Laxmi Dental Limited is gearing up to launch its much-anticipated initial public offering (IPO) next week, starting from 13 January 2025 and closing on 15 January 2025. This three-day subscription window presents a significant opportunity for investors, as the integrated dental product company looks to make a strong debut on both the BSE and NSE.
Laxmi Dental IPO Key Highlights
- Laxmi Dental IPO Price Band
The IPO price band has been fixed at ₹407 to ₹428 per equity share. - IPO Size and Structure
- Total IPO Size: ₹698.06 crore.
- Fresh Share Issue: ₹138 crore.
- Offer for Sale (OFS): ₹560.06 crore.
- Laxmi Dental IPO Lot Size
Interested investors can bid for the IPO in lots, with one lot comprising 33 shares. - Laxmi Dental IPO Grey Market Premium (GMP)
Ahead of the IPO opening, shares of Laxmi Dental are trading at a premium of ₹166 in the grey market, reflecting strong investor sentiment. - Laxmi Dental IPO Dates to Remember
- Opening Date: 13 January 2025 (Monday).
- Closing Date: 15 January 2025 (Wednesday).
- Allotment Finalization: 16 January 2025.
- Listing Date: 20 January 2025.
Company Performance and Financial Metrics
Laxmi Dental Limited has shown robust growth in recent years.
- Market Capitalization: ₹2,352.38 crore.
- Assets Growth: Increased from ₹96.54 crore to ₹134.52 crore in FY24, marking a 40% YoY growth.
- Revenue Growth: Climbed from ₹163.84 crore to ₹195.26 crore.
- Profit After Tax (PAT): Witnessed strong growth, reflecting the company’s expanding profitability.
- Borrowings: While the company’s borrowings increased in FY24, its financial performance remains attractive to investors.
IPO Lead Managers and Registrar
The lead managers for the Laxmi Dental IPO are Nuvama Wealth Management, Motilal Oswal Investment Advisors, and SBI Capital Markets. The registrar for the IPO is Link Intime India Private Limited, which will oversee the allocation and subscription process.
Anchor Investors and Market Buzz
Ahead of the IPO, the book build issue has already raised ₹314.13 crore from anchor investors, signaling robust market confidence.
The IPO has created a buzz in the market, with analysts pointing out its competitive pricing, consistent growth, and strategic plans to capitalize on the expanding dental products sector. Investors will be closely watching its performance in the coming weeks.
This IPO marks an important milestone for Laxmi Dental Limited, with its shares set to list on 20 January 2025, potentially solidifying its position in the market.
