Laxmi Dental IPO is a book-built offering with a total size of ₹698.06 crore. The issue consists of a fresh issue of 0.32 crore shares, raising ₹138.00 crore, and an offer for sale of 1.31 crore shares, amounting to ₹560.06 crore.
The Laxmi Dental IPO will be open for subscription from January 13, 2025, to January 15, 2025. The allotment process is expected to be completed by Thursday, January 16, 2025. The shares are scheduled to be listed on the BSE and NSE, with the tentative listing date set for Monday, January 20, 2025.
The price band for the Laxmi Dental IPO is ₹407 to ₹428 per share. The minimum lot size for retail investors is 33 shares, requiring an investment of ₹14,124. For sNII investors, the minimum investment is 15 lots (495 shares), totaling ₹2,11,860, while for bNII investors, the minimum investment is 71 lots (2,343 shares), amounting to ₹10,02,804.
The book-running lead managers for the IPO are Nuvama Wealth Management Limited, Motilal Oswal Investment Advisors Limited, and SBI Capital Markets Limited, with Link Intime India Private Ltd serving as the registrar for the issue.
For detailed information about the Laxmi Dental IPO RHP, please refer to the Red Herring Prospectus (RHP) of the company.
Laxmi Dental IPO Details
IPO Date | January 13, 2025 to January 15, 2025 |
Face Value | ₹2 per share |
Price Band | ₹407 to ₹428 per share |
Lot Size | 33 Shares |
Total Issue Size | 1,63,09,766 shares (aggregating up to ₹698.06 Cr) |
Fresh Issue | 32,24,299 shares (aggregating up to ₹ 138.00 Cr) |
Offer for Sale | 1,30,85,467 shares of ₹2 (aggregating up to ₹560.06 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share Holding Pre Issue | 5,17,37,850 shares |
Share Holding Post Issue | 5,49,62,149 shares |
Laxmi Dental IPO Timeline
The Laxmi Dental IPO is scheduled to open on January 13, 2025, and will close on January 15, 2025.
IPO Open Date | Monday, January 13, 2025 |
IPO Close Date | Wednesday, January 15, 2025 |
Basis of Allotment | Thursday, January 16, 2025 |
Initiation of Refunds | Friday, January 17, 2025 |
Credit of Shares to Demat | Friday, January 17, 2025 |
Listing Date | Monday, January 20, 2025 |
Laxmi Dental IPO Reservation
Investor Category | Shares Offered |
---|---|
QIB Shares Offered | Not less than 75% of the Net Issue |
Retail Shares Offered | Not more than 10% of the Offer |
NII (HNI) Shares Offered | Not more than 15% of the Offer |
Laxmi Dental IPO Lot Size
Investors can bid for a minimum of 33 shares and in multiples of 33 shares thereafter. The table below outlines the minimum and maximum investment for retail investors and High Net-Worth Individuals (HNIs) in terms of shares and amounts:
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 |
About Laxmi Dental Limited
Laxmi Dental Limited was incorporated in July 2004 and is an integrated dental products company. The company offers a wide range of dental solutions, including custom crowns and bridges, clear aligners, thermoforming sheets, pediatric dental products, and aligner-related products as part of its aligner solutions.
Product Portfolio: Laxmi Dental’s portfolio includes:
- Custom crowns and bridges
- Clear aligners
- Thermoforming sheets
- Pediatric dental products
- Biocompatible 3D printing resins
- Machines for manufacturing clear aligners (under the brand name Taglus)
The company operates a fully integrated model, managing the entire process from design and manufacturing to the distribution of dental products.
Manufacturing and Facilities: As of September 30, 2024, Laxmi Dental operates six manufacturing facilities across India:
- Three in Mira Road, Mumbai
- Two in Boisar
- One in Kochi
Additionally, the company has five supporting facilities in Mumbai, Delhi, Bengaluru, and Ahmedabad.
Dental Network and Reach: Laxmi Dental’s network includes over 22,000 clinics and dentists across more than 320 cities in India. The company has a strong presence in both domestic and international markets, exporting to over 90 countries.
As of September 30, 2024, Laxmi Dental employed 2,372 people across various departments.
Competitive Strengths:
- Unique Integration: Laxmi Dental is the only integrated dental products company in India, positioning it well to leverage industry growth.
- Market Leadership: It is the second-largest player in the domestic laboratory business and the largest export laboratory, benefiting from the increasing adoption of digital dentistry.
- Diversified Product Portfolio: The company offers a wide range of vertically integrated and branded products.
- Extensive Dental Network: The large dental network provides a competitive edge, enhancing market presence and reach.
- Advanced Technology & Compliance: The company is known for its robust technological capabilities and strict adherence to regulatory standards, ensuring high-quality products.
FAQs for Laxmi Dental IPO
What is the Laxmi Dental IPO?
Laxmi Dental IPO is a book-built public offering by Laxmi Dental Limited, offering a combination of fresh issue of shares and an offer for sale. The total issue size is ₹698.06 crore, with ₹138.00 crore from a fresh issue and ₹560.06 crore from an offer for sale.
When does the Laxmi Dental IPO open and close?
The Laxmi Dental IPO will open for subscription on January 13, 2025, and close on January 15, 2025.
What is the price band for the Laxmi Dental IPO?
The price band for the Laxmi Dental IPO is set between ₹407 and ₹428 per share.
What is the minimum lot size for the Laxmi Dental IPO?
Investors can apply for a minimum of 33 shares in the Laxmi Dental IPO, with subsequent bids in multiples of 33 shares.
How much do retail investors need to invest in the Laxmi Dental IPO?
Retail investors need to invest a minimum of ₹14,124 for 33 shares in the Laxmi Dental IPO.
When will the Laxmi Dental IPO allotment be finalized?
The allotment of the Laxmi Dental IPO is expected to be finalized on January 16, 2025.
What is the tentative listing date for the Laxmi Dental IPO?
The tentative listing date for the Laxmi Dental IPO is January 20, 2025, on the BSE and NSE.
How can I apply for the Laxmi Dental IPO?
Investors can apply for the Laxmi Dental IPO through ASBA (Application Supported by Blocked Amount) using net banking, or via the apps of registered brokers and stock exchanges.
Who are the lead managers for the Laxmi Dental IPO?
The book-running lead managers for the Laxmi Dental IPO are Nuvama Wealth Management Limited, Motilal Oswal Investment Advisors Limited, and SBI Capital Markets Limited.
Who is the registrar for the Laxmi Dental IPO?
The registrar for the Laxmi Dental IPO is Link Intime India Private Ltd.