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Laxmi Dental Ltd.

Medical Equipment/Supplies/Accessories

IPO Details
  • Issue Type Book building
  • Price range Rs.407-428
  • Market Lot 33
  • Total Equity Shares 8970371
  • Face Value Rs. 2
  • Listing Date Jan 20, 2025
IPO Timeline
Opening date Jan 13, 2025
Closing date Jan 15, 2025
Listing Date Jan 20, 2025

IPO Details

We are India’s only end-to-end integrated dental products company as at March 31, 2024, offering acomprehensive portfolio of dental products (Source: F&S Report). Our offerings include custom-made crowns and bridges, branded dental products such as clear aligners, thermoforming sheets and aligner related products asa part of aligner solutions, and paediatric dental products. We have a brand presence of more than 20 years andaccording to the F&S Report, we are amongst the top two largest dental laboratories in India based on revenue forthe Fiscal 2023. We are a vertically integrated dental aligner company, and the largest and most profitableindigenous B2B2C dental aligner company in terms of revenue from operations and PAT Margin respectively forthe Fiscal 2023. (Source: F&S Report) We manufacture our dental products across our six manufacturing facilitiesspread across 146,804.42 square feet.

Projects

1. Project Name: Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by our Company

Project Cost: 229.84

2. Project Name: Investment in certain Subsidiaries for the repayment/prepayment, in full or in part, of certain outs

Project Cost: 46

3. Project Name: Funding the capital expenditure requirements for purchase of new machinery for our Company

Project Cost: 435.07

4. Project Name: Investment in our Subsidiary, Bizdent Devices Private Limited, for the capital expenditure requireme

Project Cost: 250.04

Promoters

Prmoters Name

1. Rajesh Vrajlal Khakhar

2. Sameer Kamlesh Merchant

3. Dharmesh Bhupendra Dattani

Prmoters Holdings
  • Pre Share Capital: 24091330
  • Pre Promoter Holding: 46.56
  • Offer to Public: 8970371
  • Post Share Capital: 22920210
  • Post Promoter Holding: 41.7

Registrar

Data not availble

Lead Managers

  • Nuvama Wealth Management Ltd.
  • Motilal Oswal Investment Advisors Pvt Ltd
  • SBI Capital Markets Ltd

Subscription Details

Field Description Field Value
Ipo Code 3116
Total Equity 8970371

Field Description Field Value
No of Shares Offered/Reserved For Qualified Institutional Buyers 4892931
No of Shares Bid For Qualified Institutional Buyers 540081366
Total No of Shares Bid For Qualified Institutional Buyers 110.38
No of Shares Offered/Reserved For Foreign Institutional Buyers 0
No of Shares Bid For Foreign Institutional Buyers 133414644
Total No of Shares Bid For Foreign Institutional Buyers 0.00
No of Shares Offered/Reserved For Mutual Fund 0
No of Shares Bid For Mutual Fund 36106917
Total No of Shares Bid For Mutual Fund 0.00
No of Shares Offered/Reserved For Qualified Institutional Buyers - Others 0
No of Shares Bid For Qualified Institutional Buyers - Others 370559805
Total No of Shares Bid For Qualified Institutional Buyers - Others 0.00

Field Description Field Value
No of Shares Offered/Reserved For Non-Institutional Buyers 2446464
No of Shares Bid For Non-Institutional Buyers 361965549
Total No of Shares Bid For Non-Institutional Buyers 147.95
No of Shares Offered/Reserved For Corporate 0
No of Shares Bid For Corporate 2338149
Total No of Shares Bid For Corporate 0.00
No of Shares Offered/Reserved For Individuals 0
No of Shares Bid For Individuals 342391797
Total No of Shares Bid For Individuals 0.00
No of Shares Offered/Reserved For Individuals - Others 0
No of Shares Bid For Individual Others 17235603
Total No of Shares Bid For Individual Others 0.00

Field Description Field Value
No of Shares Offered/Reserved For Retail Individual Investor 1630976
No of Shares Bid For Retail Individual Investor 124337400
Total No of Shares Bid For Retail Individual Investor 76.23
No of Shares Offered/Reserved For Retail Individual Investor - Cutoff 0
No of Shares Bid For Retail Individual Investor - Cutoff 106052166
Total No of Shares Bid For Retail Individual Investor - Cutoff 0.00
No of Shares Offered/Reserved For Retail Individual Investor 0
No of Shares Bid For Retail Individual Investor 18285234
Total No of Shares Bid For Retail Individual Investor 0.00

Field Description Field Value
No of Shares Offered/Reserved For Employee 0
No of Shares Bid For Employee 0
Total No of Shares Bid For Employee 0.00
No of Shares Offered/Reserved Employee - Cutoff 0
No of Shares Bid For Employee - Cutoff 0
Total No of Shares Bid For Employee - Cutoff 0.00
Total No of Shares Bid Offered/Reserved For Employee 0
No of Shares Bid Offered/Reserved For Employee 0
Total No of Shares Bid For Employee 0.00

Field Description Field Value
No of Shares Offered/Reserved For All 8970371
No of Shares Bid For All 1026384315
Total 114.42