Laxmi Dental IPO Opens on January 13, 2025: Key Details to Note

Laxmi Dental IPO is set to launch its IPO on January 13, 2025. It is one of the anticipated upcoming IPOs in India. Here are the key details to note about the Laxmi Dental IPO.

Key Details of the IPO to Note

• Open and Close Dates: Laxmi Dental IPO will open for subscription on Monday, January 13, 2025, and will close on Wednesday, January 15, 2025.
• Allotment Date: The allotment for the IPO is anticipated to be on or before Thursday, January 16, 2025.
• Listing Date: The shares will be listed on the BSE and NSE, with a tentative listing date set for Monday, January 20, 2025.
• Price Band: The price band for the Laxmi Dental IPO is set between ₹407 to ₹428 per share, with a minimum application lot size of 33 shares. Retail investors need to make a minimum investment of ₹14,124.
• Offer Size: The IPO will be a book-built issue amounting to ₹698.06 crore, which includes a fresh issue of 0.32 crore shares of ₹138.00 crore and an offer for sale of 1.31 crore shares of ₹560.06 crore.
• Objects of the Issue: As per the RHP, the proceeds from the fresh issue will be used for the repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the company, for investment in certain subsidiaries for the repayment/prepayment, in full or in part, of certain outstanding borrowings, to fund the capital expenditure requirements for purchase of new machinery for the company, to investment in their subsidiary, Bizdent Devices Private Limited, for the capital expenditure requirements for the purchase of new machinery and for general corporate purposes.

Financial Performance

Strengths and Risks

Strengths:

• Only integrated dental products company in India, well-positioned to capture industry growth.
• Increasing adoption of digital dentistry and large dental networks provide a competitive advantage.
• Robust technological capabilities with stringent regulatory compliance ensuring high-quality standards.

Risks:

• The company has reported a consolidated loss after tax, negative earnings per share for fiscal years 2023 and 2022, and has written off assets in the last three fiscal years. It cannot assure that similar events will not occur in the future.
• The company’s business success relies on expanding its Dental Network, recommendations from the Dental Network, and increasing wallet share per dental clinic, company, and dentist. Failure to achieve this in a cost-effective manner could adversely affect its business, operations, and financial condition.
• The company’s business is concentrated in certain global and domestic jurisdictions, and any loss of business in these regions could negatively impact its operations, results, and financial condition.

About Laxmi Dental Limited

Laxmi Dental Ltd offers a comprehensive portfolio of dental products. Its offerings include custom-made crowns and bridges, branded dental products such as clear aligners, thermoforming sheets, aligner-related products as part of aligner solutions, and pediatric dental products. The company has maintained a presence for over 20 years.

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