Laxmi Dental IPO Set to Open: The IPO of Laxmi Dental, an Orbimed-backed company that provides dental products from design and manufacturing to distribution, will open next week on January 13. You can invest in this till January 15. The size of the IPO is Rs 698 crore, while the company has fixed the price band for it at Rs 407-428 per share. Share allotment in the IPO will take place on January 16, 2025, while refund and credit to the demat account will take place on January 17, 2025. The company’s shares will be listed on BSE and NSE on January 20, 2025.
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Laxmi Dental:About IPO
The size of Lakshmi Dental’s IPO is Rs 698 crore. The company has reduced the size of sale of new shares in the IPO from Rs 150 crore to Rs 138 crore and increased the size of the offer for sale (OFS) from 1.28 crore equity shares to about 1.31 crore shares. In the IPO, 10 percent of the issue has been reserved for retail investors. At the same time, 75 percent is reserved for QIB category, while 15 percent is reserved for NII.
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Minimum and maximum investment in IPO
The lot size in the IPO is 33 shares. Retail investors can bid for a minimum of one lot i.e. 33 shares. If you apply for 1 lot as per the upper price band of IPO 428, then you will have to invest a minimum of Rs 14,124. Retail investors can apply for a maximum of 14 lots i.e. 462 shares. For this, investors will have to invest Rs 1,97,736.
Laxmi Dental IPO: Where will the funds be used?
According to the document filed with SEBI, the funds raised from the fresh issue will be used to repay loans, fund capital expenditure requirements, invest in its subsidiary Bizdent Devices Pvt Ltd and for general corporate purposes. Nuvama Wealth Management, Motilal Oswal Investment Advisors, SBI Capital Markets are the book running lead managers of Lakshmi Dental IPO and MUFG Intime India Pvt Ltd is its registrar.
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Laxmi Dental:what does the company do
Lakshmi Dental is an integrated dental products company, which was started in July 2004. The company provides everything from design and manufacturing to distribution of dental products. The company manufactures products such as custom crowns and bridges, clear aligners, thermoforming sheets and pediatric dental.
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How are the company’s financials?
Talking about the financials of the company, the revenue and expenditure of the company in the financial year 2023 were Rs 163.84 crore and Rs 167.76 crore. The company suffered a loss of Rs 4.16 crore during this period. While the company’s revenue and expenditure in the financial year 2024 were Rs 195.26 crore and Rs 186.66 crore, during this period the company has made a profit of Rs 25.23 crore. In the financial year 2025, till the end of September i.e. in 6 months, the company’s profit has been Rs 22.74 crore. During this period, revenue and expenditure were Rs 117.99 crore and Rs 103.41 crore.
