Laxmi Dental Limited IPO aims to raise Rs 698.06 Crores through this offering, with a fresh issue of Rs138 Crores and 560.06 Crore through offer for sale. The face value of the equity shares Rs 2 each, with a price band ranging from Rs 407 to Rs 428 per share. The minimum order quantity is 33 shares, translating to a minimum investment of Rs 14124. Retail quota is not more then 10%, QIB is not less then 75% and HNI is not more then 15%. Laxmi Dental IPO List on NSE on 20 January 2025
The book running lead managers for this IPO are Nuvama Wealth Management Limited, Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited, ensuring a smooth and efficient process for all investors.HDFC Bank Limited and ICICI Bank Limited as the sponsor bank, providing support for the IPO’s financial transactions. Additionally, the official registrar for the IPO isMUFG Intime India Private Limited (formerly known as Link Intime India Private Limited), offering reliable services for all share-related processes.
Laxmi Dental IPO Key Dates
Laxmi Dental IPO open on 13 Jan 2025 and close on 15 Jan 2025
| IPO Open Date | 13-Jan-2025 |
| IPO Close Date | 15-Jna-2025 |
| Allotment of Shares | 16-Jan-2025 |
| Credit of Shares | 17-Jan-2025 |
| Listing Date | 20-Jan-2025 |
Laxmi Dental IPO Financial Information
| 30-Sep-2024 | 31-Mar-2024 | 31-Mar-2023 | 31-Mar-2022 | |
| Assets | 1,582.16 | 1,345.23 | 965.38 | 1,027.48 |
| Borrowing | 40.91 | 42.03 | 31.44 | 29.63 |
| Income | 1,179.00 | 1,952.64 | 1,638.44 | 1,380.70 |
| Expenses | 1,034.14 | 1,866.55 | 1,677.55 | 1,433.97 |
| PBT | 211.03 | 85.24 | (42.61) | (147.12) |
| PAT | 181.97 | 179.41 | (44.49) | (170.83) |
Laxmi Dental IPO Key Indicator
| EPS | 5.11 |
| P/E | 83.76 |
| RoNW | 78.78% |
| PAT Margin | 13.03% |
| NAV | 8.63 |
Laxmi Dental IPO Peer Comparison
| EPS | NAV | P/E | RoNW | |
| Laxmi Dental | 4.80 | 8.63 | – | 78.78 |
| Poly Medicure | 26.90 | 153.22 | 94.02 | 19.05 |
Objects of the Fresh Issue
Our Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
1. Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by our Company.
2. Investment in certain Subsidiaries for the repayment/prepayment, in full or in part, of certain outstanding
borrowings.
3. Funding the capital expenditure requirements for purchase of new machinery for our Company.*
4. Investment in our Subsidiary, Bizdent Devices Private Limited, for the capital expenditure requirements
for the purchase of new machinery.*
5. General corporate purposes