domestic and international markets, serving over 22,000 dental clinics across more than 95 countries
Laxmi Dental’s financial performance has shown significant improvement, becoming profitable in FY 2024 due to enhanced operational efficiencies and revenue growth. However, challenges remain, such as reliance on specific regions for revenue and the need to expand its skilled workforce. The dental market in India is poised for substantial growth, with the clear aligner segment expected to rise significantly in value by 2030.
Understanding Investor Categories
The Laxmi Dental IPO is structured to cater to three main investor categories:
- Qualified Institutional Buyers (QIB):
- Includes entities like mutual funds and foreign institutional investors.
- Allocated 75% of the total offering.
- Non-Institutional Investors (NII):
- Comprises high-net-worth individuals investing more than INR 200,000.
- Receives approximately 15% of the shares.
- Retail Individual Investors (RII):
- Designed for investors bidding up to INR 200,000.
- Allotted 10% of the total shares.
Important Dates for the Laxmi Dental IPO
- IPO Opening Date: 13 January 2025
- IPO Closing Date: 15 January 2025
- Allotment Date: Expected on or around 16 January 2025
- Listing Date: Scheduled for 20 January 2025
Value-Added Insights for Investors
Before investing in the Laxmi Dental IPO, evaluating the company’s market positioning and growth potential within its sector is crucial. Additionally, understanding regulatory changes and industry dynamics can provide a clearer picture of potential risks and rewards. Leveraging IPO Central’s expert opinions can enhance decision-making and help identify long-term growth opportunities.
Laxmi Dental IPO Subscription FAQs
How can I apply for the Laxmi Dental IPO?
Investors can apply through their bank’s ASBA facility or an online trading platform their stockbroker provides. Ensure you have an active Demat account for a seamless process.
What is the expected listing price for Laxmi Dental shares?
While exact listing prices are uncertain, monitoring the Grey Market Premium (GMP) and market trends can indicate the potential performance on listing day.
When will the Laxmi Dental IPO be listed?
When will the Laxmi Dental IPO subscription start?
Laxmi Dental IPO subscription starts on 13 January 2025 and ends on 15 January 2025.
