Laxmi Dental Limited, a leading integrated dental product company in India, is set to launch its Initial Public Offering (IPO) with the following key details:

IPO Details:

• Issue Period: January 13 to January 15, 2025.
• Issue Size: ₹698.06 crore, comprising a fresh issue of ₹138 crore and an offer for sale (OFS) of ₹560.06 crore.
• Price Band: ₹407 to ₹428 per equity share.
• Lot Size: 33 shares, requiring a minimum investment of ₹14,124.
• Listing Date: Expected on January 20, 2025, on both BSE and NSE.

Subscription Details:

The IPO is scheduled to open for subscription on January 13, 2025, and will close on January 15, 2025.

Allotment and Listing:

• Allotment Finalization: January 16, 2025.
• Initiation of Refunds: January 17, 2025.
• Shares Credited to Demat Accounts: By January 17, 2025.
• Listing Date: January 20, 2025.

Company Overview:

Laxmi Dental Limited is recognized as India’s only comprehensive provider of integrated dental products as of September 2024.

mint Their product range includes custom-designed crowns and bridges, clear aligners, thermoforming sheets, and various products associated with aligner solutions, in addition to offerings for pediatric dental care. The company operates six manufacturing plants across Mumbai and Kochi, covering a total area of 147,029.63 square feet. As of September 30, 2024, their dental network comprises over 22,000 clinics and dentists across more than 320 cities in India. Laxmi Dental also has a strong international presence, exporting to over 90 countries.

Financial Highlights:

While specific financial details are not provided in the available sources, the company has demonstrated significant growth and expansion in both domestic and international markets.

Utilization of Funds:

Proceeds from the fresh issue are planned for:

• Debt Repayment: To reduce existing borrowings.
• Capital Expenditure: Investment in new equipment and facilities.
• Investment in Subsidiary: Funding Bizdent Devices Pvt Ltd.
• General Corporate Purposes.