Lakshmi Dental Limited has announced its IPO, and it’s all set to open on January 13, 2025. The IPO will close on January 15, 2025. The face value of each share in this IPO is ₹2 per share.
The company has fixed the price band between ₹407 and ₹428 per share. The total issue size of the IPO is 16,309,766 shares, which are worth approximately ₹698.6 crores.
Through the Fresh Issue, the company will distribute 3,224,299 shares and raise ₹138 crores. Apart from this, the company will also raise funds through an Offer for Sale, where it plans to distribute 130,854,467 shares, collecting ₹560.06 crores.
Once listed, the shares will be available on both the BSE and NSE platforms.
Issue Details at a Glance
| Category | Detail | Information |
|---|---|---|
| Key Dates | IPO Date | 13 January, 2025 to 15 January, 2025 |
| Pricing Information | Face Value | ₹2 per share |
| Price Band | ₹407 to ₹428 per share | |
| Investor Details | Lot Size | 33 Shares |
| Issue Type | Book Built Issue IPO | |
| Offer Structure | Total Issue Size | 1,63,09,766 shares worth ₹698.06 Cr |
| Fresh Issue | 32,24,299 shares worth ₹138.00 Cr | |
| Offer for Sale | 1,30,85,467 shares worth ₹560.06 Cr | |
| Listing Details | Listing At | BSE, NSE |
Important Dates
13 January, 2025 (Monday)
15 January, 2025 (Wednesday)
16 January, 2025 (Thursday)
17 January, 2025 (Friday)
17 January, 2025 (Friday)
20 January, 2025 (Monday)
What is GMP of Laxmi Dental Ltd Public Offer today?
As of January 13 , 2025, the Grey Market Premium (GMP) for the Laxmi Dental Ltd offer is ₹160. This indicates that the shares are expected to list at approximately ₹588 per share.
Note: GMP is an unofficial indicator and is based on market speculation; it does not guarantee actual listing performance.
Key Financial Metrics
| Particulars | 30 Sep 2024 (₹ Crores) | FY 24 (₹ Crores) | FY 23 (₹ Crores) | FY 22 (₹ Crores) |
|---|---|---|---|---|
| Assets | ₹158.22 | ₹134.52 | ₹96.54 | ₹102.75 |
| Revenue | ₹117.99 | ₹195.26 | ₹163.84 | ₹138.07 |
| Total Expenses | ₹103.41 | ₹186.66 | ₹167.76 | ₹143.40 |
| Profit After Tax | ₹22.74 | ₹25.23 | -₹4.16 | -₹18.68 |
| Net Worth | ₹67.09 | ₹44.57 | ₹19.48 | ₹22.94 |
The company’s total assets were ₹102.75 crore in 2022 and increased to ₹134.52 crore in 2024. Its revenue also grew, from ₹138.07 crore in 2022 to ₹195.26 crore in 2024.
At the same time, expenses went up too, from ₹143.40 crore in 2022 to ₹186.66 crore in 2024. But here’s the good news—while the company had losses in 2022-23, it bounced back and made a profit of ₹25.23 crore in 2024. That’s a great improvement!
Company's Key Performance Indicator
| Key Performance Indicator | Value |
|---|---|
| Return on Equity (ROE) | 78.78% |
| Return on Capital Employed (ROCE) | 19.97% |
| Return on Net Worth (RoNW) | 78.78% |
| PAT Margin | 13.03 |
| Price to Book Value | 49.59 |
| EBITDA Margin | 12.29 |
| Net Asset Value (NAV) | 8.63 |
| Debt/Equity | 0.94 |
Net Cash Flow Generated
| Particulars | Period Ended Sep 30, 2024 (₹ Crores) | FY 2024 (₹ Crores) | FY 2023 (₹ Crores) | FY 2022 (₹ Crores) |
|---|---|---|---|---|
| Net cash from operating activities | 14.23 | 81.51 | 144.41 | -19.95 |
| Net cash from investing activities | 8.55 | -144.35 | -93.94 | 30.42 |
| Net cash from financing activities | 7.21 | 9.66 | -14.51 | -40.27 |
| Total cash flows | 29.99 | -53.18 | 35.96 | -29.80 |
Lot Size and Application Amount
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail Investor (Minimum Lot) | 1 | 33 | ₹14,124 |
| Retail Investor (Maximum Lot) | 14 | 462 | ₹1,97,736 |
| Small HNI Investor (Minimum Lot) | 15 | 495 | ₹2,11,860 |
| Small HNI Investor (Maximum Lot) | 70 | 2,310 | ₹9,88,680 |
| Big HNI Investor (Minimum Lot) | 71 | 2,343 | ₹10,02,804 |
Investor Category-Wise Reservation
| Investor Category | Shares Reserved |
|---|---|
| Shares Reserved for QIB Category | 75% of the Net Issue |
| Shares Reserved for Retail Category | 10% of the Offer |
| Shares Reserved for NII (HNI) Category | 15% of the Offer |
Peer Comparison: EPS, PE Ratio, and Face Value
| Company Name | EPS Basic (₹) | P/E Ratio | Face Value (₹) |
|---|---|---|---|
| Laxmi Dental Limited | 4.80 | NA | 2 |
| Poly Medicure | 26.92 | 94.02 | 5 |
Key Objectives of the Issue
The fund raised through this issue will be utilized for the following purposes.
- Repayment of Company Borrowings.
- Investment in Subsidiaries for Borrowing Repayment.
- Purchase of New Machinery for the Company.
- Capital Expenditure for Subsidiary Bizdent Devices.
- General Corporate Purposes.
Conclusion:
Honestly, this IPO looks okay for investors. The company’s financials give a clear picture of its current state, and the numbers seem decent. But before investing, I think it’s important to take a good look at all the details and make a careful decision. To help you out, we’ve shared all the key information here. Personally, I’m neutral about this IPO.”
Popular Questions
- When does the issue open and close?
The IPO opens on Monday, J13 anuary, 2025, and closes on Wednesday, 15 January, 2025. - What is the face value of each share in this public offer?
The face value of each share is ₹2. - What is the price band for the offer?
The price band is ₹407 to ₹428 per share. - What is the minimum lot size for retail investors?
Retail investors can bid for a minimum lot size of 33 shares. - What is the total issue size of this Issue?
The total issue size is 1,63,09,766 shares, aggregating up to ₹698.06 Cr. - What type of offer is this?
It is a Book Built Issue Issue. - Where will the shares of this Issue be listed?
The shares will be listed on BSE and NSE.
It is always beneficial to read Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) carefully to better understand its financials and growth opportunities before making a decision.
Looking for more such reviews? Check out our IPO Dashboard for recent posts on other Main-board IPO & SME IPOs for the latest market updates.
Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the Laxmi Dental Ltd Public Offer, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an public offering or any other securities to make sure that it suits your financial plans and risk tolerance.
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