Laxmi Dental Limited
GMP
₹542 (26.64%)
Offer Date
13 Jan 2025 to 15 Jan 2025
Offer Price
₹407 to ₹428
Lot Share
33 Share
Minimum Investment
₹14,124/ 33 Shares
Laxmi Dental Limited IPO Details
Laxmi Dental Limited IPO has an issue size of Approx ₹698.06 Crores, with a face value of ₹10 per share and a price band ranging from ₹407 to ₹428 per share.
Opening Date
13 Jan 2025
Closing Date
15 Jan 2025
Allotment Date
16 Jan 2025
Refund Intiated Date
17 Jan 2025
Demat Transfer Date
17 Jan 2025
Issue Size
Approx ₹698.06 Crores
Fresh Issue
Approx ₹138 Crores
Offer for sale
Approx ₹560.06 Crores
Laxmi Dental Limited Subscription Details
Laxmi Dental Limited IPO subscription till 15 Jan 2025 02:08:50 pm as QIB quota 110.38x, HNI quota 147.47x and Retail quota 74.12x with the total subscription of 113.9 Times.
Laxmi Dental Limited IPO Objects Of the Issue
Objects of the Fresh Issue Our 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.
Investment in certain Subsidiaries for the repayment/prepayment, in full or in part, of certain outstanding borrowings.
Funding the capital expenditure requirements for purchasing new machinery for the Company.
Investment in our subsidiary, Bizdent Devices Private Limited, is needed for the capital expenditure requirements for the purchase of new machinery.
General corporate purposes.
Retail Quota
10%
QIB Quota
75%
HNI Quota
15%
Retail Applications
49,424 Approx
S-HNI App
1,647 Approx
B-HNI App
3,295 Approx
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
Registrar
Link Intime India Private Ltd
Laxmi Dental Limited Promoters Holdings
Laxmi Dental Limited Company Financials (in Crore)
As of 30 Sept 2024 , Laxmi Dental Limited company reported assets of 158.22 Crore, revenue of 117.9 Crore, and a profit after tax of 22.74 Crore.
Laxmi Dental Limited Peer Groups
Poly Medicure Limited
Laxmi Dental Limited IPO Registrar
Link Intime India Private Ltd
Tel: +91-22-4918 6270
E-mail: laxmidental.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Laxmi Dental Limited Address
Laxmi Dental Limited
Office No. 103, Akruti Arcade, J. P. Road, Opposite A.H. Wadia High School Andheri (West), Mumbai, 400058Phone: +91 226143799E-mail: co.sec@laxmidentallimited.comWebsite: https://www.laxmidentallimited.com/
About Laxmi Dental Limited
Laxmi Dental Limited, founded in July 2004, is a leading integrated dental products company. It specializes in a wide range of dental solutions, including custom crowns and bridges, branded dental products like clear aligners, thermoforming sheets, aligner-related solutions, and pediatric dental products.
The company's product range includes custom crowns and bridges, clear aligners, thermoforming sheets, pediatric dental products, and more. It offers specialized products under the Taglus brand, which includes thermoforming sheets, biocompatible 3D printing resins, and machinery for manufacturing clear aligners.
Operating with a fully integrated business model, Laxmi Dental manages every aspect of the process, from design and manufacturing to distribution of dental products.
As of September 30, 2024, the company operates six manufacturing facilities—three in Mira Road, Mumbai, two in Boisar, and one in Kochi. It also has five supporting facilities in Mumbai, Delhi, Bengaluru, and Ahmedabad.
Laxmi Dental's network spans over 22,000 clinics and dentists in more than 320 cities across India. The company has a strong presence both domestically and internationally, exporting to over 90 countries.
As of September 30, 2024, Laxmi Dental employed 2,372 people across various departments.