Laxmi Dental ShareMarket Listing Today : Trading in the shares of Lakshmi Dental, an Orbimed-backed company that provides dental products from design and manufacturing to distribution, has started from today. The company’s stock was listed on BSE today at a price of Rs 528, while the IPO price was Rs 428. In this sense, the stock has made a profit of 23 percent or Rs 100 per share to the investors on listing. The IPO had received a strong response from investors, while the premium in the gray market was indicating strong listing of shares. The size of the IPO was Rs 638 crore, while it received bids worth Rs 43822.20 crore.
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Laxmi Dental IPO Subscription: Subscribed 114 times
Lakshmi Dental’s IPO received a tremendous response from investors. This IPO has been subscribed more than 114 times overall. In the IPO, 10 percent share was reserved for retail investors and it was subscribed a total of 75.1 times. Whereas for Non-Institutional Investors (NII), 15 percent share was reserved in the IPO and it was filled a total of 147.69 times. Whereas 75 percent of the share was reserved for Qualified Institutional Buyers (QIB) and it was filled a total of 110.38 times. The size of the IPO was Rs 638 crore, while it received bids worth Rs 43822.20 crore.
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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 were the book running lead managers of Lakshmi Dental IPO and MUFG Intime India Pvt Ltd was 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.
