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 –

1. Custom crowns and bridges,
2. Clear aligners,
3. Thermoforming sheets,
4. 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

1. Only integrated dental products company in the country, well-positioned to leverage industry growth trends;
2. The second largest business player in the domestic laboratory sector and the leading export laboratory benefiting from the increasing adoption of digital dentistry;
3. Vertically integrated and diversified branded product portfolio;
4. A large dental network that provides the company with a competitive advantage in the market;
5. Robust technologically advanced capabilities with strict regulatory compliance ensuring high-quality standards; and
6. Experienced and adaptable management team with extensive industry experience.

Also Read – Syrma SGS Technology Ltd

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

1. Rajesh Vrajlal Khakhar,
2. Sameer Kamlesh Merchant,
3. 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

FinBlab recommends SUBSCRIBE ratings on Laxmi Dental IPO

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