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Laxmi Dental IPO
113.12xsubscribed

Laxmi Dental IPO

Medical Equipment/Supplies/Accessories
listed
₹13,431Min. investment

Laxmi Dental Limited IPO Details

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%

Laxmi Dental IPO Subscription Status

Date
QIB
NII
Retail
Total
13-Jan-25
0.13 times (X)
10.78 times (X)
12.54 times (X)
5.29 times (X)
14-Jan-25
0.84X
37.04X
29.58X
15.94X
15-Jan-25
110.38X
145.42X
72.87X
113.12X

As on 13-Jan-25, 5:30 PM

Laxmi Dental IPO Timeline

  1. Pre-apply
    10 Jan 2025
  2. Bid start
    13 Jan 2025
  3. Bid end
    15 Jan 2025
  4. Allotment
    16 Jan 2025
  5. Release of funds
    17 Jan 2025
  6. Demat transfer
    17 Jan 2025
  7. Listing
    20 Jan 2025

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.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
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Objectives of Laxmi Dental Limited IPO

Funding for purchase of new machinery
31.52%
The company needs ₹43.51 Cr for capital expenditure on new machinery.
Investment in subsidiary
18.11%
The company will invest ₹25 Cr in Bizdent Devices for new machinery capex.
Repayment of loans
16.65%
The company will use ₹22.98 Cr to repay outstanding borrowings.
Investment in subsidiaries
3.33%
The company will invest ₹4.60 Cr in subsidiaries to repay outstanding borrowings.
General corporate purposes
Not assigned
The remaining amount will be used for general corporate needs.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹193.56Cr18.93%₹25.23Cr₹2,352.37Cr89.160.94
This sector (avg.)₹130.28Cr----₹34.47Cr₹1,568.18Cr16,649.300.29
₹1,669.83Cr---₹338.56Cr₹15,415.76Cr42.720.07
₹372.94Cr---₹40.11Cr₹793.16Cr23.130.46
₹63.03Cr---₹18.16Cr₹525.13Cr26.760

*Revenue for financial year 2023-24. Lower P/E and D/E ratios are generally preferred.

Laxmi Dental IPO Contact Details

Company NameLaxmi Dental Limited

How to apply for Laxmi Dental IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Laxmi Dental Limited IPO FAQs