Laxmi Dental IPO
ListedMainboardOpens 13 January 2025Closes 15 January 2025
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…
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.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
13 Jan 2025
IPO Closes
15 Jan 2025
Allotment
16 Jan 2025
Listing
20 Jan 2025
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 13 January 2025 |
| IPO Close Date | 15 January 2025 |
| Allotment Date | 16 January 2025 |
| Listing Date | 20 January 2025 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,124 |
Retail (Max)Just less than ₹2,00,000 | 14 | ₹1,97,736 |
SHNI (Min)Just above ₹2,00,000 | 15 | ₹2,11,860 |
SHNI (Max)Below ₹10,00,000 | 70 | ₹9,88,680 |
BHNIAbove ₹10,00,000 | 71 | ₹10,02,804 |
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% | 1,470 |
Subscription Details
Daily Bids Status
| Category | 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
- Laxmi Dental Limited
- 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
Frequently Asked Questions
See live numbers on GMP, Subscription, and Allotment pages.
Laxmi Dental IPO News & Updates
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Laxmi Dental IPO IPO Pages
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Laxmi Dental IPO Details
Issue size, price, financials, and company info
Laxmi Dental IPO GMP
Live grey market premium and listing estimate
Laxmi Dental IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Laxmi Dental IPO Allotment
Allotment date, chances, and check by PAN
Laxmi Dental IPO Review
SWOT, strengths, risks, and IPO review
Laxmi Dental IPO FAQ
Common questions on dates, GMP, and allotment
Laxmi Dental IPO Registrar
Registrar website and how to check allotment
Laxmi Dental IPO Timeline
Open, close, allotment, and listing dates
Laxmi Dental IPO News
Updates, blogs, and latest IPO news
Sources
We match Laxmi Dental IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Link Intime India Private LtdOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.