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Laxmi Dental Ltd

Laxmi Dental Ltd

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹428
₹428
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹428
Based on GMP
Min. Investment
₹14,124
1 lot × 33 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
13 Jan 2025
Close Date
15 Jan 2025
Allotment
16 Jan 2025
Listing Date
20 Jan 2025
Exchange
NSE & BSE
Price Band
₹428
Listing Price
See chart
Allotment Status
Price Band
₹428
Per share
Face Value
₹2 per share
 
Lot Size
33 Shares
per lot
Issue Size
1,63,09,766 shares (aggregating up to ₹698.06 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,124
1 lot
Pre-IPO Holding
5,17,37,850 shares
Promoters
Post-IPO Holding
5,49,62,149 shares
Promoters
P/E (Pre)
87.77x
 
P/E (Post)
51.73x
 
EPS (Pre)
₹4.88
 
EPS (Post)
₹8.27
 
UPI Deadline
2025-01-15
Mandate
Anchor AllotmentFri, 10 Jan 2025
Basis of AllotmentThu, 16 Jan 2025
Refund InitiationFri, 17 Jan 2025
Demat CreditFri, 17 Jan 2025
Listing DayMon, 20 Jan 2025
UPI Mandate Deadline2025-01-15
Sale TypeFresh Capital-cum-Offer for Sale
Fresh Issue Shares32,24,299 shares (aggregating up to ₹138.00 Cr)
Offer for Sale1,30,85,467 shares of ₹2 (aggregating up to ₹560.06 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Laxmi Dental Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 15 Jan 2025.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
16,309,766
100% ₹698.06
IPO Shares Offered
Laxmi Dental Ltd IPO total issue size: ₹698.06 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 16,309,766 ₹698.06
100.00%
* Based on upper price band ₹428 per share
Lot Size & Investment
Lot Size
33
Shares per Lot
Issue Price
₹428.00
Upper Band
Min Investment
₹14,124
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)266₹28,248
Retail (Max — 14 Lots)14462₹197,736
S-HNI (Min — 15 Lots)15495₹211,860
B-HNI (Min — 71 Lots)712,343₹1,002,804
* Issue Price ₹428 × Lot Size 33 shares
IPO Schedule
Anchor
10 Jan 2025
✓ Done
IPO Open
13 Jan 2025
✓ Done
IPO Close
15 Jan 2025
✓ Done
Allotment
16 Jan 2025
✓ Done
Refunds
17 Jan 2025
✓ Done
Demat Credit
17 Jan 2025
✓ Done
Listing Day
20 Jan 2025
✓ Done
Laxmi Dental Ltd — Live Price LIVE
₹428.00
INR · BSE
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Issue ₹428.00 Live Price
About Laxmi Dental Ltd
Incorporated in July 2004, Laxmi Dental Limited is an integrated dental products company. The company offers custom crowns and bridges, branded dental items like clear aligners and thermoforming sheets, aligner-related products as part of its aligner solutions, and pediatric dental products.Their product portfolio includes custom crowns and bridges, clear aligners, thermoforming sheets, pediatric dental products, and more.The company offers thermoforming sheets, biocompatible 3D printing resins, and machines for manufacturing clear aligners under the brand name Taglus.The company operate a fully integrated model, meaning they handle the entire process from design and manufacturing to distribution of dental products.As of September 30, 2024, the company has six manufacturing facilities: three in Mira Road, Mumbai, two in Boisar, and one in Kochi, along with five supporting facilities in Mumbai, Delhi, Bengaluru, and Ahmedabad.As of September 30, 2024, the company’s dental network includes over 22,000 clinics and dentists across more than 320 cities nationwide.The company has significant presence in both domestic and international markets, exporting to over 90 countries.As of September 30, 2024, the company had 2,372 employees in various departments.Competitive strengthsThe only integrated dental products company in India, well-positioned to capture industry tailwinds;Second largest player in domestic laboratory business and largest export laboratory with increasing adoption of digital dentistry;Vertically integrated diverse branded product portfolio;Large Dental Network provide a competitive advantage in the market;Robust technologically advanced capabilities with stringent regulatory compliance ensuring high quality standards.
Objects of the Issue
1
Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company.
2
Investment in certain Subsidiaries for the repayment/prepayment, in full or in part, of certain outstanding borrowings.
3
Funding the capital expenditure requirements for purchasing new machinery for the Company.
4
Investment in our subsidiary, Bizdent Devices Private Limited, is needed for the capital expenditure requirements for the purchase of new machinery.
5
General corporate purposes.
Laxmi Dental Ltd Financials (Amount in ₹ Crore)
Revenue from Operations
₹163.8
31 Mar 2023
₹195.3
31 Mar 2024
₹117.9
30 Sep 2024
Profit After Tax (PAT)
-₹4.2
31 Mar 2023
₹25.2
31 Mar 2024
₹22.7
30 Sep 2024
Particulars30 Sep 202431 Mar 202431 Mar 2023
Revenue from Operations 117.90 195.26 163.84
EBITDA N/A N/A N/A
Profit After Tax (PAT) 22.74 25.23 -4.16
Net Worth 67.09 44.57 19.48
Total Assets 158.22 134.52 96.54
Reserves & Surplus N/A N/A N/A
Borrowings 40.91 42.03 31.44
EBITDA Margin (%) N/A
PAT Margin (%) 13.03%
P/BV Ratio
49.59
RoE
78.78%
RoCE
19.97%
RoNW
78.78%
PAT Margin
13.03%
Debt/Equity
0.94
Issue Structure & Shareholding
Total Shares Offered1,63,09,766 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding5,17,37,850 shares
Post-Issue Promoter Holding5,49,62,149 shares
P/BV Ratio49.59
RoE78.78%
RoCE19.97%
Debt / Equity0.94
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Nuvama Wealth Management Ltd
Motilal Oswal Investment Advisors Ltd
SBI Capital Markets Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Laxmi Dental Ltd IPO subscribed?

Laxmi Dental Ltd IPO is subscribed 1.00 times by Jan 15, 2025. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Laxmi Dental Ltd IPO retail subscription status?

The Laxmi Dental Ltd IPO retail category is subscribed 1.00 times as of 15 Jan 2025. The retail portion is oversubscribed.

How to subscribe Laxmi Dental Ltd IPO?

Subscribe via your broker app using ASBA or UPI. Opens 13 Jan 2025 and closes 15 Jan 2025. Min investment: ₹14,124 (1 lot = 33 shares). UPI mandate: 2025-01-15.

How many times Laxmi Dental Ltd IPO subscribed?

The Laxmi Dental Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Laxmi Dental Ltd IPO allotment?

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in. Enter your PAN, application number or DP/Client ID. Allotment date: 16 Jan 2025. Refunds: on 17 Jan 2025.

When Laxmi Dental Ltd IPO will be listed?

The Laxmi Dental Ltd IPO listing date is 20 Jan 2025, Monday. Listed on: NSE & BSE. Issue price: ₹428. Estimated listing: ₹428. GMP: NIL.

When Laxmi Dental Ltd IPO close?

The Laxmi Dental Ltd IPO closes on 15 Jan 2025, Wednesday. UPI mandate: 2025-01-15. Allotment: 16 Jan 2025. Listing: 20 Jan 2025.