Laxmi Dental Ltd Share Price

(LAXMIDENTL)

Laxmi Dental Limited was incorporated as Laxmi Dental Export Private Limited dated July 8 2004 issued by the Assistant Registrar of Companies Maharashtra at Mumbai. In June 2024 the Company name was changed to Laxmi Dental Private Limited and a fresh Certificate of Incorporation was issued to Company by the RoC on July 24 2024. Thereafter it has converted into a Public Company as Laxmi Dental Limited vide certified dated August 02 2024 issued by the RoC.The Company is a manufacturer of dental products including custommade crowns and bridges branded dental products such as clear aligners thermoforming sheets and aligner related products as a part of aligner solutions and paediatric dental products. It manufacture dental products across six manufacturing facilities. Primary dental products offered by the laboratory include custom made dental prosthesis such as metal free crowns and bridges including our range of branded premium zirconia crowns and bridges Illusion Zirconia porcelain fused to metal PFM crowns bridges and dentures.The Company is promoted by Rajesh Vrajlal Khakhar who founded the Company as a dental laboratory business on July 8 2004 and expanded its reach domestically and internationally. In 2011 the Company moved to a bigger manufacturing facility at Kandivali Cooperative Industrial Estate Limited in Mumbai. The foreign subsidiary Laxmi Dental Lab USA Inc was incorporated in 2012.The Company got its first ISO 13485:2016 certification to certify the quality management system of medical devices in 2015. The Illusion Dental Laboratory Division moved to Mira Road an expanded manufacturing plant in 2016. The Company established Vedia Solutions Division on February 1 2019 a product manufacturing company for producing taglus thermoforming sheets 3D printing resins thermoforming machines aligner accessories in 2019.The Company in 2021 acquired 60 stake in Jointly Controlled Entity KidsEDental LLP for engaging in business of dental services and products in the paediatric division. The Vedia Solutions Division got its first ISO 13485:2016 certification to certify the qualitymanagement system of medical devices in 2021. It launched clear aligners under the brand Illusion Aligners which is the first Indian brand to receive 510k clearance from US FDA in 2021.The Company is planning an Initial Public Issue by raising funds from public through equity aggregating to Rs 150 Crore by fresh issue and by issuing 12826847 Equity Shares through offer for sale..

Share Price: ₹542.00 per share as on 20 Jan, 2025 09:43 AM
Market Capitalisation: ₹0.00Cr as of today
Listing date: 20 Jan, 2025