Laxmi Dental IPO has been scheduled to open on January 13, 2025, and close on January 15, 2025.
Laxmi Dental IPO is a book built issue of Rs 698.06 crores, which is the sum of ₹138.00 Cr fresh issue and ₹560.06 Cr offer for sale.
Shares are expected to debut on the BSE and NSE on January 20, 2025.
Price Band is ₹407 to ₹428 per equity share. Investors can bid for a minimum of 33 shares, amounting to ₹14,124 at the upper price band.
About Laxmi Dental Ltd:
Laxmi Dental is a leading integrated dental products company offering a diverse range of items such as custom-293 crowns and bridges, clear aligners, thermoforming sheets, and pediatric dental products.
Positioned among the top two largest dental laboratories, Laxmi Dental operates across six manufacturing facilities spanning 147,029.63 square feet. The company is the largest exporter of custom-made dental prostheses, primarily serving the US and UK markets. From Fiscal 2022 to 2024, their dental laboratories business has reached over 22,000 dental clinics.
According to the F&S report, the Indian market for custom-made crowns is anticipated to grow from USD 1.4 billion to USD 3.1 billion by 2030, at an 11.8% CAGR. The aligner market is expected to expand from USD 133.6 million to USD 569 million, reflecting a 23% growth rate. Laxmi Dental offers aligner solutions in tier I, tier II, and tier III cities.
The pediatric segment is projected to grow from USD 63.9 million to USD 164.8 million by 2030, at a 14.5% CAGR. Laxmi Dental provides an extensive range of pediatric products. Notably, the company is the sole Indian manufacturer of US FDA-cleared SDF.
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Laxmi Dental IPO GMP
*Disclaimer: The GMP rates displayed are purely for informational purposes and reflect grey market activity reported in the news. We neither participate in grey market trading nor endorse or encourage any involvement in it.
| Date | GMP | GMP Trend | Estimated Listing Price |
| 16th Jan 2025 | 126 | – | ₹554 (29.44%) |
| 15th Jan 2025 | 126 |  |
₹554 (29.44%) |
| 14th Jan 2025 | 142 | – | ₹570 (33.18%) |
| 13th Jan 2025 | 142 | |
₹570 (33.18%) |
| 12th Jan 2025 | 160 | – | ₹588 (37.38%) |
Laxmi Dental IPO Details:
• IPO Open Date:January 13, 2025
• IPO Close Date:January 15, 2025
• Face Value:₹2 Per Equity Share
• IPO Price Band:₹407 to ₹428 Per Share
• Issue Size: ~₹698.06 Crores
• Fresh Issue: ~₹138 Crores
• Offer for Sale: ~₹560.06 Crores, 1,30,85,467 Equity Shares
• Issue Type: Built Issue
• IPO Listing on: BSE & NSE
• Retail Quota: <10%
• QIB Quota: <75%
• NII Quota: <15%
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Laxmi Dental Lot Details:
Retail Minimum is 1 lot of 33 shares at ₹14,124.
Small-HNI Minimum (2-10 Lakhs) is 15 lots of 495 shares at ₹2,11,860.
Big-HNI Minimum (10+ Lakhs) is 71 lots of 2,343 shares at ₹9,88,680.
Laxmi Dental IPO Dates:
• IPO Open Date : 13th Jan 2025
• IPO Close Date : 15th Jan 2025
• Basis of Allotment Finalisation Date : 16th Jan 2025
• Refunds Initiation : 17th Jan 2025
• Credit of Shares to Demat Account : 17th Jan 2025
• IPO Listing Date : 20th Jan 2025
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Objectives of Laxmi Dental IPO
The net proceeds from the fresh issue are earmarked for:
1. Debt Repayment.
2. Capital Expenditure, which includes, investing in advanced machinery to enhance production capabilities.
3. Subsidiary Investment in the form of allocating funds to Bizdent Devices Pvt Ltd for machinery acquisition.
4. General Corporate Purposes.
Visit to the Registrar’s IPO allotment page:
https://linkintime.co.in/Initial_Offer/public-issues.html
Market Potential of Laxmi Dental Ltd:
According to industry reports, the Indian market for custom-made crowns is projected to grow at a compound annual growth rate (CAGR) of 11.8%, reaching USD 3.1 billion by 2030. Similarly, the aligner market is expected to expand at a CAGR of 23%, reaching USD 569 million by 2030. Laxmi Dental’s comprehensive product range positions it favorably to capitalize on these burgeoning opportunities.
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Address:
Laxmi Dental Limited
Office No. 103, Akruti Arcade,
J. P. Road, Opposite A.H. Wadia High School
Andheri (West)
Mumbai,Maharashtra-400058
India
Website: https://www.laxmidentallimited.com/
Phone: +91 226143799
Email: co.sec@laxmidentallimited.com
Registrar:
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Phone: +91-22-4918 6270
Email: laxmidental.ipo@linkintime.co.in
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