Laxmi Dental IPO is a book built issue of Rs 698.06 crores. The issue is a combination of fresh issue of 0.32 crore shares aggregating to Rs 138.00 crores and offer for sale of 1.31 crore shares aggregating to Rs 560.06 crores.
Laxmi Dental IPO bidding started from January 13, 2025 and ended on January 15, 2025. The allotment for Laxmi Dental IPO was finalized on Thursday, January 16, 2025. Laxmi Dental IPO will list on BSE, NSE with tentative listing date fixed as Monday, January 20, 2025.
Laxmi Dental IPO price band is set at ₹407 to ₹428 per share. The minimum lot size for an application is 33. The minimum amount of investment required by retail investors is ₹14,124. The minimum lot size investment for sNII is 15 lots (495 shares), amounting to ₹2,11,860, and for bNII, it is 71 lots (2,343 shares), amounting to ₹10,02,804.
Nuvama Wealth Management Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited are the book running lead managers of the Laxmi Dental IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Laxmi Dental IPO RHP for detailed information.
Laxmi Dental IPO Details
| IPO Date | January 13, 2025 to January 15, 2025 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | ₹407 to ₹428 per share |
| Lot Size | 33 Shares |
| Total Issue Size | 1,63,09,766 shares (aggregating up to ₹698.06 Cr) |
| Fresh Issue | 32,24,299 shares (aggregating up to ₹ 138.00 Cr) |
| Offer for Sale | 1,30,85,467 shares of ₹2 (aggregating up to ₹560.06 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 5,17,37,850 shares |
| Share Holding Post Issue | 5,49,62,149 shares |
Laxmi Dental IPO Reservation
Laxmi Dental IPO offers 1,63,09,766 shares. 48,92,931 (30%) to QIB, 24,46,464 (15%) to NII, 16,30,976 (10%) to RII and 73,39,395 (45%) to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 73,39,395 (45%) | NA |
| QIB Shares Offered | 48,92,931 (30%) | NA |
| NII (HNI) Shares Offered | 24,46,464 (15%) | |
| bNII > ₹10L | 16,30,976 (10%) | 3,294 |
| sNII < ₹10L | 8,15,488 (5%) | 1,647 |
| Retail Shares Offered | 16,30,976 (10%) | 49,423 |
| Total Shares Offered | 1,63,09,766 (100%) |
Laxmi Dental IPO Anchor Investors Details
| Bid Date | January 10, 2025 |
| Shares Offered | 73,39,395 |
| Anchor Portion Size (In Cr.) | 314.13 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 15, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 16, 2025 |
About Laxmi Dental Limited
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.
