Laxmi Dental Limited – India’s only end-to-end integrated Dental Products Company is planning to raise INR 698.06 Crore via IPO [Fresh Issue 138 Crore + OFS 560.06 Crore]
Laxmi dental ipo price is INR 407 – 428 per share
Laxmi Dental: History
Incorporated in 2004, Laxmi Dental Ltd has a brand presence of more than twenty years in the business and is amongst the top 2 largest dental laboratories in India based on revenue for FY 2023 (according to the F&S Report).
Laxmi Dental: Business
Laxmi Dental is a vertically integrated dental aligner company, and the largest and most profitable indigenous B2B2C company in terms of revenue from operations and PAT margin for FY 2023 (Source: F&S Report).
Laxmi dental ltd products include –
- Custom crowns and bridges,
- Clear aligners,
- Thermoforming sheets,
- Pediatric dental products and more
It offers biocompatible 3D printing resins, thermoforming sheets, and machines for manufacturing clear aligners under the brand name “Taglus”.
The Company operates a fully integrated business model, which means it handles the entire process starting from design and manufacturing to distribution of dental products.
Overseas Business
- Laxmi Dental Ltd is the largest exporter in terms of export revenue for the FY 2023 (for custom-made dental prosthesis) catering primarily to the UK, the US, and the European market. (according to F&S Report),
- The Company is the preferred partner for one of the largest DSO in the United States of America with more than 1,650 clinics in the US (Source: F&S Report).
Competitive Strengths
- Only integrated dental products company in the country, well-positioned to leverage industry growth trends;
- The second largest business player in the domestic laboratory sector and the leading export laboratory benefiting from the increasing adoption of digital dentistry;
- Vertically integrated and diversified branded product portfolio;
- A large dental network that provides the company with a competitive advantage in the market;
- Robust technologically advanced capabilities with strict regulatory compliance ensuring high-quality standards; and
- Experienced and adaptable management team with extensive industry experience.
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Manufacturing Facilities
The Company manufactures its dental products at 6 manufacturing facilities, 3 facilities located in Mira Road (Mumbai), 2 facilities in Boisar (Maharashtra), and 1 in Kochi (Kerala).
Network
The Company has established a robust business network, reaching over 22,000 dental companies, dental clinics, and dentists doctors over the past 3 fiscal years.
Strategies Ahead
- Deepen its penetration in the existing Dental Network and also expand its Dental Network;
- Continue to expand its branded product offerings;
- Undertake product enhancements of existing dental products and launch new dental products;
- Improve manufacturing capacities with greater emphasis on automation and adoption of new technologies; and
- Continue to pursue a multi-channel approach in marketing.
Company Promoters
- Rajesh Vrajlal Khakhar,
- Sameer Kamlesh Merchant,
- Dharmesh Bhupendra Dattani
IPO Details
Laxmi dental ipo date = 13 Jan to 15 Jan 2025
Minimum Amount = INR 14,124
Face Value (FV) = INR 2
Minimum Bid = 33 Shares
Listing On = NSE, BSE
Book Running Lead Managers
Nuvama Wealth Management Limited,
Motilal Oswal Investment Advisors Limited,
SBI Capital Markets Limited
FINANCIALS
CONCLUSION
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