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Complete Guide to Laxmi Dental IPO 2025: Key Dates & Details

Could Laxmi Dental IPO Be the Game-Changer in 2025 for Healthcare Investors?

Complete Guide to Laxmi Dental IPO 2025: Key Dates & Details

Laxmi Dental Limited is gearing up to launch its ₹698.06 crore IPO, making waves in the healthcare sector. This much-anticipated IPO opens for public subscription on January 13, 2025, and closes on January 15, 2025. Laxmi Dental IPO price is set between ₹407 to ₹428 per share with shares expected to list on January 20, 2025 on the BSE and NSE.

This IPO stands out with a combination of a fresh issue of ₹138 crore and an offer-for-sale of ₹560.06 crore by promoters and existing shareholders.
Also read: Avax Apparels And Ornaments IPO: Everything You Need to Know

About Laxmi Dental Limited

From a Dental Lab to an Industry Leader

Incorporated in 2004, Laxmi Dental Limited has grown into India’s only fully integrated dental products company. The company offers a wide array of products, including:

  • Custom crowns and bridges
  • Clear aligners
  • Thermoforming sheets
  • Pediatric dental products

Laxmi Dental operates six manufacturing units across Mumbai, Boisar, and Kochi, with additional support facilities in Delhi, Bengaluru, and Ahmedabad. Its 22,000+ clinic network spans across 320 cities in India and over 90 export markets globally.

Also read: Capital Infra Trust InvIT IPO: A Complete Guide for 2025 Investors

Why Is Laxmi Dental Launching an IPO?

The IPO aims to support Laxmi Dental’s growth plans by:

  • Reducing outstanding debts
  • Funding new machinery for expansion
  • Strengthening subsidiary Bizdent Devices
  • Supporting general corporate initiatives

Laxmi Dental IPO Financial Performance

A closer look at Laxmi Dental’s performance over the past three years shows impressive growth:

Metric (₹ crore)FY 2022FY 2023FY 2024H1 FY25 (Sep 2024)
Revenue138.07163.84195.26117.9
Profit After Tax (PAT)-18.68-4.1625.2323
Assets102.7596.54134.52158
Net Worth22.9419.4844.5767
Borrowings29.6331.4442.0340.91

Key IPO Details

DetailValue
IPO DateJanuary 13 – January 15, 2025
Listing DateJanuary 20, 2025
Price Band₹407 – ₹428 per share
Lot Size33 shares
Minimum Investment (Retail)₹14,124
Fresh Issue₹138 crore
Offer for Sale₹560.06 crore
Total Issue Size₹698.06 crore
Face Value₹2 per share
ListingBSE, NSE
Lead ManagersSBI Capital, Motilal Oswal, Nuvama

Shareholding Pattern

CategoryPre-IssuePost-Issue
Promoters46.56%TBD
Public53.44%TBD
Total Shares5,17,37,8505,49,62,149

IPO Reservation

Investor CategoryShares Offered
QIB (Qualified)Not less than 75% of the net issue
RetailNot more than 10% of the offer
NII (HNI)Not more than 15% of the offer

Utilization of IPO Funds

The IPO proceeds will be allocated to the following objectives:

  • Debt Repayment – Significant reduction of outstanding debt.
  • Capital Expansion – Investment in advanced machinery to enhance production capacity.
  • Subsidiary Growth – Capital injection into Bizdent Devices Private Ltd.
  • Operational Improvements – Funds for general corporate purposes.

Why Consider Investing in Laxmi Dental IPO?

Advantages:

  • Industry Leader – The only integrated dental products company in India.
  • Global Reach – Presence in 90+ countries with exports and strong domestic demand.
  • Financial Turnaround – Profit growth from -₹18 crore in FY22 to ₹25 crore in FY24.
  • Expanding Market – Growing demand for clear aligners and dental solutions.

Potential Risks:

  • Debt Ratio – The company has a debt/equity ratio of 0.94.
  • Valuation Concerns – Post-IPO P/E ratio stands at 51.73x, which may reflect premium pricing.
  • Competitive Landscape – Stiff competition from domestic and international players.

Bottom Line

Laxmi Dental’s IPO offers a unique opportunity to invest in a niche yet expanding sector. The company’s financial resilience, broad product portfolio, and growth potential make it an attractive prospect.

As India’s healthcare industry evolves, will Laxmi Dental lead the charge in dental innovation?

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