The Laxmi Dental Limited IPO, a highly anticipated offering in 2025, is set to open for subscription from January 13, 2025, to January 15, 2025. The company plans to raise approximately ₹698.06 crore through this IPO, comprising a fresh issue of ₹138 crore and an offer for sale (OFS) of up to 1,30,85,467 equity shares with a face value of ₹2 each.
Laxmi Dental IPO Price Band and Market Lot
The price band for the Laxmi Dental IPO is set between ₹407 and ₹428 per share. The minimum market lot for the IPO is 33 shares, with a total application amount of ₹14,124. Retail investors can apply for up to 14 lots, or 462 shares, for a total amount of ₹1,97,736. The issue is expected to list on the BSE and NSE on January 20, 2025, with the allotment taking place on January 16, 2025.
Laxmi Dental IPO Review
Laxmi Dental Limited, established in 1989, is a leader in India’s dental product and service sector. The company offers a wide range of dental solutions, including custom-made crowns and bridges, clear aligners, and pediatric dental products. Laxmi Dental has a robust presence in the market, with state-of-the-art manufacturing facilities spread over 146,804.42 square feet.
With impressive financial growth, the company reported a revenue of ₹195.26 crore in FY2024, up from ₹163.84 crore in FY2023. The profit after tax (PAT) for FY2024 stood at ₹25.23 crore, a significant turnaround from a loss of ₹4.16 crore in FY2023. This growth positions Laxmi Dental as a promising investment opportunity for long-term investors.
Laxmi Dental IPO GMP and Expected Listing Gains
As of January 8, 2025, the grey market premium (GMP) for Laxmi Dental IPO shares stands at ₹155, translating to an expected listing gain of around 36.21% based on the upper price band of ₹428. The strong GMP indicates positive market sentiment surrounding the IPO.
Key IPO Details:
- IPO Open Date: January 13, 2025
- IPO Close Date: January 15, 2025
- IPO Price Band: ₹407 to ₹428 per share
- Fresh Issue: ₹138 crore
- Offer for Sale: ₹560.06 crore (1,30,85,467 equity shares)
- Listing Date: January 20, 2025
- Face Value: ₹2 per equity share
- Retail Quota: 10%
- QIB Quota: 75%
- NII Quota: 15%
Laxmi Dental IPO Financial Performance
Laxmi Dental has demonstrated strong growth over the years, driven by its expanding product portfolio and increasing market share. The company’s revenue from operations reached ₹195.26 crore in FY2024, while its PAT margin improved to 13.03%. The company’s return on equity (ROE) is a remarkable 78.78%, reflecting its high profitability. Additionally, Laxmi Dental’s debt-to-equity ratio stands at 0.94, indicating a balanced approach to financing its operations.
Laxmi Dental IPO – Analyzing the Investment Opportunity
Given the company’s impressive financial performance, market leadership in the dental sector, and favorable grey market premium (GMP), the Laxmi Dental IPO presents an attractive investment opportunity for long-term investors. However, potential investors should conduct thorough research and consider their risk tolerance before applying.
For further insights, you can explore additional IPO reviews on Moneycontrol or check the latest IPO details on NSE India for real-time updates.
Conclusion: Should You Apply for Laxmi Dental IPO?
The Laxmi Dental IPO is generating significant interest due to its strong financial track record, promising market position, and attractive valuation metrics. While the GMP suggests healthy listing gains, investors should focus on the company’s long-term growth potential. Laxmi Dental is poised to benefit from the growing demand for high-quality dental products and services in India.
To apply for the IPO, investors can use ASBA through their bank accounts or UPI-enabled stock brokers. Be sure to review the official documents and stay updated with the Laxmi Dental IPO details on Research and Investment for the most accurate and timely information.
With a strong outlook and substantial upside potential, Laxmi Dental IPO is a compelling option for investors looking to diversify their portfolios into the promising dental products sector.
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