Laxmi Dental Ltd

Laxmi Dental Ltd IPO

IPO Price Range: ₹407 - 428

Being Indias only end-to-end integrated dental products company as at September 30, 2024, our comprehensive portfolio includes custom-made crowns and bridges, branded dental products such as aligner solutions including clear aligners, thermoforming sheets, aligner-related products, and paediatric dental products. Our presence spans 20+ years, and per the F&S Report, based on revenue for Fiscal 2024, we are amongst the top two largest Indian dental laboratories.

Min Investment

₹14,124

IPO Size

₹698 Cr

IPO Status

Live

Quantity in 1 Lot

33

Max Bid allowed

14

Listing Exchange

NSE

IPO Application Timeline of Laxmi Dental Ltd

Open Date13 Jan 2025
Close Date15 Jan 2025
Allotment Date16 Jan 2025
Listing Date20 Jan 2025

Key Statistics

Bid Opening DateBid Opening Date13 Jan 2025
Bid Closing DateBid Closing Date15 Jan 2025
Allotment DateAllotment Date16 Jan 2025
Issue SizeIssue Size₹698.06Cr
Quantity in 1 lotQuantity in 1 lot33

Strengths and Risks

Strengths

Strengths

  • The only integrated dental products company in India, well-positioned to capture industry tailwinds.

  • Second largest player in domestic laboratory business and largest export laboratory with increasing adoption of digital dentistry.

  • Vertically integrated diverse branded product portfolio.

  • Large Dental Network providing us with competitive advantage in the market.

  • Robust technologically advanced capabilities with stringent regulatory compliance ensuring high quality standards.

  • Experienced management team with significant industry experience.


Risks

Risks

  • The Company has reported consolidated loss after tax, negative earning per share for Fiscals 2023 and 2022, and written off Assets in last three Fiscals and its cannot assure that the company will not experience such events in the future.

  • Its Statutory Auditors have included an emphasis of matter in their auditors report on its auditedfinancial statements as at and for the Financial Year ended 2024 and 2023.

  • Its business success depends on expanding the company Dental Network, recommendations by its Dental Network and increasing the wallet share per dental clinic, dental company and dentist. Failures to achieve this in a cost-effective manner could have an adverse effect on its business, results of operations and financial condition.

  • The companys business is concentrated in certain jurisdictions, globally and domestically, and any loss of business in such regions could have an adverse effect on its business, results of operations and financial condition.

  • There are outstanding legal proceedings involving the Company, Subsidiaries, Promoters, and Directors which could have an adverse effect on its business, financial condition and results of operations.

  • The companys business depends heavily on its reputation and perception of the company brands. Any negative publicity or other harm to its brand or failures to maintain and enhance the company brand recognition and maintain such quality standards may materially and adversely affect its reputation, business, results of operations and financial condition.

  • All its major manufacturing facilities are situated in and around Mumbai and any disruptions in the region could have a material and adverse effect on its business, financial condition and results of operations.

  • Import and Exports are material to its business operation. Further, a failures to manage the company business in overseas markets or its inability to grow the company business in new geographic markets may affect its growth, which could have a material adverse effect on its business, operations, prospects or financial condition.

  • Its inability to effectively manage the company growth or to successfully implement its business plan and growth and expansion strategy could have an adverse effect on the company business, results of operations and financial condition.

  • There is an outstanding legal proceeding involving its Promoter, Chairperson and Whole-time Director.Any adverse decision in such proceeding could have an adverse effect on its business, financial condition and results of operations.

Promoters Holding

Investors Holdings %
Rajesh Vrajlal Khakhar18.34%
Sameer Kamlesh Merchant17.59%
Dharmesh Bhupendra Dattani0.26%
Jigna Rajesh Khakhar8.79%
Hasmukh Vrajlal Khakhar0.31%

About Laxmi Dental Ltd

OrganisationLaxmi Dental Ltd
HeadquartersMumbai
IndustryHealthcare

Frequently Asked Questions

  • What is the size of the Laxmi Dental Ltd IPO?

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

  • What is 'pre-apply' for Laxmi Dental Ltd IPO?

    'Pre-apply' for Laxmi Dental Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Laxmi Dental Ltd IPO order be placed?

    Your Laxmi Dental Ltd IPO order will be placed on 13 Jan 2025.

  • What are the open and close dates of the Laxmi Dental Ltd IPO?

    The open and close dates of the Laxmi Dental Ltd IPO are 13 Jan 2025 to 15 Jan 2025.

  • What is the lot size and minimum order quantity of the Laxmi Dental Ltd IPO?

    The lot size and minimum order quantity of the Laxmi Dental Ltd IPO are 33 and 33 respectively.

  • What would be the listing gains on the Laxmi Dental Ltd IPO?

    The potential listing gains on the Laxmi Dental Ltd IPO will depend on various market factors and cannot be predicted with certainty.