
Laxmi Dental Ltd IPO
Laxmi Dental Ltd IPO Price Range is ₹407 - ₹428, with a minimum investment of ₹14,124 for 33 shares per lot.
Subscription Rate
114.419x
Minimum Investment
₹14,124
/ 33 shares
IPO Status
Price Band
₹407 - ₹428
Bidding Dates
Jan 13, 2025 - Jan 15, 2025
Issue Size
₹698.06 Cr
Lot Size
33 shares
Min Investment
₹14,124
Listing Exchange
NSE
Laxmi Dental Ltd IPO Application Timeline




IPO Subscription Status
IPO subscribed over
🚀 114.419x
This IPO has been subscribed by 76.235x in the retail category and 110.38x in the QIB category.
Subscription Rate
| Total Subscription | 114.419x |
| Retail Individual Investors | 76.235x |
| Qualified Institutional Buyers | 110.38x |
| Non Institutional Investors | 147.955x |
| Name | Laxmi Dental Ltd |
Objectives of IPO
- Repayment of borrowings: Laxmi Dental Limited plans to utilise ₹22.9 crores from the net proceeds to repay or pre-pay borrowings from various banks and financial institutions. Their total borrowing as of December 2024 stood at ₹51.55 crores.
- Repayment of subsidiary borrowings: The company further plans to allocate 4.6 crores in repayment or pre-payment of borrowings availed by their subsidiaries.
- Purchase of new machinery: Laxmi Dental intends to allocate approximately ₹43.5 crores from the net proceeds in purchase of a new machinery. This machinery will further enhance their ability to compete in the market.
- Investment in subsidiary: Around ₹25 crores is estimated to be invested in their subsidiary, Bizdent Devices Private Limited with the objective of purchasing a new machinery that will improve their efficiency and deliverables to customers.
- General corporate purposes: The company further plans to employ the net proceeds for general corporate purposes like strategic initiatives, meeting business requirements like salaries, wages, administrative expenses etc.
Financial Performance of Laxmi Dental Ltd
Strengths and Risks
Strengths
The only integrated dental products company in India, well-positioned to capture industry tailwinds.
Second largest player in domestic laboratory business and largest export laboratory with increasing adoption of digital dentistry.
Vertically integrated diverse branded product portfolio.
Large Dental Network providing us with competitive advantage in the market.
Robust technologically advanced capabilities with stringent regulatory compliance ensuring high quality standards.
Experienced management team with significant industry experience.
Risks
The Company has reported consolidated loss after tax, negative earning per share for Fiscals 2023 and 2022, and written off Assets in last three Fiscals and its cannot assure that the company will not experience such events in the future.
Its Statutory Auditors have included an emphasis of matter in their auditors report on its auditedfinancial statements as at and for the Financial Year ended 2024 and 2023.
Its business success depends on expanding the company Dental Network, recommendations by its Dental Network and increasing the wallet share per dental clinic, dental company and dentist. Failures to achieve this in a cost-effective manner could have an adverse effect on its business, results of operations and financial condition.
The companys business is concentrated in certain jurisdictions, globally and domestically, and any loss of business in such regions could have an adverse effect on its business, results of operations and financial condition.
There are outstanding legal proceedings involving the Company, Subsidiaries, Promoters, and Directors which could have an adverse effect on its business, financial condition and results of operations.
The companys business depends heavily on its reputation and perception of the company brands. Any negative publicity or other harm to its brand or failures to maintain and enhance the company brand recognition and maintain such quality standards may materially and adversely affect its reputation, business, results of operations and financial condition.
All its major manufacturing facilities are situated in and around Mumbai and any disruptions in the region could have a material and adverse effect on its business, financial condition and results of operations.
Import and Exports are material to its business operation. Further, a failures to manage the company business in overseas markets or its inability to grow the company business in new geographic markets may affect its growth, which could have a material adverse effect on its business, operations, prospects or financial condition.
Its inability to effectively manage the company growth or to successfully implement its business plan and growth and expansion strategy could have an adverse effect on the company business, results of operations and financial condition.
There is an outstanding legal proceeding involving its Promoter, Chairperson and Whole-time Director.Any adverse decision in such proceeding could have an adverse effect on its business, financial condition and results of operations.
How to Apply for Laxmi Dental Ltd IPO on INDmoney
- Download the INDmoney app and complete your KYC.
- Go to INDstocks → IPO, or just search “IPO”.
- Tap on Laxmi Dental Ltd IPO from the list of live IPOs.
- View key details like price band, lot size, and dates.
- Tap Apply Now and choose your number of lots.
- Use INDpay UPI for instant mandate tracking.
- Your funds will be blocked until the share allotment is finalized.
Listed Competitors of Laxmi Dental Ltd
Poly Medicure
Poly Medicure started in 1997. It manufactures high-quality healthcare devices in different medical categories like cardiology, respiratory care, etc.
Unlisted Competitors of Laxmi Dental Ltd
Ampa Orthodontics (Toothsi)
Ampa Orthodontics, famously known by the brand name ‘toothsi’, was launched in 2017. They provide at-home dental care services and sell clear aligners.
Clove Dental
Founded in 2011, Clove Dental is a dental hospital in India. They have a presence of over 500 clinics in 26+ cities in India. Clove implements cutting-edge technology for its treatments and has recruited over 1200 dentists.
About Laxmi Dental Ltd
Over the past 20 years, the company has expanded globally, now operating in over 90 countries with more than 2,100 employees. Laxmi Dental’s product range includes custom crowns and bridges, clear aligners, thermoforming sheets, pediatric dental solutions, and more.
The IPO will open on 13th January, aiming to raise ₹698.06 crores. Of this, ₹138 crores will come from fresh shares, while ₹560.06 crores will be raised through an Offer for Sale.
Products & Services
Taglus
A vertical of Laxmi Dental Clinic, Taglus is a global leader in the world of thermoforming. The brand manufactures aligners, retainer thermoforming sheets, thermoforming machines, 3D printing resins, etc.
Kids-e-Dental
Kids-e-Dental is their subpart in pediatric dentistry. This venture offers reliable and aesthetically pleasing dental prostheses for kids. Kids-e-Dental also has a presence in multiple countries.
Illusion Aligners
Illusion Aligners offers FDA 510K clear aligners that are built using advanced technology. This venture ensures that the dental fraternity has access to progressive orthodontic solutions.
Illusion Dental Labs
Illusion Dental Labs is a popular dental laboratory in India. They are known for their cutting-edge custom dental prostheses, Illusion Zirconia and premium crowns.
Laxmi Dental Exports
Laxmi Dental Exports is their export vertical. The dental company has been a leading exporter of dental products to dental clinics around the world since 2004.
| Product | Dental Products |
| Known For | Fast delivery, diverse restaurant options |
| Top Products | Crowns,Thermoforming Sheets,Aligners |