Laxmi Dental Limited IPO

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.

As of September 30, 2024, the company’s dental network includes over 22,000 clinics and dentists across more than 320 cities nationwide.

The company has significant presence in both domestic and international markets, exporting to over 90 countries.

As of September 30, 2024, the company had 2,372 employees in various departments.

Competitive strengths

  1. The only integrated dental products company in India, well-positioned to capture industry tailwinds;
  2. Second largest player in domestic laboratory business and largest export laboratory with increasing adoption of digital dentistry;
  3. Vertically integrated diverse branded product portfolio;
  4. Large Dental Network provide a competitive advantage in the market;
  5. Robust technologically advanced capabilities with stringent regulatory compliance ensuring high quality standards.

Laxmi Dental Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets158.22134.5296.54102.75
Revenue117.9195.26163.84138.07
Profit After Tax22.7425.23-4.16-18.68
Net Worth67.0944.5719.4822.94
Total Borrowing40.9142.0331.4429.63
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Laxmi Dental IPO is Rs 2352.38 Cr.

KPI as of Sun, Mar 31, 2024.

KPIValues
ROE78.78%
ROCE19.97%
Debt/Equity0.94
RoNW78.78%
PAT Margin13.03
Price to Book Value49.59
 Pre IPOPost IPO
EPS (Rs)4.888.27
P/E (x)87.7751.73
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.

Objects of the Issue (Laxmi Dental IPO Objectives)

Objects of the Fresh Issue Our Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

  1. Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company.
  2. Investment in certain Subsidiaries for the repayment/prepayment, in full or in part, of certain outstanding borrowings.
  3. Funding the capital expenditure requirements for purchasing new machinery for the Company.
  4. Investment in our subsidiary, Bizdent Devices Private Limited, is needed for the capital expenditure requirements for the purchase of new machinery.
  5. General corporate purposes.

Laxmi Dental IPO Details

IPO DateJanuary 13, 2025 to January 15, 2025
Listing Date[.]
Face Value₹2 per share
Price Band₹407 to ₹428 per share
Lot Size33 Shares
Total Issue Size1,63,09,766 shares
(aggregating up to ₹698.06 Cr)
Fresh Issue32,24,299 shares
(aggregating up to ₹ 138.00 Cr)
Offer for Sale1,30,85,467 shares of ₹2
(aggregating up to ₹560.06 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share Holding Pre Issue5,17,37,850 shares
Share Holding Post Issue5,49,62,149 shares

Laxmi Dental IPO Promoter Holding

Rajesh Vrajlal Khakhar, Sameer Kamlesh Merchant and Dharmesh Bhupendra Dattani are the promoters of the company.n

Share Holding Pre Issue46.56%
Share Holding Post Issue 

SHARIAH SCREENING for - Laxmi Dental Limited IPO

Looking to invest ethically or according to Islamic principles? Expert Ethical brokers can help. Whether you need an ethical investment broker, a halal stock broker in India, or a Shariah-compliant broker, there are specialists available. Discover how to align your investments with your values and start your journey towards ethical wealth creation today through Ethical IAP or Ethical PMS.

Visit Prosperia.in to learn more about Ethical Investment Opportunities and start your journey towards ethical wealth creation today.

BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
Allah knows best.
If you find this result mistaken or questionable, let us know via email at info (@) halalstock.in

Spread the Knowledge - Share the Latest IPO Updates and Shariah Compliant IPO's.

Latest Current & Upcoming IPOs in BSE & NSE - Including Shariah Compliant.

The IPO dashboard offers insights on the Latest Current & Upcoming IPOs in BSE & NSE. It also evaluates IPOs for Shariah compliance, ensuring alignment with Islamic principles for ethical investment choices.

IPO

Rikhav Securities Limited IPO Detail

Last Updated on January 14, 2025 Rikhav Securities Limited IPO Incorporated in 1995, Rikhav Securities Limited is a financial services company in India that offers brokerage, investing, and banking services.

Read More »
IPO

Kabra Jewels Limited IPO Detail

Last Updated on January 12, 2025 Kabra Jewels Limited IPO Incorporated in 2010, Kabra Jewels Limited is engaged in the retail jewelry business, offers a diverse collection of gold, diamond,

Read More »
IPO

Laxmi Dental Limited IPO Detail

Last Updated on January 12, 2025 Laxmi Dental Limited IPO Incorporated in July 2004, Laxmi Dental Limited is an integrated dental products company. The company offers custom crowns and bridges,

Read More »

Dear Halal Stock Users,

If you believe our website is a valuable resource,
we invite you to support us.
Your contribution ensures free access for all
and fuels future development.

You can contribute as little as
100, 200, 500 & so…
every bit counts.

Thank you for your support!