Laxmi Dental Limited IPO
Business Overview
Incorporated in July 2004, Laxmi Dental Limited is a leading integrated dental products company, offering a comprehensive range of dental solutions. The company's product portfolio includes custom crowns and bridges, branded dental items like clear aligners and thermoforming sheets, aligner-related products, pediatric dental products, thermoforming sheets, biocompatible 3D printing resins, and machines for manufacturing clear aligners under the brand name Taglus. Laxmi Dental operates a fully integrated model that handles the design, manufacturing, and distribution of dental products.
Manufacturing Facilities
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.
Dental Network
The company's dental network comprises over 22,000 clinics and dentists across more than 320 cities nationwide. Laxmi Dental has a significant presence in both domestic and international markets, exporting to over 90 countries.
Strengths
India's only integrated dental products company leveraging industry growth.
Second-largest domestic lab and leading exporter with a digital focus.
A vertically integrated portfolio of diverse branded dental products.
An extensive dental network offers a significant market advantage.
Advanced technology and strict compliance ensure high-quality standards.
Risks
Consolidated past losses, negative EPS, and asset write-offs.
Success depends on dental network expansion and clinic share growth.
Geographic business concentration increases vulnerability to regional losses.
Mumbai manufacturing disruptions could impact operations and finances.
Import/export reliance and overseas challenges risk business growth.
Poor growth management or strategy execution may affect performance.
Legal proceedings involving leadership could harm operations and finances.
Objectives of the Issue
Payment of borrowings
Investment in certain Subsidiaries for the repayment/prepayment of certain outstanding borrowings, in full or in part.
Funding the capital expenditure requirements for purchasing new machinery for the Company.
General corporate purposes.
Laxmi Dental IPO: Key Details
IPO Dates: 13 to 15 January, 2025
Price Band : ₹407 to ₹428 per share
Lot Size: 33 shares
Total Issue size: ₹698.06 Crores
Retail Quota: 10%
GMP: 25% (For Informational purposes only)
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