Laxmi Dental Products ₹698 Crore Initial Public Issue To Open For Subscription On January 13

The initial public offering of dental products and solutions provider company Laxmi Dental Ltd., valued at Rs 698.06 crore, will go live on Monday, January 13.

IPO size and structure

The Laxmi Dental IPO is a Rs 698.06 crore book-built offering. A total of 1.31 crore shares, worth Rs 560.06 crores, are being offered for sale in addition to a new issue of 0.32 crore shares, worth Rs 138.00 crores.

10 per cent will go to retail investors, 15 per cent to non-institutional investors, and 75 per cent will go to qualified institutional buyers.

Price band and minimum bid

The price range for Laxmi Dental's IPO is Rs 407 to Rs 428 per share. Applications must have a minimum lot size of 33. Retail investors are required to invest a minimum of Rs 14,124.

For both sNII and bNII, the minimum lot size investment is 15 lots comprising of 495 shares amounting to Rs 2,11,860, and 71 lots comprising of 2,343 shares totalling to Rs 10,02,804 respectively.

Subscription and listing dates

The subscription period for Laxmi Dental's initial public offering (IPO) begins on January 13, 2025, and ends on January 15, 2025. On Thursday, January 16, 2025, the allocation for the Laxmi Dental IPO is anticipated to be finaliSed.

The tentative listing date for the Laxmi Dental IPO is set for Monday, January 20, 2025, and it will be listed on the BSE and NSE.

Use of IPO proceedings

The proceeds of the new issuance will be used by Laxmi Dental for general business operations, debt repayment, and the purchase of new equipment.

Book running lead manager and registrar

The book running lead managers, SBI Capital Markets, Motilal Oswal Investment Advisors, and Nuvama Wealth Management, are in charge of the public issue.

Company financials

In FY24, the company reported their PAT (profit after tax) at Rs 25.23 crore; a whopping 706 per cent jump was reported compared to a net loss of 4.16 crore at the end of previous financial year.

On the revenue front, the company reported total revenue of Rs 195.26 crore in FY24 compared to Rs 163.84 crore at the end of previous fiscal year.