Laxmi Dental Limited, established in 1989, has evolved into a leading dental laboratory in India, offering a comprehensive range of dental products and services. The company is set to launch its Initial Public Offering (IPO) on January 13, 2025, aiming to raise approximately ₹698.06 crore.
Company Overview
Headquartered in Mumbai, Maharashtra, Laxmi Dental operates six manufacturing facilities spanning over 147,000 square feet. The company provides a diverse array of dental products, including:
- Custom-designed crowns and bridges
- Clear aligners
- Thermoforming sheets
- Pediatric dental products
These offerings cater to dental professionals across more than 90 countries, underscoring Laxmi Dental’s significant global footprint.
IPO Details
The Laxmi Dental IPO is structured as follows:
- Issue Size: ₹698.06 crore
- Fresh Issue: ₹138 crore
- Offer for Sale: ₹560.06 crore
- Price Band: ₹407 to ₹428 per equity share (face value of ₹2)
- Subscription Period: January 13 to January 15, 2025
- Anchor Investor Allocation: January 10, 2025
- Listing Date: January 20, 2025, on BSE and NSE
The IPO is divided into:
- 75% for Qualified Institutional Buyers (QIBs)
- 15% for Non-Institutional Investors (NIIs)
- 10% for Retail Investors
Financial Performance
For the fiscal year ending March 2024, Laxmi Dental reported:
- Revenue: ₹500 crore
- Net Profit: ₹50 crore
The company’s Price-to-Earnings (P/E) ratio at the upper end of the price band is approximately 79.65, which is below the industry average of 94.02.
Investment Considerations
Laxmi Dental’s extensive product portfolio and global presence position it as a significant player in the dental industry. The IPO proceeds are intended to:
- Enhance manufacturing capabilities
- Expand research and development efforts
- Reduce existing debt
These strategic initiatives aim to bolster the company’s growth trajectory and market competitiveness.
Conclusion
Laxmi Dental Limited’s upcoming IPO presents a promising opportunity for investors interested in the dental sector. The company’s robust financial performance, coupled with its strategic growth plans, underscores its potential for sustained success. Prospective investors should conduct thorough due diligence and consider their investment objectives before participating in the IPO.
