Laxmi Dental IPO (Laxmi Dental Limited IPO)
Laxmi Dental IPO open for bidding on 13th January 2024 and ends on 15th January 2024.
Laxmi Dental Limited is a leading player in the global dental products and services market, headquartered in Mumbai, India. Established in 2004, the company specializes in high-quality dental solutions through its wide range of innovative products and services. The company operates through a robust network, including state-of-the-art manufacturing facilities and international subsidiaries in the USA.
With a focus on technological advancements, Laxmi Dental Limited offers cutting-edge dental prosthetics, implant systems, and aesthetic solutions, catering to diverse client needs globally. Its premium products are designed to ensure precision, reliability, and long-term durability.
As a company committed to sustainability and innovation, Laxmi Dental Limited collaborates closely with industry leaders and leverages advanced technologies like CAD/CAM systems to enhance product quality and service efficiency.
For more details refer to Laxmi Dental IPO RHP and Laxmi Dental IPO Pulse Score
Laxmi Dental IPO Details
| IPO Date | 13th January 2024 to 15th January 2024 |
| Listing Date | [•] |
| 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 |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 73,39,395(45%) |
| QIB | 48,92,931(30%) |
| NII | 24,46,464(15%) |
| bNII | 16,30,976(10%) |
| sNII | 8,15,488(5%) |
| Retail | 16,30,976(10%) |
| Total | 1,63,09,766(100%) |
Laxmi Dental IPO Timeline
| IPO Open | 13th January 2025 |
| IPO Close | 15th January 2025 |
| Basis Of Allotment | 16th January 2025 |
| Initiation of Refunds | 17th January 2025 |
| Credit of Shares to Demat | 17th January 2025 |
| Listing Date | 20th January 2025 |
Fundamentals
Data as of 30th September 2024
| Market Cap | ₹2,352.38 Cr | P/E Ratio- Pre IPO | 87.77 |
| RoNW* | 40.73% | P/E Ratio- Post IPO | 51.73 |
| RoCE* | 24.64% | P/B Ratio | |
| Debt to Equity | 0.61 | PAT Margin | 19.47% |
Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earnings of March 2024. P/E Ratio- Post IPO is calculated based on post-issue shareholding and annualized FY earnings for September 2024. RoCE and RoNW are for six-month period ended September 30, 2024
Laxmi Dental IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
- Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company.
- Investment in certain Subsidiaries for the repayment/prepayment, in full or in part, of certain outstanding borrowings.
- Funding the capital expenditure requirements for purchase of new machinery for the Company.
- Investment in the Subsidiary, Bizdent Devices Private Limited, for the capital expenditure requirements for the purchase of new machinery.
- General corporate purposes.
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