Business News Desk – The IPO of Lakshmi Dental Limited is going to open for subscription on 13 January. The company intends to raise Rs 698.06 crore through this issue. Investors will have the opportunity to invest in this public issue till January 15. For this, a price band of Rs 407-428 per share has been fixed. The company has raised Rs 314 crore from anchor investors before the opening of the IPO. This IPO is also getting positive signals from the gray market. The company’s shares will be listed on BSE and NSE.
About Lakshmi Dental IPO
Under the IPO of Lakshmi Dental, 32.24 lakh fresh equity shares worth Rs 138 crore will be issued. Apart from this, 1.31 crore shares worth Rs 560.06 crore will be sold through offer for sale. In this IPO, investors can bid for a minimum of 33 shares and then in multiples thereof. Retail investors will have to invest at least Rs 14,124 in this. The allotment of shares to successful investors after subscription is expected to take place on January 16. At the same time, the probable date of listing of shares will be January 20. Link Intime India Private Limited has been appointed as the official registrar for the upcoming IPO. Nuvama Wealth Management, Motilal Oswal Investment Advisors and SBI Capital Markets are the lead managers for the IPO.
GMP of Lakshmi Dental IPO
Lakshmi Dental Limited’s IPO is getting good response in the gray market. Today this public issue is trading at a premium of Rs 145 in the unlisted market. According to this, the company’s shares are likely to be listed at Rs 573. If this happens, investors will make a huge profit of about 34 percent on the listing. However, keep in mind that conditions in the gray market are constantly changing.
Lakshmi Dental Business
Lakshmi Dental Limited was established in July 2004. It is an integrated dental products company. Its product portfolio includes custom crowns and bridges, clear aligners, thermoforming sheets and pediatric dental products. The company offers machines to produce thermoforming sheets, biocompatible 3D printing resins and clear aligners under the Taglus brand. As of September 30, 2024, the company has six manufacturing facilities. These include three in Mira Road, Mumbai, two in Boisar and one in Kochi. Additionally, there are five subsidiary facilities in Mumbai, Delhi, Bengaluru and Ahmedabad.
Financial position of Lakshmi Dental
Talking about the financial position, the assets of the company increased from Rs 96.54 crore in FY 2023 to Rs 134.52 crore in FY 2024. The company’s revenue increased from Rs 163.84 crore to Rs 195.26 crore during the same period. Talking about PAT, it increased from -4.16 to Rs 25.23 crore. However, the company’s borrowings have also increased from Rs 31.44 crore to Rs 42.03 crore.
