Laxmi Dental IPO: 10 Things Investors Must Know (Jan 2025)

Laxmi Dental Limited, India’s only fully integrated dental products company, is set to launch its Initial Public Offering (IPO) from January 13 to January 15, 2025. With over 20 years of market presence and a diverse product portfolio, the company presents a unique investment opportunity in the growing dental care segment.
Here are the 10 key things you should know before investing in the Laxmi Dental Limited IPO:
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What makes Laxmi Dental Limited a good opportunity?
Laxmi Dental Limited is a leader in the dental industry, offering a wide range of products, including custom crowns and bridges, clear aligners, and paediatric dental products.
With six US FDA- and ISO-certified manufacturing facilities, the company serves over 22,000 dental clinics globally, exporting to 81 countries. Its innovation-driven approach and strong focus on digital dentistry have positioned it as a top player in the growing dental aesthetics and digital dentistry markets.
Key growth drivers include:
- Leadership in custom prostheses exports to the US and UK.
- First FDA-cleared aligner brand in India.
- Dominance in paediatric dental solutions with exclusive FDA-cleared products.
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What are the IPO dates, price band, and issue size?
Here are the key details of the IPO:
- IPO Dates: January 13th – 15th, 2025
- Listing Date: January 20th, 2025
- Price Band: ₹407 – ₹428 per share
- Total Issue Size: ₹698.06 Cr
- Face Value: ₹2 per share
- Listing Exchange: BSE, NSE
- Lot Size: 33 Shares
- Promoters: Rajesh Vrajlal Khakhar, Sameer Kamlesh Merchant, Dharmesh Bhupendra Dattani
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What is the minimum investment for the IPO?
The minimum investment required to apply for the Laxmi Dental Limited IPO is ₹13,431, based on the lot size of 33 shares at the lower price band of ₹407 per share. However, to increase your chances of allotment, we recommend applying at the upper price band, which would require ₹14,124 (33 shares at ₹428 per share).
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What does the company do?
Founded with a vision to lead the dental industry, Laxmi Dental Limited offers innovative solutions across the dental care spectrum:
- Products: custom-made crowns, clear aligners, thermoforming sheets, and paediatric dental products.
- Operations: Six advanced manufacturing facilities with a focus on digital dentistry.
- Clientele: Over 22,000 dental clinics globally, with a strong presence in the US and UK.
The company’s flagship products include Illusion Zirconia crowns and Illusion Aligners, India’s first FDA-cleared aligners.
- What is the objective of the IPO?
The proceeds from the IPO will be used to:
- Repay or prepay certain borrowings.
- Fund capital expenditures for purchasing new machinery.
- Invest in subsidiaries, including Bizdent Devices Private Limited, for machinery purchases.
- General corporate purposes.
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How much is reserved for retail and other investors?
The IPO allocation is as follows:
- Qualified Institutional Buyers (QIBs): Up to 75%
- Non-Institutional Investors (NIIs): At least 15%
- Retail Investors: At least 10%
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What are the key strengths and risks?
Strengths:
- India’s only integrated dental products company, capturing key industry trends.
- Largest export laboratory with advanced digital dentistry adoption.
- Strong B2B2C models drive growth.
- Robust portfolio featuring FDA-cleared products.
Risks:
- Success depends heavily on expanding its dental network and brand perception.
- Business relies on dentist recommendations and increasing wallet share from clinics.
- What is the financial performance of Laxmi Dental Limited?
The company has shown steady growth in recent years:
Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
Assets (₹ Cr) | 134.52 | 96.54 | 102.75 |
Revenue (₹ Cr) | 195.26 | 163.84 | 138.07 |
Profit After Tax (₹ Cr) | 25.23 | -4.16 | -18.68 |
- What is the allotment and listing timeline?
- Basis of Allotment: January 16, 2025
- Refund Initiation: January 17, 2025
- Shares Credited to Demat Accounts: January 17, 2025
- Listing Date: January 20, 2025
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Should you invest in Laxmi Dental Limited IPO?
Laxmi Dental Limited’s strong market presence, innovative product portfolio, and focus on digital dentistry make it a promising investment opportunity. However, investors should carefully evaluate the risks related to brand perception and reliance on dental networks before investing.
Assess your financial goals and risk appetite before making a decision.