Laxmi Dental Ltd. IPO

Min Investment
₹ 14,124 / 33 shares
Price Range
₹407 - ₹ 428
Bidding Dates
13 Jan '25 - 15 Jan '25
Total Issue Value
698.06 Cr
Lot Size
33
Total Issue Size
698.06 Cr
Listing At
BSE, NSE
Subscription
114.66 times
BSE Price
273.75 (-36.04%)
NSE Price
272.45 (-36.34%)

IPO Timeline

  • 13 Jan 2025
    Bidding Starts
  • 15 Jan 2025
    Bidding Ends
  • 16 Jan 2025
    Allotment Finalization
  • 20 Jan 2025
    Listing

About Laxmi Dental Ltd.

Being India’s only end-to-end integrated dental products company as at September 30, 2024, (Source: F&S Report, replicated on page 288) our comprehensive portfolio includes custom-made crowns and bridges, branded dental products such as aligner solutions including clear aligners, ... Read more

Parent organisation
Founded
Laxmi Dental Ltd.
2004

Laxmi Dental Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 73,39,395 (45%)
Non Institutional Investors 24,46,465 (15%)
Qualified Institutional Buyers (QIBs) 48,92,930 (30%)
Retail Individual Investors (RIIs) 16,30,977 (10%)

Laxmi Dental Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2025 175.86 Cr 11.58 Cr 211.75 Cr
31 Mar 2024 144.68 Cr 13.64 Cr 51.25 Cr
31 Mar 2023 133.39 Cr 56.10 Lakh 28.15 Cr

Laxmi Dental Ltd. Background

Major Events And Milestones
  • 2004
    • Incorporation of our Company on July 8, 2004, with a focus on exports dental business;
    • Our Company received its first Export Oriented Unit certificate.
    • Our Company received the US Food and Drug Administration (“FDA”) registration for approval for products manufactured by us.
  • 2011
    • Our Company moved to a bigger manufacturing facility at Kandivali Co-operative Industrial Estate Limited Mumbai spread across 5,700 square feet.
  • 2012
    • Our Company incorporated its foreign Subsidiary, Laxmi Dental Lab USA, Inc
  • 2015
    • Our Company got its first ISO 13485:2016 certification to certify the quality management system of medical devices.
  • 2016
    • Our division, Illusion Dental Laboratory, moved to an expanded manufacturing facility at Mira road, Mumbai having a built-up area of 18,325.4 square feet.
  • 2019
    • Established our division Vedia Solutions on February 1, 2019, a product manufacturing company for producing taglus thermoforming sheets, 3D printing resins, thermoforming machines & aligner accessories.
  • 2020
    • Expanded Laxmi Exports Laboratory facility to a larger scale with the vision of women empowerment in the rural area hiring tribal community females at Boisar Chillar Highway, Palghar having a built-up area of 45,950 square feet.
  • 2021
    • Incorporated our Subsidiary, Bizdent Devices Private Limited to have a focused approach towards capturing Indian aligner market share.
    • Our Company acquired 60% stake in Jointly Controlled Entity, Kids-E-Dental LLP for engaging in business of dental services and products in the paediatric division.
    • Our Company has received the US FDA 510K clearance for aligners manufactured by our brand Illusion Aligners.
    • Launched and actress as the brand ambassador for our brand Illusion Aligner.
    • Our division, Vedia Solution got its first ISO 13485:2016 certification to certify the quality management system of medical devices.
  • 2022
    • Our division, Vedia Solutions received the US FDA registration for approval for products manufactured, repackaged and relabelled by us.
  • 2023
    • Launched an actress as the brand ambassador for Illusion Zirconia, a product of our division, Illusion Dental Laboratory.
    • Our Subsidiary, Bizdent Devices Private Limited got its first ISO 13485:2016 certification to certify the quality management system of medical devices.
    • Our Subsidiary, Bizdent Devices Private Limited received its Medical Devices Manufacturing License (“MDR”) license.
    • Our Company received its MDR license.
    • Our Jointly Controlled Entity, Kids-E-Dental LLP received its MDR license.
    • Our division, Vedia Solutions received its MDR license.
    • Our Jointly Controlled Entity, Kids-E-Dental LLP successfully got registered with US FDA.
    • Our division, Vedia Solutions got its ISO 9001:2015 certification to certify the quality management system of medical devices.
    • Our division, Vedia Solutions got its ISO 45001:2018 certification to certify the quality management system of medical devices.
    • Our division, Vedia Solutions received a certificate of compliance for taglus thermoformable sheets & 3d printing resins.
    • Our Jointly Controlled Entity, Kids-E-Dental LLP, obtained the US FDA 510(k) clearance for its e-SDF product.
  • 2024
    • Our division, Illusion Dental Laboratory received its MDR license.
    • More than 200 Intraoral Scanners were deployed by our Company in Indian market to promote digital dentistry.
    • Our division, Vedia Solutions received certificate of compliance for taglus thermoforming machines.
Laxmi Dental Ltd. Object of Issues

1. Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by our Company 229.84
2. Investment in certain Subsidiaries for the repayment/prepayment, in full or in part, of certain outstanding borrowings
3. Funding the capital expenditure requirements for purchase of new machinery for our Company
4. Investment in our Subsidiary, Bizdent Devices Private Limited, for the capital expenditure requirements for the purchase of new machinery
5. General corporate purposes

Laxmi Dental Ltd. IPO Listing Details
Listing Date
20 Jan 2025
BSE Script Code
LAXMIDENT
NSE Symbol
LAXMIDENT
ISIN
INE0WO601020
Final Issue Price
₹ 428
Laxmi Dental Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price ₹ 428.00 ₹ 428.00
Open ₹ 528.00 ₹ 542.00
Low ₹ 524.80 ₹ 525.00
High ₹ 583.70 ₹ 584.00
Last Trade ₹ 550.65 ₹ 550.55
Laxmi Dental Ltd. Company Promoters

1. Rajesh Vrajlal Khakhar
2. Sameer Kamlesh Merchant
3. Dharmesh Bhupendra Dattani

Industry Overview

In terms of retail sales, (I) Indian custom-made crowns and bridges market is estimated to grow from $1.4-$3.1 billion between 2023-2030 at 11.8% compared to global market estimate from $71-$121.6 billion between 2023-2030 at 8.0%; (II) Indian clear aligner market is estimated to grow from ... Read more

Laxmi Dental Ltd. Contact Details
Address: Office No. 103, Akruti Arcade, J. P. Road, Opposite A.H. Wadia High School, Andheri (West), Mumbai Maharashtra - 400058
Phone no:8657050754
8657050754
|

FAQs

When does Laxmi Dental Ltd. IPO opens and closes?

Laxmi Dental Ltd. IPO opens from 13th January to 15th January 2025.

What is the size of Laxmi Dental Ltd. IPO?

The size of the Laxmi Dental Ltd. IPO is ₹698.06 Cr.

What is the price range of Laxmi Dental Ltd. IPO?

The price range of Laxmi Dental Ltd. IPO is at ₹407 to ₹428 per share.

What is the minimum investment and lot size required for the Laxmi Dental Ltd. IPO?

The minimum investment required is ₹14,124 and minimum lot size is 33 shares.

When is Laxmi Dental Ltd. IPO listing date?

The Laxmi Dental Ltd. IPO will be listed on 20th January 2025.

What is the objective of Laxmi Dental Ltd. IPO?

1. Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by our Company 229.84
2. Investment in certain Subsidiaries for the repayment/prepayment, in full or in part, of certain outstanding borrowings
3. Funding the capital expenditure requirements for purchase of new machinery for our Company
4. Investment in our Subsidiary, Bizdent Devices Private Limited, for the capital expenditure requirements for the purchase of new machinery
5. General corporate purposes

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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