Laxmi Dental IPO
Laxmi Dental IPO — date, price band, lot size & details 2025
Laxmi Dental listed on 20 Jan 2025 at ₹542, 26.6% above the ₹428 issue price.
Laxmi Dental is an integrated dental products company that makes custom crowns and bridges, clear aligners and paediatric products. Its network covered over 22,000 clinics and dentists in more than 320 cities on 30 September 2024.
Stock price
Laxmi Dental is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 November.
- Open 13 Jan 2025
- Close 15 Jan 2025
- Allotment 16 Jan 2025
- Refund/credit 17 Jan 2025
- Listing 20 Jan 2025
Issue summary
The terms of the offer, as filed.
| IPO Dates | 13 to 15 Jan, 2025 |
|---|---|
| Price Band | ₹407 – ₹428 |
| Face Value | ₹2 |
| Lot Size | 33 Shares |
| Issue Size | ₹698.06 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,124 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 33 shares at the ₹428 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 33 | ₹14,124 |
| Retail (max) | 14 | 462 | ₹1,97,736 |
| S-HNI (min) | 15 | 495 | ₹2,11,860 |
| S-HNI (max) | 70 | 2,310 | ₹9,88,680 |
| B-HNI (min) | 71 | 2,343 | ₹10,02,804 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 6
- 01Total income rose from Rs 138.07 crore in FY2022 to Rs 195.26 crore in FY2024.
- 02The company moved from a loss of Rs 18.68 crore in FY2022 to a profit of Rs 25.23 crore in FY2024.
- 03Profit after tax was Rs 22.74 crore in the six months to 30 September 2024 alone.
- 04The network covered over 22,000 clinics and dentists across more than 320 cities on 30 September 2024.
- 05Products are exported to over 90 countries, and return on capital employed was 19.97%.
- 06Rs 43.51 crore of the fresh issue was planned for new machinery.
Risks · 7
- 01Return on equity of 78.78% is high mainly because net worth was small, at Rs 44.57 crore on 31 March 2024.
- 02Rs 560.06 crore of the Rs 698.06 crore issue was offer for sale, so most of the money went to selling shareholders.
- 03The P/E was 51.73 at the upper band of Rs 428, based on post-issue EPS of Rs 8.27.
- 04The company made losses of Rs 18.68 crore in FY2022 and Rs 4.16 crore in FY2023, so its profit record is short.
- 05Total borrowing of Rs 40.91 crore on 30 September 2024 compared with net worth of Rs 67.09 crore.
- 06Debt to equity was 0.94 on the figures at the source.
- 07Promoters held only 46.56% before the issue and held 41.7% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Laxmi Dental offer document.
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 158.22 | 134.52 | 96.54 | 102.75 |
| Total Income | 117.90 | 195.26 | 163.84 | 138.07 |
| Profit After Tax | 22.74 | 25.23 | -4.16 | -18.68 |
| NET Worth | 67.09 | 44.57 | 19.48 | 22.94 |
| Total Borrowing | 40.91 | 42.03 | 31.44 | 29.63 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Laxmi Dental RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Laxmi Dental IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹4.88 | ₹8.27 |
| P/E Ratio (x) | 87.77 | 51.73 |
| Market Cap at Offer Price (₹ Cr) | ₹1,994.41 | ₹1,176.87 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹428 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹177.89 Cr of the issue is earmarked to named objects.
Laxmi Dental IPO Anchor Investors
31 anchor investors across 24 fund houses committed ₹314.09 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
Under the Taglus brand it sells thermoforming sheets, 3D printing resins and machines used to make clear aligners.
On 30 September 2024 the company had six manufacturing facilities. Three were at Mira Road in Mumbai, two at Boisar and one at Kochi. It also had five supporting facilities in Mumbai, Delhi, Bengaluru and Ahmedabad.
The company exports to over 90 countries and had 2,372 employees on 30 September 2024. The IPO was Rs 698.06 crore, of which Rs 138.00 crore was fresh issue and Rs 560.06 crore was offer for sale.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Laxmi Dental IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Nuvama Wealth Management Ltd.
23 issues handledBest listing: Sambhv Steel Tubes (+34.1%). Weakest: Ajax Engineering (-8.4%).
SBI Capital Markets Ltd.
23 issues handledBest listing: Indo-MIM (+44.3%). Weakest: Ajax Engineering (-8.4%).
Motilal Oswal Investment Advisors
40 issues handledBest listing: GNG Electronics (+49.8%). Weakest: Turtlemint Fintech Solutions (-10.4%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Laxmi Dental?
The current Grey Market Premium is ₹130, or 30% over the issue price.
What is the Laxmi Dental IPO price band?
₹407 to ₹428, on a face value of ₹2.
When is the allotment?
The basis of allotment is 16 January 2025, with listing on 20 January 2025.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
