Laxmi Dental
CLOSEDIPO Date: 13 Jan - 15 Jan 2025
Listing Date: 20 Jan 2025
Price Range
₹407 to ₹428 per share
Issue Size
698 Cr
Min Investment
₹13,431
Lot Size
33 Shares
Schedule of Laxmi Dental
Issue open date
13 Jan 2025
Issue close date
15 Jan 2025
UPI mandate deadline
15 Jan 2025 (5 PM)
Allotment finalization
16 Jan 2025
Share credit
17 Jan 2025
Listing date
20 Jan 2025
Mandate end date
30 Jan 2025
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 698 Cr |
| Fresh Issue | 138 Cr |
| Offer for Sale | 560 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 16 Jan 2025 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 20 Jan 2025 | ₹428 | ₹141 | ₹569 (33%) |
| 18 Jan 2025 | ₹428 | ₹137 | ₹565 (32%) |
| 17 Jan 2025 | ₹428 | ₹116 | ₹544 (27%) |
| 16 Jan 2025 | ₹428 | ₹120 | ₹548 (28%) |
| 15 Jan 2025 | ₹428 | ₹124 | ₹552 (29%) |
| 14 Jan 2025 | ₹428 | ₹141 | ₹569 (33%) |
| 13 Jan 2025 | ₹428 | ₹141 | ₹569 (33%) |
| 12 Jan 2025 | ₹428 | ₹158 | ₹586 (37%) |
Performance Laxmi Dental
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹407 to ₹428 per share | ₹ 544 (26.64%) | ₹ 434 | 1.40% |
About Laxmi Dental
Laxmi Dental Limited, incorporated in July 2004, is an integrated dental products company with over 20 years of experience. Its offerings include custom-made crowns and bridges, branded dental products such as clear aligners, thermoforming sheets, aligner-related products, and pediatric dental items. According to the F&S Report for Fiscal 2024, it ranks among the top two largest Indian dental laboratories by revenue. The company is one of the few in India manufacturing and supplying thermoforming sheets, thermoforming machines, dental consumables, and biocompatible resins for 3D printing. These products are marketed under the ‘Taglus’ brand and are specifically designed for the production of clear aligners.
| Founded in | 2004 |
| Managing director | Mr. Sameer Kamlesh Merchant |
| Parent organization | Laxmi Dental Ltd |
Financial Overview
Strengths
- India’s only integrated dental products company leveraging industry growth.
- Second-largest domestic lab and leading exporter with a digital focus.
- A vertically integrated portfolio of diverse branded dental products.
- An extensive dental network offers a significant market advantage.
- Advanced technology and strict compliance ensure high-quality standards.
Risks
- Consolidated past losses, negative EPS, and asset write-offs.
- Success depends on dental network expansion and clinic share growth.
- Geographic business concentration increases vulnerability to regional losses.
- Mumbai manufacturing disruptions could impact operations and finances.
- Import/export reliance and overseas challenges risk business growth.
- Poor growth management or strategy execution may affect performance.
- Legal proceedings involving leadership could harm operations and finances.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 110 |
| Non-Institutional Investors (NIIs) | 147 |
| Retail Individual Investors (RIIs) | 75 |
| Employee | N/A |
| Total | 114.14 |