Laxmi Dental Ltd., a prominent player in the dental products industry, is set to launch its Initial Public Offering (IPO) to raise ₹698 crore. The IPO will open for subscription on January 13, 2025, and close on January 15, 2025.

Company Overview

Laxmi Dental Ltd. is an integrated dental products company with a diverse portfolio that includes custom-made crowns and bridges, branded aligner solutions, and pediatric dental products. With over two decades of brand presence, the company operates six facilities across Mumbai, Kochi, and other cities, serving a vast network of dental professionals.

IPO Timeline

• Issue Opens: January 13, 2025
• Issue Closes: January 15, 2025
• Allotment Finalization: To be announced
• Refund Initiation: To be announced
• Shares Credited to Demat Accounts: To be announced
• Listing Date: To be announced

Price Band and Lot Size

• Price Band: ₹407 to ₹428 per share
• Lot Size: 33 shares per lot
• Minimum Investment: ₹13,431 (at the upper end of the price band)

Key Dates

• IPO Open Date: January 13, 2025
• IPO Close Date: January 15, 2025
• Basis of Allotment Date: To be announced
• Initiation of Refunds: To be announced
• Credit of Shares to Demat Account: To be announced
• IPO Listing Date: To be announced

Financials

As of the fiscal year ending March 2024, Laxmi Dental reported a revenue of ₹193.56 crore, an increase from ₹161.63 crore in the previous year. The company’s EBITDA rose to ₹23.79 crore, and it achieved a net profit of ₹25.23 crore, marking a turnaround from a loss of ₹4.16 crore in the prior year.

Strengths

• Integrated Operations: Laxmi Dental offers end-to-end dental solutions, enhancing operational efficiency.
• Diverse Product Portfolio: The company provides a wide range of dental products catering to various market segments.
• Established Brand Presence: With over 20 years in the industry, Laxmi Dental has built a strong brand reputation.

Risks

• Market Competition: The dental products industry is highly competitive, with both domestic and international players.
• Regulatory Compliance: Adherence to stringent regulations in different countries can pose challenges.
• Dependence on Technological Advancements: The need to continually invest in new technologies to stay competitive.

IPO Anchor Investors Details

Details regarding anchor investors have not been disclosed as of now.

IPO Promoter Holding

Currently, the promoters and promoter group hold a 46.56% stake in Laxmi Dental, while public shareholders own the remaining 53.44%.

IPO Grey Market Premium (GMP)

As of now, there is no available information regarding the Grey Market Premium for Laxmi Dental’s IPO.

Final Thoughts

Laxmi Dental Ltd.’s upcoming IPO presents an opportunity for investors interested in the dental products sector. With a strong financial performance and a comprehensive product portfolio, the company is well-positioned for future growth. However, potential investors should consider the inherent risks and conduct thorough due diligence before making investment decisions.