Laxmi Dental IPO Subscription Status: The IPO of Lakshmi Dental Limited is getting good response from investors. This issue has been subscribed 4 times so far on the first day of subscription. It has received bids for a total of 3.61 crore shares, while there are 89.70 lakh shares on offer. The company intends to raise Rs 698.06 crore through the issue. Investors will have the opportunity to invest in this public issue till January 15. For this, a price band of Rs 407-428 per share has been fixed. The company has raised Rs 314 crore from anchor investors before the opening of the IPO.
Subscription status of Laxmi Dental IPO
Qualified Institutional Buyers (QIB) – 0.12x
Non Institutional Investors (NII) – 7.54 times
Retail Investors – 10.53 times
Total- 4.03 times
(Jan 13, 2025 | 03:09:00 PM)
About Laxmi Dental IPO
32.24 lakh fresh equity shares worth Rs 138 crore were issued under Lakshmi Dental’s IPO. Apart from this, 1.31 crore shares worth Rs 560.06 crore are being sold through Offer for Sale. This IPO is also getting positive signals from the gray market. The company’s shares will be listed on BSE and NSE.
In this IPO, investors can bid for minimum 33 shares and thereafter in multiples thereof. Retail investors will have to invest at least Rs 14,124 in this. After subscription, allotment of shares to successful investors is expected to take place on January 16. At the same time, the probable date for listing of shares will be January 20.
Link Intime India Private Limited has been appointed as the official registrar for the upcoming IPO. Nuvama Wealth Management, Motilal Oswal Investment Advisors and SBI Capital Markets are the lead managers for the IPO.
Laxmi Dental IPO का GMP
Lakshmi Dental Limited’s IPO is getting good response in the gray market. Today this public issue is trading at a premium of Rs 120 in the unlisted market. According to this, the company’s shares are likely to be listed at a price of Rs 548. If this happens, investors will make a huge profit of about 28.04 percent on the listing. However, keep in mind that the situation in the gray market is constantly changing.
Laxmi Dental’s business
Lakshmi Dental Limited was established in July 2004. It is an integrated dental products company. Its product portfolio includes custom crowns and bridges, clear aligners, thermoforming sheets and pediatric dental products. The company offers machines for the manufacturing of thermoforming sheets, biocompatible 3D printing resins and clear aligners under the Taglus brand.
The company has six manufacturing facilities as of September 30, 2024. Of these, three are in Mira Road, Mumbai, two in Boisar, and one in Kochi. Along with this, there are five supporting facilities in Mumbai, Delhi, Bengaluru and Ahmedabad.
Laxmi Dental’s Financials
Talking about financial, the assets of the company increased from Rs 96.54 crore in FY 2023 to Rs 134.52 crore in FY 2024. During the same period, the company’s revenue increased from Rs 163.84 crore to Rs 195.26 crore. Talking about PAT, it increased from -4.16 to Rs 25.23 crore. However, the company’s borrowings have also increased from Rs 31.44 crore to Rs 42.03 crore.
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