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Laxmi Dental IPO is a book-built issue worth ₹698.06 crores. The issue comprises a fresh issue of 0.32 crore shares totaling ₹138.00 crores and an offer for sale of 1.31 crore shares, amounting to ₹560.06 crores.
The Laxmi Dental IPO will open for subscription on January 13, 2025, and close on January 15, 2025. The allotment is expected to be finalized on Thursday, January 16, 2025. The IPO will be tentatively listed on BSE and NSE on Monday, January 20, 2025.
The price band for the Laxmi Dental IPO is ₹407 to ₹428 per share. The minimum lot size for an application is 33 shares. The minimum investment required by retail investors is ₹14,124. The minimum lot size investment for SNIIs is 15 lots (495 shares), amounting to ₹2,11,860, and for BNIIs, it is 71 lots (2,343 shares), totaling ₹10,02,804.
| IPO Date | January 13, 2025 to January 15, 2025 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | ₹407 to ₹428 per share |
| Lot Size | 33 Shares |
| Total Issue Size | 1,63,09,766 shares (aggregating up to ₹698.06 Cr) |
| Fresh Issue | 32,24,299 shares (aggregating up to ₹ 138.00 Cr) |
| Offer for Sale | 1,30,85,467 shares of ₹2 (aggregating up to ₹560.06 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 5,17,37,850 shares |
| Share Holding Post Issue | 5,49,62,149 shares |
| IPO Open Date | Monday, January 13, 2025 |
| IPO Close Date | Wednesday, January 15, 2025 |
| Basis of Allotment | Thursday, January 16, 2025 |
| Initiation of Refunds | Friday, January 17, 2025 |
| Credit of Shares to Demat | Friday, January 17, 2025 |
| Listing Date | Monday, January 20, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 15, 2025 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 33 | ₹14,124 |
| Retail (Max) | 14 | 462 | ₹1,97,736 |
| S-HNI (Min) | 15 | 495 | ₹2,11,860 |
| S-HNI (Max) | 70 | 2,310 | ₹9,88,680 |
| B-HNI (Min) | 71 | 2,343 | ₹10,02,804 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Offer |
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 158.22 | 134.52 | 96.54 | 102.75 |
| Revenue | 117.9 | 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 |
The Laxmi Dental Limited IPO marks an important milestone for the company, allowing investors to participate in its growth and expansion. With its strong foundation in dental products and services, the company aims to capitalize on the growing demand for dental care domestically and internationally.
The financial performance of Laxmi Dental Limited shows consistent growth in revenue and profitability, which provides confidence to potential investors. The funds raised through the IPO are expected to be used for expansion plans, infrastructure improvement, and research and development, which should help strengthen its market position.
However, before making any investment decisions, potential investors should carefully consider factors such as the competitive landscape in the dental industry, regulatory risks, and market volatility. Given the company's solid track record, the IPO could provide a promising opportunity for long-term growth, but due diligence is essential.
In conclusion, while the Laxmi Dental Limited IPO offers an exciting prospect for those interested in the healthcare sector, especially dental care, it is crucial to weigh the risks and rewards before
