Laxmi Dental Limited IPO Details Issue Price, Date, News, Allotment Status, GMP, Link, Updates

Laxmi Dental Limited IPO Company Profile: 

Incorporated in 2004, Laxmi Dental Limited is India’s leading end-to-end integrated dental products company, offering a comprehensive portfolio that includes custom-made crowns and bridges, branded dental products such as clear aligners, thermoforming sheets, and pediatric dental solutions. According to the F&S Report, as of September 2024, the company is the only such entity in India with a fully integrated dental product range. With over 20 years of experience, Laxmi Dental ranks among the top two largest Indian dental laboratories by revenue for FY 2024, as per the F&S Report. Recognized as the largest and most profitable vertically integrated B2B2C dental aligner solutions provider based on FY 2023 revenue and PAT margin, the company manufactures its products across six advanced manufacturing facilities, spanning 147,029.63 square feet.

IPO-Note	Laxmi Dental Limited
Rs.407– Rs.428 per Equity share	Recommendation: Apply

Laxmi Dental Limited IPO Details:

Laxmi Dental Limited IPO Financial Performance:

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Laxmi Dental Limited IPO Shareholding Pattern:

Particulars	Pre Issue	Post issue
Promoters Group	46.56%	42.68%
Others	53.44%	57.32%

Laxmi Dental Limited IPO Strengths:

• The company offers a diverse portfolio of dental solutions, including (a) laboratory offerings such as metal-free zirconia and intraoral scanners, (b) aligner solutions under the brands Illusion Aligners and Taglus, and (c) pediatric dental products, providing a comprehensive range of high-quality products to meet the needs of both dental professionals and patients.
• The company is well-positioned to capitalize on the robust growth of the Indian healthcare industry, valued at US$ 352 billion in 2022 and projected to grow at a CAGR of 22%, reaching US$ 636 billion by 2025. With the sector expanding due to economic growth, rising middle-class incomes, and increased government healthcare spending, the company’s diverse dental product offerings are strategically aligned to tap into this rapidly growing market, driving future growth and enhanced market penetration.
• The company provides end-to-end integrated dental products through its extensive Dental Network, which spans over 22,000 dental clinics, dental companies, and individual dentists. This network serves a global clientele, reaching more than 95 countries and 320 cities across India between Fiscal 2022 and the six-month period ending September 30, 2024.
• The company reported a revenue from operations of Rs 193.55 crore in FY24, reflecting a growth of 19.75% compared to FY23. Additionally, profit after tax of Rs 25.23 Crore in FY24 as compare to Loss of Rs 4.16 crore in FY23. As of September 30, 2024, the net profit after tax stood at Rs 22.74 crore.
• The company reported strong financial performance in FY24 with a Return on Equity (ROE) of 78.78% and a Return on Capital Employed (ROCE) of 19.97%, delivering substantial returns for investors.

Laxmi Dental Limited IPORisk Factors:

• The company faces intense competition from established players like poly Medicure Limited, Ampa Orthodontics (Toothsi) and DentCare poses a significant risk to the market share of the company, pricing power, and ability to attract and retain customers in the highly competitive sector.

Laxmi Dental Limited IPO Outlook:

Laxmi Dental Limited is India’s leading end-to-end integrated dental products company, offering a comprehensive portfolio that includes custom-made crowns and bridges, branded dental products such as clear aligners, thermoforming sheets, and pediatric dental solutions. According to the F&S Report, as of September 2024, the company is the only such entity in India with a fully integrated dental product range. With strong financial performance and the industry poised for significant growth, the company presents promising opportunities. At the upper price band of Rs. 428, the company is priced at a P/E of 87.77 based on FY24 earnings with EPS of Rs. 4.88 and a P/E of 51.72 based on FY25 expected earnings with EPS of Rs. 8.27. We recommend applying for the issue for both listing and long-term gains.

Laxmi Dental Limited IPO FAQ: