Laxmi Dental IPO: Check IPO Date, Live Subscription and Key Details
Laxmi Dental is an India-based full-integrated dental products company providing a wide gamut of customized crowns, clear aligners, thermoforming sheets, and products for pediatric dentistry. Revenues in FY 2023 ranked the firm as one of the two biggest dental laboratories in India. In addition to Indian customers, exports are made to more than 95 countries worldwide, and 300 cities of India are covered for distribution.
Min Investment
₹14124
Price Range
₹407.0 - 428.0
Issue Size
₹698.06 Cr
IPO Type
Mainboard
Key Metrics
Face Value
₹2
EPS
8.27
P/E Ratio
51.73
RoNW
78.78%
ROE
78.78%
Debt to Equity
0.94
Timeline
IPO Opens
13 Jan
IPO Closes
15 Jan
Allotment
16 Jan
Listing
20 Jan
IPO Objectives
- 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 the purchase of new machinery for the Company.
- Investment in our Subsidiary, Bizdent Devices Private Limited, for the capital expenditure requirements for the purchase of new machinery.
- General Corporate Purpose
Strengths
- Only integrated dental products company in India.
- Diverse portfolio including clear aligners and pediatric dental products.
- Strong network of 22,000+ clinics across 320 cities.
- Exports to over 90 countries globally.
- Advanced technology with stringent regulatory compliance ensures high-quality standards.
Weaknesses
- High dependency on digital dentistry adoption trends.
- Limited presence in non-dental medical product markets.
- Vulnerable to regulatory changes in export countries.
- Requires constant investment in R&D for competitive edge.
- Rising competition in the global dental products market.
Financial Performance
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 158.22 | 134.52 | 96.54 | 102.75 |
| Revenue (₹ Cr.) | 117.9 | 195.26 | 163.84 | 138.07 |
| PAT (₹ Cr.) | 22.74 | 25.23 | -4.16 | -18.68 |
| Net Worth (₹ Cr.) | 67.09 | 44.57 | 19.48 | 22.94 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Laxmi Dental Limited | 49.59 | 51.73 | 78.78 | 67.09 |
| Poly Medicure Ltd. | 16.53 | 94.02 | 19.05 | 1470 |
Subscription Details
Daily Bids Status
| Date | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.13x | 0.84x | 110.38x |
| NII | 10.89x | 37.44x | 147.51x |
| S-HNI | 11.52x | 33.57x | 107.17x |
| B-HNI | 10.58x | 39.38x | 167.68x |
| RII | 12.61x | 29.65x | 74.41x |
| Total | 5.33x | 16.06x | 113.97x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 48,92,931 | 54,00,81,366 | 23,115.48 |
| NII | 24,46,464 | 36,08,81,202 | 15,445.72 |
| Small NII | 8,15,488 | 8,73,91,986 | 3,740.38 |
| Big NII | 16,30,976 | 27,34,89,216 | 11,705.34 |
| RII | 16,30,976 | 12,13,61,658 | 5,194.28 |
| Total | 89,70,371 | 1,02,23,24,226 | 43,755.48 |
Company Details
- Office No. 103, Akruti Arcade, J. P. Road, Opposite A.H. Wadia High School Andheri (West), Mumbai, 400058
- +91 226143799
- co.sec@laxmidentallimited.com
- https://www.laxmidentallimited.com/
Registrar Details
- Link Intime India Private Ltd
- +91-22-4918 6270
- laxmidental.ipo@linkintime.co.in
- https://linkintime.co.in/initial_offer/public-issues.html