Laxmi Dental Limited

Company Profile
Company Name Laxmi Dental Limited
Open Date 13-01-2025
Close Date 15-01-2025
Exchange BSE, NSE
Lot Size 33 Shares
Issue Price ₹407 to ₹428 per share
Issue Size 1,63,09,766 shares
Application Amount ₹ 14,124 – ₹ 1,97,736 (33 to 462 shares)
Recommendation Avoid

Laxmi Dental Limited was originally incorporated as “Laxmi Dental Export Private Limited” on July 08, 2004. The registered office is located at Mumbai, Maharashtra. The company offers custom-made crowns and bridges, branded dental products such as clear aligners, thermoforming sheets and aligner related products as a part of aligner solutions, and paediatric dental products. The major revenue stream for the company is from sale of laboratory products. The company had 2,372 permanent employees as of Sep 30, 2024.

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Financial Summary in Cr

KPI’s FY 22 FY 23 FY 24 Sep-24
Revenue 136.84 161.63 193.56 116.78
EBITDA 5.41 8.96 23.79 22.73
Net Profit -18.68 -4.20 25.23 22.74
RoCE -6.88% -5.17% 17.58% 12.85%*
ROE -81.41% -21.55% 56.60% 19.98%*
P/E - - 89.17 51.73*

Tentative Timeline

Opening Date 13/01/2025
Closing Date 15-01-2025
Basis of Allotment 16-01-2025
Initiation of Refunds 17-01-2025
Credit of Shares to Demat 17-01-2025
Listing Date 20-01-2025

Objects of the Issue

Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company
Investment in certain Subsidiaries for the repayment/prepayment, in full or in part, of certain outstanding borrowings
Funding the capital expenditure requirements for purchasing new machinery for the Company
Investment in the subsidiary, Bizdent Devices Private Limited, is needed for the capital expenditure requirements for the purchase of new machinery
General corporate purposes

Contact Information

Registered Office Laxmi Dental Limited Office No. 103, Akruti Arcade, J. P. Road, Opposite A.H. Wadia High School Andheri (West), Mumbai, 400058
Phone +91 226143799
Email co.sec@laxmidentallimited.com
Website https://www.laxmidentallimited.com/

Registrar Details

Name Link Intime India Private Limited
Phone +91-22-4918 6270
Email laxmidental.ipo@linkintime.co.in
Website https://linkintime.co.in/Initial_Offer/public-issues.html

IPO Reservation

QIB Shares Offered Not less than 75% of the Net Issue
Retail Shares Offered Not more than 10% of the Offer
NII (HNI) Shares Offered Not more than 15% of the Offer

Shareholding Pattern

Share Holding Pre Issue (Promoters) 46.56%
Share Holding Post Issue (Promoters) 42.68%

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