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113.12x
subscribed
Laxmi Dental IPO
Medical Equipment/Supplies/Accessories
listed
113.12x
subscribed
₹13,431Min. investment
Laxmi Dental Limited IPO Details
Issue size
₹698Cr
IPO type
Mainboard
Market Cap
₹2,352.37CrHigher than sector avg
Price range
₹407 – ₹428
Listing ExchangeBSE, NSE
RevenueApr 2023 - Mar 2024
₹193.56CrHigher than sector avg
Lot size
33 shares
Red Herring Prospectus
Read
Growth rate3Y CAGR
18.93%
SectorMedical Equipment/Supplies/Accessories
Price range₹407 – ₹428
IPO type
Regular
Lot size33 shares
Issue size₹698Cr
Red Herring Prospectus
Read
Market Cap
₹2,352.37CrHigher than sector avg
RevenueApr 2023 - Mar 2024
₹193.56CrHigher than sector avg
Growth rate3Y CAGR
18.93%
Checklist
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PREVEST DENPRO LTDObjectives
Funding for purchase of new machinery
31.52%
Investment in subsidiary
18.11%
Repayment of loans
16.65%
Investment in subsidiaries
3.33%
General corporate purposes
Not assigned
About Laxmi Dental Limited
Laxmi Dental Care Ltd., founded in 2004, is a leading provider of vertically integrated B2B2C dental aligner solutions. Its offerings include custom-made crowns, bridges, branded aligners, paediatric dental products, and digital dentistry solutions. In FY24, its laboratory business contributed ₹123.96 Cr (64.75% of revenue), aligner solutions ₹53.84 Cr (28.12%), and paediatric products ₹26.67 Cr. With a network of 22,000 clinics and a strong export presence in the US and UK, the company leverages its scale and expertise to maintain a competitive edge.
Laxmi Dental IPO Subscription Status
Latest News on Laxmi Dental IPO
Laxmi Dental IPO consists of ₹138 crore worth of new equity shares and an offer for sale of 13,085,467 shares aggregating ₹560.06 crore.
2 min read
Mumbai-based dental products company Laxmi Dental will open its Rs 698-crore initial share sale for public subscription on January 13, with a price band of Rs 407-428 per share. The issue will close on January 15. The anchor book of the public issue will be launched for a day on January 10, a day prior to the offer opening for public. The IPO share allotment will be finalised by 16.
The ₹698.06-crore public offer opened for subscription on Monday, January 13. The IPO price band was fixed at ₹407 to ₹428 per share. Laxmi Dental Ltd has proposed to list its shares on the BSE and NSE on January 20.
4 min read
Shares of Laxmi Dental were listed at a premium of 26.63% on the NSE at ₹542 over the issue price of ₹428 apiece and hit all- time high of ₹584 on the same day. The stock closed the first day with an overall gain of 28% compared to the IPO price.
3 min read
Frequently asked questions
How to invest in the Laxmi Dental IPO ?
Investors can apply for the Laxmi Dental IPO through their Demat account via the stock exchange or through their broker.
What is the issue size of Laxmi Dental IPO ?
The issue size of the Laxmi Dental IPO is 698 Cr.
What is 'pre-apply' for Laxmi Dental IPO ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Laxmi Dental IPO shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.