Laxmi Dental Limited IPO: IPO GMP, Date, Price, & Details

Laxmi Dental Limited, a leading integrated dental products manufacturer, is set to launch its upcoming IPO from January 13 to January 15, 2025. The company aims to raise approximately ₹671.89 crores through this public issue. 

The grey market response has been positive, with the current GMP indicating robust investor interest ahead of the listing scheduled for January 20, 2025, on both BSE and NSE.

Let’s take a closer look at the Laxmi Dental Limited IPO.

Laxmi Dental Limited IPO Details

IPO Date	1,64,67,819 shares (aggregating up to ₹671.89 Cr)
Listing Date	Monday, January 20, 2025
Face Value	₹2 per share
Price Band	₹407 to ₹408 per share
Lot Size	33 Shares
Total Issue Size	1,64,67,819 shares(aggregating up to ₹671.89 Cr)
Fresh Issue	1,30,85,467 shares of ₹2 (aggregating up to ₹533.89 Cr)
Offer for Sale	1,30,85,467 shares of ₹2(aggregating up to ₹533.89 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Share Holding Pre Issue	5,17,37,850 shares
Share Holding Post Issue	5,51,20,202 shares

For more details, refer to the Laxmi Dental IPO RHP. 

Laxmi Dental Limited Financials

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets (₹ cr.)	158.22	134.52	96.54	102.75
Revenue (₹ cr.)	117.9	195.26	163.84	138.07
Profit After Tax (₹ cr.)	22.74	25.23	-4.16	-18.68
Net Worth (₹ cr.)	67.09	44.57	19.48	22.94
Total Borrowing (₹ cr.)	40.91	42.03	31.44	29.63

Laxmi Dental IPO Objectives

Laxmi Dental’s Initial Public Offering (IPO) aims to raise funds for several strategic business objectives. 

The company plans to use the net proceeds from the fresh issue to strengthen its financial position by paying off or reducing existing company debt while also supporting its subsidiaries in managing their borrowings. 

The funds will additionally be directed toward expanding manufacturing capabilities through investments in new machinery, both for the parent company and its subsidiary Bizdent Devices Private Limited. 

A portion of the proceeds will also be allocated for general corporate purposes, allowing flexibility in business operations. 

Laxmi Dental IPO GMP

The current GMP for Laxmi Dental IPO stands at ₹165 as of January 9, 2025, showing an increase from the previous day’s GMP of ₹155. The IPO is priced at ₹428 per share. With the latest GMP, the estimated listing price is calculated at ₹593, suggesting a potential upside of 38.55% from the issue price. 

This represents a positive trend in the grey market, with the GMP increasing by ₹10 over the past day, indicating growing investor interest in the IPO. However, investors should note that GMP is not an official metric and should not be the sole factor in making investment decisions.

About Laxmi Dental Ltd. 

Founded in July 2004, Laxmi Dental Limited has established itself as a comprehensive dental products manufacturer in India. The company has distinguished itself through its diverse portfolio, specialising in personalised dental solutions, including crowns, bridges, and innovative clear aligners. 

The company maintains complete control over its operations through a vertically integrated business model, overseeing everything from initial design to final distribution. Their manufacturing footprint spans six facilities across multiple cities in India. Their extensive reach encompasses over 22,000 dental clinics and practitioners across more than 320 Indian cities while also maintaining a global presence in over 90 countries.

With a workforce of 2,372 employees as of September 2024, Laxmi Dental has cultivated several key competitive advantages. They stand as India’s sole integrated dental products company and hold the position of second-largest domestic laboratory operator while leading the export laboratory segment. 

Their success is built on advanced technological capabilities, strict quality control measures, and a comprehensive branded product range. The company’s extensive dental network provides a significant market advantage. Their commitment to regulatory compliance and quality standards further strengthens their market position.

Apply for the Laxmi Dental IPO here.

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