About the company
Laxmi Dental Limited, incorporated in July 2004, is an integrated dental products company with over 20 years of experience. Its offerings include custom-made crowns and bridges, branded dental products such as clear aligners, thermoforming sheets, aligner-related products, and pediatric dental items. According to the F&S Report for Fiscal 2024, it ranks among the top two largest Indian dental laboratories by revenue. The company is one of the few in India manufacturing and supplying thermoforming sheets, thermoforming machines, dental consumables, and biocompatible resins for 3D printing. These products are marketed under the ‘Taglus’ brand and are specifically designed for the production of clear aligners.
Issue size
| Funds to be Raised in the IPO | Amount |
|---|---|
| Overall | ₹698.06 crores |
| Fresh Issue | ₹138.00 crores |
| Offer for sale | ₹560.06 crores |
Financial Snapshot
| Financial Year Ended | March 2022 | March 2023 | March 2024 | September 2024 |
|---|---|---|---|---|
| Total Assets | 102.75 | 96.54 | 134.52 | 158.22 |
| Revenue | 138.07 | 163.84 | 195.26 | 117.9 |
| Profit After Tax | -18.68 | -4.16 | 25.23 | 22.74 |
*All figures are in ₹ Crores.
Strengths
- India’s only integrated dental products company leveraging industry growth.
- Second-largest domestic lab and leading exporter with digital focus.
- Vertically integrated portfolio of diverse branded dental products.
- Extensive dental network offers significant market advantage.
- Advanced technology and strict compliance ensure high-quality standards.
Risk factors
- Consolidated past losses, negative EPS, and asset write-offs.
- Success depends on dental network expansion and clinic share growth.
- Geographic business concentration increases vulnerability to regional losses.
- Mumbai manufacturing disruptions could impact operations and finances.
- Import/export reliance and overseas challenges risk business growth.
- Poor growth management or strategy execution may affect performance.
- Legal proceedings involving leadership could harm operations and finances.
Allotment Status for Laxmi Dental
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Schedule of Laxmi Dental
| Issue period | 13-15 Jan 2025 |
|---|---|
| Issue price | Rs 407 - 428 |
| Minimum order quantity | 33 & multiples thereof |
| UPI mandate deadline | 15 Jan 2025 (5 PM) |
| Allotment finalization | 16 Jan 2025 |
| Refund initiation | 17 Jan 2025 |
| Share credit | 17 Jan 2025 |
| Listing date | 20 Jan 2025 |
| Mandate end date | 30 Jan 2025 |
| Lock-in end date for anchor investors (50%) | 15 Feb 2025 |
| Lock-in end date for anchor investors (remaining) | 16 Apr 2025 |