Laxmi Dental IPO

Laxmi Dental Ltd

₹13,431 /33 sharesMinimum Investment

Laxmi Dental IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
13 Jan ‘25 - 15 Jan ‘25₹13,43133₹407 - ₹428
Issue SizeIPO Doc
698.06Cr
RHP PDF

About Laxmi Dental

Laxmi Dental is a fully integrated dental products company that provides various dental solutions. The company’s product portfolio includes customised crowns and bridges, branded dental items like clear aligners, thermoforming sheets, and aligner-related products as part of their aligner solutions. Laxmi Dental also offers specialised products designed for pediatric dentistry. The products are manufactured across six production facilities. OrbiMed Advisors, a US-based global investment firm, is an investor in Laxmi Dental. OrbiMed Advisors will be offloading a part of its holding through the IPO.;
Founded in
2004
Managing director
Mr. Sameer Kamlesh Merchant
Parent organisation
Laxmi Dental Ltd

Strengths & Financials of Laxmi Dental

Strengths
Risks
Laxmi Dental claims to specialise in custom-made dental prostheses. The company offers products like metal-free crowns and bridges. The company’s portfolio includes premium zirconia crowns and bridges under the brand "Illusion Zirconia," as well as porcelain-fused-to-metal (PFM) crowns, bridges, and dentures.
The company’s manufacturing facilities in Boisar comply with the quality system regulations enforced by the United States Food and Drug Administration (US FDA). Additionally, the units in Mira Road and Boisar are ISO 13485:2016 certified for quality management systems (QMS) for medical devices.
Between FY22 and September 30, 2024, Laxmi Dental has built a strong dental network that supplies products to over 22,000 dental clinics, dental companies, and dentists.
The company’s thermoforming machines, thermoforming sheets, and biocompatible resins have obtained a certificate of conformity under EU Regulation 2017/745.
The company provides a range of pediatric dental products, including pre-formed branded pediatric crowns, Silver Diamine Fluoride (SDF), space maintainers, fissure sealants, reinforced splints, and mineral trioxide aggregate.
Laxmi Dental has received a design registration in India for "Bioflx," a semi-flexible, tooth-coloured, pre-formed dental crown for children. The company has partnered with a leading pediatric dental company to distribute Bioflx crowns across 81 countries worldwide.
As part of the company’s digital dentistry initiatives, the company launched iScanPro, a branded intraoral scanner. Over 160 intraoral scanners were deployed in the Indian market to promote the adoption of digital dental practices.
The company has seen a consistent increase in revenue from operations. Revenue from operations increased from Rs 136.84 crore in FY22 to Rs 161.63 crore in FY23 to Rs 193.55 crore in FY24.

Laxmi Dental Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Laxmi Dental IPO

Apply asPrice bandApply upto
Regular407 - 428₹2 Lakh
High Networth Individual407 - 428₹2 - 5 Lakh
For Laxmi Dental IPO, eligible investors can apply as Regular.
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