Laxmi Dental Limited IPO
They are India’s only end-to-end integrated dental products company, offering a diverse range of dental solutions. Their portfolio includes:
i. Custom-made crowns and bridges
ii. Branded dental products, such as clear aligners, thermoforming sheets, and aligner-related products
iii. Paediatric dental products
With over 20 years of presence, they are among the top two largest Indian dental laboratories based on revenue for Fiscal 2024. Additionally, they are the largest and most profitable vertically integrated B2B2C dental aligner solutions company, as per revenue from operations and PAT Margin in Fiscal 2023.
International Leadership in Exports
They are the largest Indian exporter of custom-made dental prostheses, with primary markets in the US and UK. Their global reach and adherence to stringent quality standards, such as US FDA compliance and ISO 13485:2016 certifications, position us as a trusted supplier in the international market.
Technological Advancements in Digital Dentistry
They have embraced digital dentistry with the launch of iScanPro, branded intraoral scanners for digital impressions, which are currently utilized by 264 dentists. Dental restorations prepared using digital impressions constituted:
i. 48.61% of total units sold in the domestic market
ii. 55.48% of total units sold in the international market in Fiscal 2024
Network and Reach
Over the last two decades, they have built a vast network encompassing 22,000+ dental clinics, companies, and dentists. Their integrated approach ensures a seamless supply of high-quality dental products to meet the needs of both domestic and international markets.
Future Growth Prospects
The Indian dental products market is poised for significant growth, driven by:
i. Increasing demand for premium and custom-made dental products
ii. Advancements in digital dentistry and the adoption of intraoral scanners
iii. Transition from fragmented to organized players, owing to stricter regulatory standards
Their continued focus on innovation, quality assurance, and customer-centric solutions ensures their leadership position in this evolving market.
Objects of the Laxmi Dental Limited IPO:
Laxmi Dental Limited IPO Details:
Open Date: | Jan 13 2025 |
Close Date: | Jan 15 2025 |
Total Shares: | 1,63,09,766 |
Face Value: | ₹ 2 Per Equity Share |
Issue Size: | 698.06 Cr. |
Lot Size: | 33 Shares |
Issue Price: | ₹ 407 - 428 Per Equity Share |
Listing At: | NSE,BSE |
Listing Date: | Jan 20 2025 |
Promoters And Management:
Financials of Laxmi Dental Limited IPO:
Particulars ( in million ) | FY24 | Fy23 | Fy22 |
Revenue from Operations | 1,935.55 | 1,616.31 | 1,368.43 |
Other Income | 17.09 | 22.13 | 12.27 |
Total Income (A) | 1,952.64 | 1,638.44 | 1,380.70 |
Cost of Material Consumed | 464.18 | 306.28 | 306.37 |
Purchase of Stock-in-Trade | 38.35 | 100.7 | 100.58 |
Change in Inventories of Finished Goods | -17.64 | 10.99 | -10.39 |
Employee Benefits Expenses | 715.11 | 653.37 | 530.78 |
Finance Costs | 49.54 | 40.94 | 35.67 |
Depreciation and Amortization Expenses | 119.36 | 109.94 | 83.98 |
Other Expenses | 497.65 | 455.33 | 386.96 |
PAT | 179.41 | -44.49 | -170.83 |
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