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Open
13 Jan 2025
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Close
15 Jan 2025
3
Allotment
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Listing
Mon, Jan 20, 2025
Price Band
₹407 to ₹428
Issue Size
1,63,09,766 shares (agg. up to ₹698 Cr)
Lot Size
33 Shares
Listing Date
Mon, Jan 20, 2025
Latest GMP
₹145
Est. Gain
33.88%
✦ AI Insight
GMP Trend
19-01-2025₹145Est. ₹573+33.88%
18-01-2025₹137Est. ₹565+32.01%
17-01-2025₹119Est. ₹547+27.8%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 63.10x |
Restated Financials (₹ Cr.)
| Period Ended | 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 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Osel Devices Ltd. | SME | ₹70.66 Cr | ₹160 | 14.36 | ₹207.95 | +29.97% | ₹444.40 (+1.01%) |
| Aprameya Engineering Ltd. | SME | ₹29.23 Cr | ₹58 | 23.49 | ₹75.60 | +30.34% | ₹149.95 (-0.73%) |
| Amkay Products Ltd. | SME | ₹12.61 Cr | ₹55 | 23.18 | ₹109.72 | +99.49% | ₹52.00 (+2.36%) |
| Royal Sense Ltd. | SME | ₹9.86 Cr | ₹68 | 33.33 | ₹122.74 | +80.50% | ₹120.50 (+9.55%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company. | 22.98 |
| 2 | Investment in certain Subsidiaries for the repayment/prepayment, in full or in part, of certain outstanding borrowings. | 4.60 |
| 3 | Funding the capital expenditure requirements for purchase of new machinery for the Company | 43.51 |
| 4 | Investment in the Subsidiary, Bizdent Devices Pvt.Ltd., for the capital expenditure requirements for the purchase of new machinery | 25.00 |
| 5 | General Corporate Purposes | 32.08 |
| 6 | Issue Expenses | 49.72 |
| Total | 177.89 |
About Laxmi Dental IPO
Incorporated in July 2004, Laxmi Dental Limited is an integrated dental products company. The company offers custom crowns and bridges, branded dental items like clear aligners and thermoforming sheets, aligner-related products as part of its aligner solutions, and pediatric dental products. Their product portfolio includes custom crowns and bridges, clear aligners, thermoforming sheets, pediatric dental products, and more. The company offers thermoforming sheets, biocompatible 3D printing resins, and machines for manufacturing clear aligners under the brand name Taglus. The company operate a fully integrated model, meaning they handle the entire process from design and manufacturing to distribution of dental products. As of September 30, 2024, the company has six manufacturing facilities: three in Mira Road, Mumbai, two in Boisar, and one in Kochi, along with five supporting facilities in Mumbai, Delhi, Bengaluru, and Ahmedabad. As of September 30, 2024, the company’s dental network includes over 22,000 clinics and dentists across more than 320 cities nationwide. The company has significant presence in both domestic and international markets, exporting to over 90 countries. As of
Contact Details
Laxmi Dental Ltd. AddressOffice No.103, Akruti ArcadeJ.P.Road, Opposite A.H.Wadia High SchoolAndheri (West)Mumbai, Maharashtra, 400058+91 226143799co.sec@laxmidentallimited.comVisit Website