Laxmi Dental Limited
Jan 13, 2025 - Jan 15, 2025
Laxmi Dental Limited IPO Details
Status
listed
Issue Price
₹407.00 - ₹428.00
Lot Size
33 Shares
Subscription
114.14 times
Listing Price
₹542.00 (26.64%)
Face Value
₹2 Per share
Issue Size
Approx ₹698.06 Cr
Fresh Issue
Approx ₹138 Cr
Total Shares Offered
Approx ₹560.06 Cr
Retail Quota
10%
QIB Quota
75%
HNI Quota
15%
Retail Approx
-
S-HNI Approx
-
B-HNI Approx
-
Issue Type
Book Built Issue IPO
Listing On
BSE, NSE
Registrar
Link Intime India Private Ltd
NSE Code
LAXMIDENTL
BSE Code
544339
IPO Tentative Timetable
Valuation
Earning Per Share (EPS)
₹5.11
Price/Earning P/E Ratio
N/A
Return on Net Worth (RoNW)
78.78%
Net Asset Value (NAV)
₹8.63
Promoters
Pre issue Share Holding
46.56%
Post issue Share Holding
-
Company Promoters
- Rajesh Vrajlal Khakhar
- Sameer Kamlesh Merchant
- Dharmesh Bhupendra Dattani
Lead Managers
Nuvama Wealth Management Limited
Motilal Oswal Investment Advisors Limited
SBI Capital Markets Limited
Live Subscription
| Date | QIB | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| Jan 13, 2025 | 0.13 | 10.89 | 10.58 | 11.52 | 12.61 | 5.33 |
| Jan 14, 2025 | 0.84 | 37.44 | 39.38 | 33.57 | 29.65 | 16.06 |
| Jan 15, 2025 | 110.38 | 147.69 | 167.68 | 107.7 | 75.1 | 114.14 |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 33 | ₹14,124 |
| Retail (Max) | 14 | 462 | ₹1,97,736 |
| S-HNI (Min) | 15 | 495 | ₹2,11,860 |
| S-HNI (Max) | 70 | 2,310 | ₹9,88,680 |
| B-HNI (Min) | 71 | 2,343 | ₹10,02,804 |
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 73,39,395 (45%) | NA |
| QIB Shares Offered | 48,92,931 (30%) | NA |
| NII (HNI) Shares Offered | 24,46,464 (15%) | - |
| bNII > ₹10L | 16,30,976 (10%) | 3,294 |
| sNII < ₹10L | 8,15,488 (5%) | 1,647 |
| Retail Shares Offered | 16,30,976 (10%) | 49,423 |
| Total Shares Offered | 1,63,09,766 (100%) | - |
Company Financial
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 158.22 | 134.52 | 96.54 | 102.75 |
| Revenue | 117.9 | 195.26 | 163.84 | 138.07 |
| Profit After Tax | 22.74 | 25.23 | -4.16 | -18.68 |
| Net Worth | 67.09 | 44.57 | 19.48 | 22.94 |
| Total Borrowing | 40.91 | 42.03 | 31.44 | 29.63 |
About Company
The company follows a fully integrated model, managing everything from designing and manufacturing to distributing dental products. As of September 30, 2024, it operates six manufacturing units: three in Mira Road, Mumbai, two in Boisar, and one in Kochi. Additionally, it has five support facilities in Mumbai, Delhi, Bengaluru, and Ahmedabad.
The company’s dental network includes over 22,000 clinics and dentists across more than 320 cities in India. It also exports its products to over 90 countries, with a strong presence in both domestic and international markets. By September 2024, the company employed 2,372 people across various departments.
Laxmi Dental Limited stands out as India’s only integrated dental products company, positioned to benefit from the growing demand in the industry. It is the second-largest player in the domestic laboratory business and the leading exporter in this segment. Its diverse product portfolio, large dental network, and advanced technological capabilities ensure high-quality standards and a strong market presence.
Company Contact
office no. 103, akruti arcade,j. p. road, opposite a.h. wadia high schoolandheri (west), mumbai, 400058
Phone: +91 226143799
Email: co.sec@laxmidentallimited.com
Website: https://www.laxmidentallimited.com/
Registrar Contact
Phone: +91-22-4918 6270
Email: laxmidental.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html