Laxmi Dental Limited IPO GMP, Price Date and Details
The improvement in fortunes of the dental products industry has seen many firms receive attention in the market including Lakshmi Dental Ltd. India based integrated dental products manufacturing company which was founded in the year of 2004 has showcased itself as India only integrated dental products company. Having a strong portfolio that includes crowns, clear aligners, thermoforming sheets, and pediatric dental products, the company is ready for a crucial event that is in its plan for the nearest future: the IPO. This blog provides relevant information on the company’s history, its offerings, and IPO information and GMP and growth projections.
Laxmi Dental Limited : Company Overview
Lakshmi Dental Ltd. was started in the year 2004 with a clear cut objective of offering best and latest in dental sectors. After over twenty years, it has become one of the leaders in the Indian dental laboratories market by revenues, distinctly positioned with its broad product portfolio and international focus.
Divisions and Offerings
Illusion Dental Laboratory:
The division is headed in Mumbai and is engaged in the production of superior quality dental prosthetics which include the Illusion Zirconia crown.
Laxmi Dental Export:
This division operates as the leading exporter of dental products that supplies laboratories and clinics throughout the world especially in the United States and Europe.
Laxmi Dental Lab USA Inc.:
This modern laboratory is located in the United States and offers excellent dental services; the main division is the Solitaire Smile Dental Lab in New Jersey.
Illusion Aligners:
Responsible for the FDA approved clear aligners, this division uses state-of-the-art orthodontic systems to meet the increasing market desire for fixed appliances.
Taglus:
A world-class producer of aligner and retainer thermoforming sheets, machines and biocompatible 3D printing resins.
Kids-e-Dental:
Specializing in PDP this division works in several countries and is aimed at creation of Pediatric esthetic dental prostheses.
Competitive Edge :
The secret of success of the business is technological competency, uncompromising obedience to rules and regulations, and a wide dental web. These factors help the first organisation to provide better quality products to the market and remain as market leader in a competitive environment.
Laxmi Dental IPO Financial Performance
Laxmi Dental Limited is a company that operates in the industry and was established in 2004 According to financial analysis conducted in the current study the financial performance of the Laxmi dental limited has remarkable improvement in the recent past. Below is an overview of the company’s financial performance:
Revenue Growth:
Fiscal Year 2022: It has of ₹1,368.43 million it recorded as revenues from operation.
Fiscal Year 2023: Revenues are stated at ₹1,616.31 million this being an approximately 18% growth when compared to the year 2007.
Fiscal Year 2024: The total revenue increased to ₹1,935.55 million with a growth of about 20 per cent as compared to the last fiscal.
Six-Month Period Ending September 30, 2024: The overall earnings to total revenues were flat at ₹860.23 million, while the company got revenue of ₹1,167.80 million, which seems to be on an increasing trend.
Profitability:
Fiscal Year 2022: Laxmi Dental had a loss, having a PAT of ₹(186.79) Million.
Fiscal Year 2023: The company cut down its losses and came to a position of ₹(41.63) million poor PAT.
Fiscal Year 2024: Total PAT was ₹252.29 million during 2012 that shows a substantial change and better operational efficiency and cost management.
Six-Month Period Ending September 30, 2024: The company has been able to demonstrate the consistency of its PAT at ₹227.39 million level thus depicting a picture of sound profitability.
Margins and Returns:
EBITDA Margin: Increased from 3.96% for FY 2022 to 12.29% for FY 2024 to show better operating efficiencies.
PAT Margin: From (13.65%) of the FY2022 to 13.03% of the FY2024, which depict a favourable trend in terms of profit ratio.
Return on Equity (ROE): This has been enhanced from 60.47% in FY2022 and is expected to reach 78.78 % by the end of FY2024 to prove efficient use of shareholders’ funds.
Return on Capital Employed (ROCE): Improved from 19.40% in FY2022 to 19.97% in FY2024 implying improved efficiency on usage of capital.
Earnings Per Share (EPS):
Fiscal Year 2022: EPS stood at ₹(3.56).
Fiscal Year 2023: Improved to ₹(0.77).
Fiscal Year 2024: Changed to positive from ₹ (4.80) profit making EPS.
Six-Month Period Ending September 30, 2024: EPS for the quarter was at ₹4.39 and EPS for reported at ₹4.39.
Operational Efficiency:
Asset Turnover Ratio: The operating margin that shows the effectiveness of assets in generating operating revenues increased from 128.46% in the FY2022 to 167.54% in the FY2024.
These financial ratios point towards the fact Laxmi Dental Limited has been on a strong path of transformation and growth since the analyzed periods indicating successful formulation and implementation of strategies for bringing the much-needed change in the company’s revenues, profit and efficiency.
Laxmi dental limited IPO Complete DetailS
Laxmi Dental IPO Key Dates
IPO Opening Date: January 13, 2025
IPO Closing Date: January 15, 2025
Allotment Date: January 18, 2025
Listing Date: January 22, 2025
Financials and Pricing OF Laxmi Dental IPO
Issue Size: Approximately ₹698.06 crore
Price Band: ₹407 to ₹428 per share
Lot Size: 35 shares per lot
Minimum Investment: ₹14,245
Listing Exchanges: BSE and NSE Banner Income Tax Department’s raids on the companies like Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)
Objectives of Laxmi Dental IPO
The proceeds from the IPO will be utilized to:
Increase the manufacturing capacity of the auto industry.
