January 15, 2025
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Laxmi Dental IPO GMP, Review, Subscription Status, allotment & listing details @ Chanakyanipothi.com
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Table of Contents
- GMP
- Reviews
- Subscription
- Allotment
Latest updates of Laxmi Dental IPO Listing
The company will enter the market on 13 January 2025.
What is the last GMP of Laxmi Dental IPO?
For latest GMP, Click
Laxmi Dental IPO Subscriptions (Day 2)Price Rs. 428 Lot 33 shares, Net Rs. 698.06 Crore |
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 0.84 | 39.38 | 33.47 | 37.41 | 29.47 | 16.02 |
| Applications: 13,34,923 / (?x) Amount wise Bids recd. Rs. ? Crore |
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Who are the promoters of Laxmi Dental IPO?
Rajesh Vrajlal Khakhar, Sameer Kamlesh Merchant and Dharmesh Bhupendra Dattani are the promoters of the company.
What are the Objects of Laxmi Dental IPO?
The Company proposes to utilise the Net Proceeds towards funding the following objects:
- Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company.
2. Investment in certain Subsidiaries for the repayment/prepayment, in full or in part, of certain outstanding borrowings.
3. Funding the capital expenditure requirements for purchasing new machinery for the Company.
4. Investment in our subsidiary, Bizdent Devices Private Limited, is needed for the capital expenditure requirements for the purchase of new machinery.
5. General corporate purposes.
What is the business of Laxmi Dental?
Laxmi Dental Limited, established in July 2004, is an integrated provider of dental products. The company offers a wide range of products, including custom crowns and bridges, clear aligners, thermoforming sheets, pediatric dental items, and aligner-related solutions.
Under the brand name Taglus, Laxmi Dental also provides thermoforming sheets, biocompatible 3D printing resins, and machinery for manufacturing clear aligners.
Operating on a fully integrated model, Laxmi Dental manages the entire process from product design and manufacturing to distribution.
As of September 30, 2024, the company operates six manufacturing facilities: three in Mira Road (Mumbai), two in Boisar, and one in Kochi, along with five supporting facilities in Mumbai, Delhi, Bengaluru, and Ahmedabad.
The company’s dental network spans over 22,000 clinics and dentists across more than 320 cities in India. Additionally, Laxmi Dental has a strong international presence, exporting to over 90 countries.
As of September 30, 2024, the company employed 2,372 individuals across various departments.
For more information, click : https://www.laxmidentallimited.com/
Laxmi Dental IPO GMP, Particulars & Guidance
| Laxmi Dental IPO Details | |
| IPO opens on | 13 January 2025 |
| IPO closes on | 15 January 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 16309766 Shares / Rs 698.06 Crore |
| * Fresh Issue | 3224299 Shares / Rs 138.00 Crore |
| * Offer for Sale | 13085467 Shares / Rs 560.06 Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs.407-428 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 33 Shares |
| Listing will at | BSE, NSE |
| Shares offered in Laxmi Dental? | Shares | Rs. in Crore |
| QIB (75 %) | 12232324 | 523.55 |
| NII (15 %) | 2446465 | 104.71 |
| RII (10 %) | 1630977 | 69.80 |
| Employees | – | – |
| Total Shares | 16309766 | 698.06 |
| Retail portion will be oversubscribed by | 49424 Forms. | |
| How to apply in Laxmi Dental IPO? | Amount Rs. |
|
| Min Retail Application | 33 Shares | 14124 |
| Max Retail Application | 462 Shares | 197736 |
| Small HNI (Min) application | 495 Shares | 211860 |
| Small HNI (Max) application | 2310 Shares | 988680 |
| Big HNI Application | 2343 Shares | 1002804 |
| What is the timetable of Laxmi Dental IPO? | |
| IPO opens on | 13 January 2025 |
| IPO Closes on | 15 January 2025 |
| IPO Allotment on | 16 January 2025 |
| Unblocking of ASBA | 17 January 2025 |
| Credit of Shares | 17 January 2025 |
| Listing on | 20 January 2025 |
| Registered Office of Laxmi Dental | |
| Laxmi Dental Limited Office No. 103, Akruti Arcade, J. P. Road, Opposite A.H. Wadia High School Andheri (West), Mumbai, 400058 |
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| Who are the Lead Managers of Laxmi Dental IPO? Nuvama Wealth Management Ltd Motilal Oswal Investment Advisors Ltd SBI Capital Markets Ltd |
|
| Registrar to IPO | |
| Link Intime India Pvt ltd |
| Laxmi Dental IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2021-22 | 138.07 | -18.68 | ||
| 2022-23 | 163.84 | -4.16 | ||
| 2023-24 | 195.26 | 25.23 | 4.88 | 78.78 |
| Book Value of the Share on 31.03.2024 |
Rs. | |||
| BV after the IPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | 428 | ||
| Laxmi Dental IPO Ratio Analysis |
|
| Price /EPS | 87.77 |
| Price/BV | 49.59 |
| Debt/ Equity | 0.94 |
How Laxmi Dental IPO compares with the Peers?
| As on date of RHP | FV | Price/ | PE |
| Rs. | Book Value | Ratio of | |
| Laxmi Dental | 2 | 49.59 | 87.77 |
| Poly medicure | 2 | 16.53 | 94.02 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Laxmi Dental IPO Review * by Paresh Gordhandas, CA & Research Analyst.
Laxmi Dental Limited, established in July 2004, is an integrated provider of dental products. The company offers a wide range of products, including custom crowns and bridges, clear aligners, thermoforming sheets, pediatric dental items, and aligner-related solutions.
Under the brand name Taglus, Laxmi Dental also provides thermoforming sheets, biocompatible 3D printing resins, and machinery for manufacturing clear aligners.
Operating on a fully integrated model, Laxmi Dental manages the entire process from product design and manufacturing to distribution.
As of September 30, 2024, the company operates six manufacturing facilities: three in Mira Road (Mumbai), two in Boisar, and one in Kochi, along with five supporting facilities in Mumbai, Delhi, Bengaluru, and Ahmedabad.
The company’s dental network spans over 22,000 clinics and dentists across more than 320 cities in India. Additionally, Laxmi Dental has a strong international presence, exporting to over 90 countries.
As of September 30, 2024, the company employed 2,372 individuals across various departments.
Recently the company has tied up with US based company which operates more than 1650 dental clinics across the USA. This tie-up can bring huge business for the company in the coming years.
During last 3 years, the company has shown strong growth in its topline. In the years, 2021-22 & 2022-23, it incurred net losses mainly due to depreciation-costs and in the year 2023-24, it has turned corner and earned positive returns and EPS of Rs. 5.11. In the first 6 months of the current year, the company has earned EPS of Rs. 5.11 which suggests impressive results for the full year. The shares are expected to bring in good listing gains as well as long term returns. Apply.
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Laxmi Dental IPO GMP
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Laxmi Dental IPO GMP today, Details, review, Subscription Status, allotment
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