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Laxmi Dental IPO
Price Band
₹407.0–428.0
Issue Size
₹698.06 Cr
Lot Size
33 shares
Min Investment
₹14,124
GMP
+₹145.0 (33.88%)
Issue Price
₹428.0
Subject to Sauda
₹3600
Paid only if allotted
Laxmi Dental IPO AI Summary
- Laxmi Dental IPO is listed on BSE, NSE in the Medical Equipment & Supplies sector.
- Price band: ₹407.0–₹428.0 per share, lot size 33 shares (min. investment ₹14,124).
- Subscription window: 13 Jan–15 Jan 2025, listing on 20 Jan 2025.
- Current GMP is +₹145.0 (33.88%), an estimated listing price of ₹573 — unofficial and can change daily.
Laxmi Dental Limited is a key player in the dental products industry in India, with a robust growth trajectory and a well-integrated business model. The upcoming IPO presents an opportunity for investors to consider the company's potential in a growing market.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Laxmi Dental IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 15 Jan 2025 — not a current signal.
3 of 4 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Laxmi Dental IPO Grey Market Premium (GMP) Today
GMP
+₹145.0
GMP %
+33.88%
Est. Listing
₹573.0
Updated: 25 Jul 2026 14:15
About the Company
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 The only integrated dental products company in India, well-positioned to capture industry tailwinds; Second largest player in domestic laboratory business and largest export laboratory with increasing adoption of digital dentistry; Vertically integrated diverse branded product portfolio; Large Dental Network provide a competitive advantage in the market; Robust technologically advanced capabilities with stringent regulatory compliance ensuring high quality standards.
Company Financials (₹ Cr)
As of 2024-09-30
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 158.22 | 134.52 | 96.54 | 102.75 |
| Total Income | 117.90 | 195.26 | 163.84 | 138.07 |
| Profit After Tax | 22.74 | 25.23 | -4.16 | -18.68 |
| NET Worth | 67.09 | 44.57 | 19.48 | 22.94 |
| Total Borrowing | 40.91 | 42.03 | 31.44 | 29.63 |
Key Ratios
EPS
₹4.88
NAV
₹8.63
ROE
78.78%
ROCE
19.97%
RoNW
78.78%
P/B Value
49.59
P/E Ratio
87.77
Market Cap
₹2352.38 Cr
PAT Margin
13.03%
Debt/Equity
0.94
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Poly Medicure Ltd. | 153.22 | 19.05% | 94.02 | 26.92 | 26.9 |
| Laxmi Dental Limited This IPO | 8.63 | 78.78% | 87.77 | 4.8 | 4.8 |
Promoters
Rajesh Vrajlal Khakhar, Sameer Kamlesh Merchant and Dharmesh Bhupendra Dattani n
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company. 22.98 2 Investment in certain Subsidiaries for the repayment/prepayment, in full or in part, of certain outstanding borrowings. 4.60 3 Funding the capital expenditure requirements for purchase of new machinery for the Company 43.51 4 Investment in the Subsidiary, Bizdent Devices Pvt.Ltd., for the capital expenditure requirements for the purchase of new machinery 25.00 5 General Corporate Purposes 32.08 6 Issue Expenses 49.72 Total 177.89
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹163.84 Cr in the year ending 31 Mar 2023, increasing to ₹195.26 Cr by 31 Mar 2024, though this is a 9-month figure, not a full year, so isn't directly comparable. As of 30 Sep 2024, total income was ₹117.90 Cr.
Profit Trend
Profit After Tax was a loss of ₹4.16 Cr in the year ending 31 Mar 2023, improving to ₹25.23 Cr by 31 Mar 2024. As of 30 Sep 2024, Profit After Tax was ₹22.74 Cr.
Valuation
Laxmi Dental's implied P/E at the issue price is approximately 87.77, compared to peers like Poly Medicure Ltd. which has a P/E of 94.02. This suggests that Laxmi Dental is priced at roughly 0.93 times the trailing earnings of its peer group.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO on its debut day. It reflects the demand and supply dynamics for the shares in the grey market, which operates outside the regulated stock exchanges. A positive GMP suggests that investors are expecting a higher listing price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall portfolio strategy and risk tolerance. It's essential to consider the company's market position and growth potential.
Who May Want to Wait
Investors who prefer stable, established companies with predictable earnings might want to avoid this IPO, as it operates in a competitive and evolving sector with inherent risks.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when selling shares on the first day of trading. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance. Investors should be cautious and consider the long-term fundamentals of the company rather than relying solely on listing-day performance.
This evaluation is generated from Laxmi Dental's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Laxmi Dental IPO GMP today?
Laxmi Dental IPO GMP today is +₹145.0 (33.88%), indicating an estimated listing price of ₹573. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Laxmi Dental IPO?
The price band of Laxmi Dental IPO is ₹407.0–₹428.0 per share.
When does Laxmi Dental IPO open and close?
Laxmi Dental IPO opens on 13 January 2025 and closes on 15 January 2025.
When does Laxmi Dental IPO list on the stock exchange?
Laxmi Dental IPO listed on 20 January 2025 at ₹573.0.
What is the lot size for Laxmi Dental IPO?
The lot size for Laxmi Dental IPO is 33 shares, requiring a minimum investment of ₹14,124.
What is the price band for the Laxmi Dental IPO?
The price band for the Laxmi Dental IPO is ₹407.0 to ₹428.0.
What is the minimum investment required?
The minimum investment required is ₹14,124.0.
What is the lot size for the IPO?
The lot size for the IPO is 33 shares.
What are the important dates for the IPO?
The IPO opens on January 13, 2025, and closes on January 15, 2025. The allotment date is January 16, 2025, and the listing date is January 20, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on demand and supply in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
13 Jan 2025
Close
15 Jan 2025
Allotment
16 Jan 2025
Listing
20 Jan 2025
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