Laxmi Dental IPO GMP Today, Laxmi Dental IPO Grey Market Premium Updates |Laxmi Dental IPO, Latest target, Opening gain
Laxmi Dental IPO began on – Jan 013, 2025. It will close on – Jan 15, 2025. The Total IPO Size is ₹698.06 Crore Approx. The company set its IPO price is ₹407 to ₹428 per share Per Share. There are three basic categories in Laxmi Dental IPO Subscription:- 1) Qualified Institutional Buyers. 2) Non-Institutional Investors. 3) Retail.
Incorporated in July 2004, Laxmi Dental Limited is an integrated dental products company. The company offers custom crowns and bridges, branded dental items like clear aligners and thermoforming sheets, aligner-related products as part of its aligner solutions, and pediatric dental products.
The company offers thermoforming sheets, biocompatible 3D printing resins, and machines for manufacturing clear aligners under the brand name Taglus.
The company operate a fully integrated model, meaning they handle the entire process from design and manufacturing to distribution of dental products.
As of September 30, 2024, the company’s dental network includes over 22,000 clinics and dentists across more than 320 cities nationwide.
As of September 30, 2024, the company had 2,372 employees in various departments.
Competitive 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 provide a competitive advantage in the market;
- Robust technologically advanced capabilities with stringent regulatory compliance ensuring high quality standards.
Their product portfolio includes custom crowns and bridges, clear aligners, thermoforming sheets, pediatric dental products, and more.
As of September 30, 2024, the company has six manufacturing facilities: three in Mira Road, Mumbai, two in Boisar, and one in Kochi, along with five supporting facilities in Mumbai, Delhi, Bengaluru, and Ahmedabad.
Laxmi Dental IPO Details:
| Issuer | Laxmi Dental IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: – Jan 13, 2025 | |
| Issue Closes: – Jan 15, 2025 | ||
| Price Brand | ₹407 to ₹428 per share | |
| Issue Size | ₹698.06 Cr | |
| Face Value | ₹2 per share | |
| Market Lot | 33 Shares | |
| Retail (Max) | ₹1,97,736 | |
| QIB | 75% | |
| HNI | 15% | |
| Retail Individual Bidders | 10% | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares | Shares 1,63,09,766 | |
Laxmi Dental IPO GMP Rates day by day
Laxmi Dental IPO Market Lot:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 33 | ₹14,124 |
| Retail (Max) | 14 | 462 | ₹1,97,736 |
| S-HNI (Min) | 15 | 495 | ₹2,11,860 |
| S-HNI (Max) | 70 | 2,310 | ₹9,88,680 |
| B-HNI (Min) | 71 | 2,343 | ₹10,02,804 |
Laxmi Dental IPO Date, Allotment & Listing:
| Laxmi Dental IPO Opening Date: | January 13, 2025 |
| Laxmi Dental IPO Closing Date: | January 15, 2025 |
| Basis of Allotment: | January 16, 2025 |
| Initiation of Refunds: | January 17, 2025 |
| Credit to Demat Account: | January 17, 2025 |
| Listing Date: | January 20, 2025 |
Laxmi Dental Limited Financial Information (Restated)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 158.22 | 134.52 | 96.54 | 102.75 | ||||||||||||||||||||||||||||||||||||
| Revenue | 117.9 | 195.26 | 163.84 | 138.07 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 22.74 | 25.23 | -4.16 | -18.68 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 67.09 | 44.57 | 19.48 | 22.94 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 40.91 | 42.03 | 31.44 | 29.63 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
The market capitalization of Laxmi Dental IPO is Rs 2352.38 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 78.78% |
| ROCE | 19.97% |
| Debt/Equity | 0.94 |
| RoNW | 78.78% |
| PAT Margin | 13.03 |
| Price to Book Value | 49.59 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.88 | 8.27 |
| P/E (x) | 87.77 | 51.73 |
Objects of the Issue (Laxmi Dental IPO Objectives)
Objects of the Fresh Issue Our Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company.
- Investment in certain Subsidiaries for the repayment/prepayment, in full or in part, of certain outstanding borrowings.
- Funding the capital expenditure requirements for purchasing new machinery for the Company.
- Investment in our subsidiary, Bizdent Devices Private Limited, is needed for the capital expenditure requirements for the purchase of new machinery.
- General corporate purposes.
Laxmi Dental IPO ALLOTMENT STATUS
How to Apply for Laxmi Dental IPO?
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How to Apply Laxmi Dental IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Laxmi Dental”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply Laxmi Dental IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Laxmi Dental”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
PARENT COMPANY FOR SHAREHOLDER QUOTA
IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
What is Laxmi Dental IPO?
Laxmi Dental IPO is a main-board initial public offering of 1,63,09,766 Equity shares of the face value of ₹2 aggregating up to ₹698.06 Crores. The issue price of the IPO is ₹407 to ₹428 Per Equity Share. The minimum order quantity is 33 Shares per application and the offer type is Book Built Issue. The IPO opens on –Jan 13, 2025 and closes on –Jan 15, 2025. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Laxmi Dental IPO opens on –Jan 13, 2025 and closes on –Jan 15, 2025.
How to apply for Laxmi Dental IPO?
You can apply in Laxmi Dental IPO online using either UPI or ASBA as payment method. Nuvama Wealth Management Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited are the book running lead managers of the Laxmi Dental IPO, while Link Intime India Private Ltd is the registrar for the issue.
When Laxmi Dental IPO allotment?
The finalization of Basis of Allotment for Laxmi Dental IPO will be done on –Jan 16, 2025, and the allotted shares will be credited to your demat account by –Jan 17, 2025.
Check the Laxmi Dental IPO allotment status.
When is Laxmi Dental IPO listing date?
The Laxmi Dental IPO listing date is not yet announced. The tentative date of Laxmi Dental IPO listing is – Jan 20, 2025.
What is the lot size of Laxmi Dental IPO?
Laxmi Dental lot size is 33 Shares and the minimum order quantity is 1 Share.