Laxmi Dental IPO: Date, Price, GMP, Review, and Details

Laxmi Dental Limited is set to launch its Initial Public Offering (IPO) from January 13, 2025, to January 15, 2025, offering investors a promising opportunity to enter the growing dental equipment and consumables market. Below, we outline all the crucial details about the IPO, including its price band, lot size, financials, and listing information.

About Laxmi Dental Limited

Laxmi Dental Limited is a leader in manufacturing innovative dental equipment and materials. With its robust market presence and a commitment to quality, the company serves healthcare, dentistry, and pharmaceutical industries.

Key Laxmi Dental IPO Details

IPO Open Date: January 13, 2025
IPO Close Date: January 15, 2025
Price Band: ₹407 to ₹428 per share
Lot Size: 33 shares
Face Value: ₹2 per share
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 On: BSE and NSE

Shareholding Pattern

Pre-Issue Shareholding: 5,17,37,850 shares
Post-Issue Shareholding: 5,49,62,149 shares

Financial Performance Overview

Laxmi Dental has demonstrated consistent growth over the years, as highlighted below:

Financial Year	Revenue (₹ Cr)	PAT (₹ Cr)	EPS (₹)
FY 2018	1,396.08	75.695	3.03
FY 2019	1,574.32	72.391	2.89
FY 2020	1,538.62	70.212	2.86
6 months ending Sep 2020	814.36	45.484	2.02

These financials highlight the company’s solid track record and potential for growth.

Laxmi Dental IPO GMP (Grey Market Premium)

The Grey Market Premium (GMP) for Laxmi Dental IPO reflects current market sentiment. The GMP is currently estimated at ₹163, indicating positive investor interest.

Investment Highlights

Strengths:
- Leading presence in dental manufacturing.
- Consistent financial performance and profitability.
- Growth potential in the healthcare and dental sectors.
Risks:
- Market competition.
- Dependence on regulatory policies and raw material costs.
Investment Recommendation:
This IPO is ideal for investors seeking exposure to the healthcare sector with long-term growth prospects.

How to Apply for Laxmi Dental IPO on Zerodha

Enter Your Bid on Console: Log in to your Zerodha account, access the IPO section, and place your bid.
Approve UPI Mandate: Use your UPI app to approve the payment request.

Once the mandate is approved, the bid amount will remain blocked in your bank account until the allotment process is finalized. Learn more about the process here.