Laxmi Dental Limited IPO: A comprehensive details
Laxmi Dental Limited, a leading integrated dental products company in India, is gearing up for its Initial Public Offering (IPO) set to open on January 13, 2025. With a fresh issue and an offer-for-sale (OFS) from existing shareholders, the IPO is expected to raise around ₹698 crore. If you’re looking to invest in this promising dental company, here’s everything you need to know.
Laxmi Dental Limited IPO: Key Details
- IPO Opening Date: January 13, 2025
- IPO Closing Date: January 15, 2025
- Price Band: ₹407 to ₹428 per equity share
- Lot Size: Minimum of 33 shares, and multiple.
- Minimum Investment: ₹14,124
- Listing Date: Expected on January 20, 2025, on both the Exchange (BSE) and (NSE)
- Fresh Issue: A fresh issue of equity shares worth ₹138 crore.
- Offer-for-Sale (OFS): Existing shareholders, including promoters and investor OrbiMed Asia II Mauritius, will sell 1.3 crore shares valued at ₹560.05 crore.
This equity offering is a significant opportunity for investors to tap into the rapidly growing dental products sector in India and internationally.
Laxmi Dental Limited IPO: Allocation details
The IPO reserves shares in the following manner:
- Qualified Institutional Buyers (QIBs): 75%
- Non-Institutional Investors (NIIs): 15%
- Retail Investors: 10%
Company Overview:
Laxmi Dental Limited is a prominent name in the dental products industry. The company manufactures a wide range of dental products, such as custom-made crowns, bridges, clear aligners, thermoforming sheets, and pediatric dental products. It operates six manufacturing plants across India and exports to more than 90 countries worldwide.
Laxmi Dental’s unique business model involves both retail and institutional sales, positioning the company as a strong player in the dental sector. Their consistent growth and strong market presence have made them a reliable name in the dental space.
Laxmi Dental Limited IPO: Objectives
The funds raised through the IPO will be utilized in the following areas:
- Debt Reduction: A portion of the funds will be used to pay off existing debts, strengthening the company’s financial position.
- Capital Expenditure: Laxmi Dental plans to invest in new equipment and facilities to expand its production capabilities.
- General Corporate Purposes: The company will also use the funds for general corporate needs, enhancing its operational flexibility.
Here’s an overview of its financial performance:
Laxmi Dental Limited’s Financial Highlights
Revenue Growth:
- ₹1,368.43 million in March 2022
- ₹1,616.31 million in March 2023, indicating a positive growth
Net Profit:
- For the fiscal year ending March 2024, net profit of ₹25.23 crore,
- ₹4.16 crore in March 2023.
Earnings Per Share (EPS)
- The EPS for the fiscal year ending March 2024 stood at ₹4.80.
Total Assets:
- As of September 30, 2024, the company’s total assets were valued at ₹158.22 crore.
Net Worth:
- The net worth as of September 30, 2024, was ₹67.09 crore.
Total Borrowings:
- The total borrowings stood at ₹40.91 crore as of September 30, 2024.
For More Details: Visit the company website and DRHP
- website: www.laxmidentallimited.com
- DRHP
Laxmi Dental Limited IPO: GMP
As of now, Laxmi Dental’s IPO is witnessing a strong Grey Market Premium (GMP) of around ₹120-₹130 per share. This indicates a positive outlook for the stock once it is listed on the exchanges. Investors are optimistic, and the GMP reflects the strong demand for the IPO in the grey market.
Laxmi Dental Limited IPO: Review
Investing in Laxmi Dental Limited IPO could be a good opportunity for investors looking to tap into the dental products industry, which is witnessing significant growth. The company’s expansion into international markets and its focus on innovation make it an attractive option for long-term growth.
The current GMP suggests healthy demand, and the IPO’s reasonable price band makes it an appealing proposition for retail investors. Additionally, Laxmi Dental’s robust financials and debt-reduction plans provide reassurance for investors.
How to Apply for the IPO
Investors can apply for the IPO through the following methods:
- ASBA (Application Supported by Blocked Amount): Available via banks offering ASBA services.
- UPI (Unified Payments Interface): Accessible through brokers providing UPI-based IPO applications.
Steps to Apply
- Log in to your trading or banking account.
- Select the IPO and enter the necessary details.
- Confirm and authorize the application.
Conclusion
Laxmi Dental Limited’s IPO offers a promising opportunity for both retail and institutional investors. With a strong brand in the dental sector, sound financials, and a clear use of IPO proceeds to further growth, Laxmi Dental is poised for long-term success. Make sure to keep track of the IPO dates, price band, and other essential details to make an informed investment decision.
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(FAQ)
Q1. What is the GMP (Grey Market Premium) for Laxmi Dental Limited IPO?
Ans. The Grey Market Premium (GMP) for Laxmi Dental Limited IPO is currently around ₹120-₹130 per share. This indicates positive market sentiment and a strong demand for the stock before it gets listed.
Q2. When is the listing date for Laxmi Dental Limited’s IPO?
Ans. The listing date for Laxmi Dental Limited IPO is expected to be on January 20, 2025, on both the (BSE) and the (NSE).
Q3. What is the price band for Laxmi Dental Limited IPO?
Ans. The price band for the Laxmi Dental Limited IPO is between ₹407 and ₹428 per equity share.
Q4. What is the minimum investment required for Laxmi Dental Limited IPO?
Ans. To participate in the Laxmi Dental Limited IPO, the minimum investment required is ₹14,124 for retail investors, which corresponds to one lot of 33 shares.