Sustainability of research and development activities.
Reduce debt obligations.
Improve the flow of distribution of the company’s products.
Promoters and Stakeholders
The promoters of Lakshmi Dental Ltd. – all of them are with vast experience of industry with Industrial Experience of more than 20 years. After IPO, promoter holding is expected to decline, thus improving public float in the Company.
Laxmi dental limited IPO Details
IPO Date | January 13, 2025 to January 15, 2025 |
Listing Date | January 20, 2025 |
Face Value | ₹2 per share |
Price Band | ₹407 to ₹428 per share |
Lot Size | 33 Shares |
Total Issue Size | 1,63,09,766 shares |
Fresh Issue | 32,24,299 shares |
Offer for Sale | 1,30,85,467 shares of ₹2 |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Shareholding Pre Issue | 5,17,37,850 shares |
Shareholding Post Issue | 5,49,62,149 shares |
Laxmi dental IPO Dates and Timeline
IPO Open Date | Monday, January 13, 2025 |
IPO Close Date | Wednesday, January 15, 2025 |
Basis of Allotment | Thursday, January 16, 2025 |
Initiation of Refunds | Friday, January 17, 2025 |
Credit of Shares to Demat | Friday, January 17, 2025 |
Listing Date | Monday, January 20, 2025 |
Cut-off time for UPI mandate confirmation | 5 PM on January 15, 2025 |
Laxmi dental limited IPO Lot Allotment
Application | Lots | Shares | Amount |
Retail (Min) | 1 | 33 | ₹14,124 |
Retail (Max) | 14 | 462 | ₹1,97,736 |
S-HNI (Min) | 15 | 495 | ₹2,11,860 |
S-HNI (Max) | 70 | 2,310 | ₹9,88,680 |
B-HNI (Min) | 71 | 2,343 | ₹10,02,804 |
Laxmi dental limited IPO GMP
Grey Market Premium, also known as (GMP), is an unofficial measure or signal of the demand and performance of an IPO. As of now:
Laxmi dental limited IPO GMP is said to be around ₹163, last updated Jan 10th 2025 02:00 PM. With the price band of 428.00, Laxmi Dental IPO estimated listing price is ₹591 (cap price + today’s GMP).The expected percentage gain/loss per share is 38.08%.
Significance of GMP
As much as GMP can help in providing insight of the general mood within the market at any given time the investors should be wary of the fact that GMP is not a certified measure and at times is manipulated by speculators.
Industry Overview
Market Potential
Analyzing the global dental industry, its annual growth rate is estimated at more than 6 % during 2023-2030. Factors driving this growth include:
- People are becoming more conscious with how they take care of their teeth and gums.
- The access to cosmetic drugs and proper care for the teeth.
- Dental innovations that have occurred in past few years.
Competitive Landscape
Lakshmi Dental Ltd. has many competitors in the same market with its domestic and international rivals. However, an integrated model and diverse offering are a large plus to the organization for which it operates for.
Investment Prospects
1.Strengths
- Integrated Operations: The primary strength is that the company operates as an integrated dental solution provider in India where it is almost unique.
- Technological Prowess: Sophisticated production processes and Research & Development guarantees its quality outputs.
- Global Reach: Import Company Headquarter Country Online Sales Market Export Presence is a good sign because It reduces dependency of company on home markets.
2.Risks
Market Volatility: This means that, changes in the price of raw material can affect the company’s margins.
- Regulatory Challenges: The dental industry requires much regulation, and the firm may be at risk of noncompliance.
Long-Term Outlook
With increased need for dental solutions and these measures taken by the company, Lakshmi Dental Ltd. looks to scale continuously. The IPO also provides investors with a chance to be in a promising industrial sector.
Conclusion
Lakshmi Dental Ltd is a leading company in the dental products industry that uses innovation, quality and world connection. HL Ltd’s admission onto the stock exchange via an IPO means that investors can invest with an aim to capture- future growth. As with any investment vehicle though, it requires considerable analysis and risk assessment. Lakshmi Dental Ltd. is well-established that assures a consistent growth path as soon as it enters the industry and stock market.
Also Read : Best Multibagger Penny Stocks for 2025
FAQ'S
What is the Laxmi Dental Limited IPO GMP ?
As of January 13, 2025, the GMP is approximately ₹160 per share, indicating a premium of about 38% over the issue price.
What are the issue dates for Laxmi Dental Limited IPO ?
The IPO opens on January 13, 2025, and closes on January 15, 2025.
What is the issue price of Laxmi Dental Limited IPO ?
The price band is set between ₹407 and ₹428 per equity share.
What is the lot size for Laxmi Dental Limited IPO ?
Investors can bid for a minimum of 33 shares per lot, amounting to a minimum investment of ₹14,124 at the upper price band.
What is the expected listing date of Laxmi Dental IPO ?
The shares are expected to be listed on January 20, 2025.
What is the total issue size of the Laxmi Dental IPO ?
The IPO aims to raise approximately ₹698 crore, comprising a fresh issue of ₹138 crore and an offer for sale of ₹560 crore.
