Laxmi Dental Limited is a leader in dental products. The firm is all set to enter the stock market through its initial public offering (IPO). Laxmi Dental IPO is an issue of a book-built amount of ₹698.06 crores. This includes a fresh issue of 0.32 crore shares worth ₹138.00 crores and an offer for sale of 1.31 crore shares worth ₹560.06 crores.
The IPO opens for subscription on January 13, 2025, and closes on January 15, 2025. The allotment is expected to be finalized on Thursday, January 16, 2025, and refunds initiated the next day. The shares will be credited to demat accounts on January 17, 2025, and the tentative listing date on the BSE and NSE set as Monday, January 20, 2025.
The IPO price band is in the range of ₹407-₹428 per share and a minimum lot size of 33 shares, therefore a minimum investment of ₹14,124 has to be placed by retail investors.
| Detail | Information |
|---|---|
| IPO Date | January 13, 2025 to January 15, 2025 |
| Listing Date | 20th Jan |
| Face Value | ₹2 per share |
| Price Band | ₹407 to ₹428 per share |
| Lot Size | 33 Shares |
| Total Issue Size | 1,63,09,766 shares (aggregating up to ₹698.06 Cr) |
| Fresh Issue | 32,24,299 shares (aggregating up to ₹138.00 Cr) |
| Offer for Sale | 1,30,85,467 shares of ₹2 (aggregating up to ₹560.06 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 5,17,37,850 shares |
| Share Holding Post Issue | 5,49,62,149 shares |
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 33 | ₹13,464 |
| Retail Maximum | 14 | 462 | ₹1,88,496 |
| S-HNI Minimum | 15 | 495 | ₹2,01,960 |
| B-HNI Minimum | 74 | 2,442 | ₹9,96,336 |
Incorporated in July 2004, Laxmi Dental Limited is the only integrated dental products company in India. Its operations range from design to manufacturing and distribution of dental products. The main products offered include custom crowns, bridges, clear aligners, and thermoforming sheets under the brand Taglus.
Six manufacturing facilities are located in Mumbai, Boisar, and Kochi. The company exports to over 90 countries. Its total domestic network covers 22,000 clinics and dentists in over 320 cities. High standards are possible by exploiting technological advancements along with strict compliance with regulatory standards.
Laxmi Dental Limited is coming up with its IPO based on an integrated business model that supports its high level of financial performance. Given its well-established presence in domestic as well as international markets, the company stands good to be cashed at an appropriate valuation of its product with growing demand.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Poly Medicure Limited | 26.92 | 94.02 | 19.05 | 153.22 | 14,34.54 Cr. |
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2022 | ₹1,38.07 | ₹1,43.40 | ₹18.68 | ₹102.75 |
| 2023 | ₹1,63.84 | ₹1,67.76 | ₹4.16 | ₹96.54 |
| 2024 | ₹1,95.26 | ₹1,86.66 | ₹25.23 | ₹134.52 |
| Sept 2024 | ₹1,17.99 | ₹1,03.41 | ₹22.74 | ₹158.22 |
