About Laxmi Dental:
As of September 30, 2024, India’s only end-to-end integrated dental products company offers a comprehensive portfolio, including custom-made crowns and bridges, branded dental products, aligner solutions, thermoforming sheets, aligner-related items, and pediatric dental products. With over 20 years of presence, the company ranks among the top two largest Indian dental laboratories based on revenue for Fiscal 2024.
About the Industry in which Laxmi Dental operates:
In retail sales terms: (I) The Indian custom-made crowns and bridges market is projected to grow from $1.4 billion to $3.1 billion between 2023 and 2030 at a CAGR of 11.8%, surpassing the global market’s growth from $71 billion to $121.6 billion at 8.0%. (II) The Indian clear aligner market is expected to expand from $133.6 million to $569.0 million during the same period at 23.0%, compared to the global market’s growth from $20.7 billion to $54.9 billion at 15.0%. (III) The Indian pediatric dental crown market is estimated to grow from $63.9 million to $164.8 million at 14.5%, outpacing the global market’s growth from $2.1 billion to $3.5 billion at 7.5%.
| Important Information and Timelines of the IPO of Laxmi Dental: | |
|---|---|
| Open Date | 13 January 2025 |
| Close Date | 15 January 2025 |
| Total Issue Size – Number of Shares | 16309766 |
| Minimum Bid Price | 407 |
| Maximum Bid Price | 428 |
| Lot Size | 33 |
| Basis of Allotment | 16 January 2025 |
| Initiation of Refunds and Credit of Shares to Demat | 17 January 2025 |
| Listing Date | 20 January 2025 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Laxmi Dental:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 33 | 14124 |
| Retail – Maximum | 14 | 462 | 197736 |
| sHNI – Minimum | 15 | 495 | 211860 |
| sHNI – Maximum | 70 | 2310 | 988680 |
| bHNI – Minimum | 71 | 2343 | 1002804 |
Objective of the IPO of Laxmi Dental:
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Repayment or prepayment, in full or part, of certain outstanding borrowings of the company.
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Investment in subsidiaries for the repayment or prepayment of their borrowings.
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Funding capital expenditure for the acquisition of new machinery for the company.
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Investment in the subsidiary, Bizdent Devices Private Limited, for its capital expenditure on new machinery.
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General corporate purposes.
Financials of Laxmi Dental:
| Particulars | Six-Month Period Ended September 30, 2024 | Fiscal 2024 | Fiscal 2023 | Fiscal 2022 |
|---|---|---|---|---|
| Equity Share Capital | 55.63 | 3.08 | 3.08 | 3.08 |
| Net Worth | 670.85 | 445.71 | 194.82 | 229.44 |
| Revenue from Operations | 1,167.80 | 1,935.55 | 1,616.31 | 1,368.43 |
| Restated Profit/(Loss) | 227.39 | 252.29 | (41.63) | (186.79) |
| Restated Earnings/(Loss) Per Equity Share | ||||
| - Basic (face value ₹2) | 4.39* | 4.80 | (0.77) | (3.56) |
| - Diluted (face value ₹2) | 4.39* | 4.80 | (0.77) | (3.56) |
| NAV Per Equity Share (adjusted for CCPS) | 12.97 | 8.63 | 3.77 | 4.44 |
| PAT | 227.39 | 252.29 | (41.63) | (186.79) |
| Short-Term Borrowings | 189.23 | 268.85 | 201.37 | 192.53 |
| Long-Term Borrowings | 219.83 | 151.40 | 113.02 | 103.81 |
| Total Borrowings | 409.06 | 420.25 | 314.39 | 296.34 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Laxmi Dental. You will receive a UPI mandate after 10:00 AM on 13 January 2025.
###1. How to apply for the IPO of Laxmi Dental on Dhan?
You can apply for the IPO of Laxmi Dental from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Laxmi Dental be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 17 January 2025. However, you will be able to see the shares of Laxmi Dental on Dhan before the market starts on the listing date which is 20 January 2025.