Laxmi Dental Limited, established in July 2004 by founder Mr. Rajesh Khakhar, is a prominent Indian company specializing in dental products and services. Headquartered in Mumbai, the company has expanded its operations both domestically and internationally, serving clients in over 90 countries.
Business Divisions and Services:
- Illusion Dental Lab: One of India’s oldest dental laboratories, Illusion Dental Lab offers advanced facilities for fabricating dental appliances with precision and aesthetics.
- Laxmi Dental Export: With service hubs in the United States and Europe, this division has been providing high-quality dental products to laboratories and clinics worldwide since 2004.
- Laxmi Dental Lab USA Inc.: A fully equipped dental laboratory in the USA, specializing in superior-quality dental products and services.
- Illusion Aligners: Launched to provide cutting-edge orthodontic solutions, offering FDA 510k-cleared clear aligners crafted using advanced technology.
- Taglus: A global leader in manufacturing innovative aligner and retainer thermoforming sheets, thermoforming machines, biocompatible 3D printing resins, and consumables.
- Kids-e-Dental: Focused on providing advanced, reliable, and aesthetically pleasing dental prostheses for children, currently active in multiple countries.
Mission and Vision:
Laxmi Dental’s mission is to empower dentists with superior quality products, services, and education, aiming to be at the forefront of innovation in the dental sector. Their vision encompasses empowering dentists, enlightening the dental fraternity on advancements, and establishing themselves as a leading source of quality dental products.
Recent Developments:
In January 2025, Laxmi Dental Limited announced plans for an Initial Public Offering (IPO) with an offer price of ₹428 per share. The company has shown strong growth in recent years, turning profitable in the fiscal year 2023-24 with an Earnings Per Share (EPS) of ₹5.11. The IPO is expected to bring good listing gains and long-term returns for investors.
Laxmi Dental Limited continues to innovate and expand its global presence, contributing significantly to advancements in dental technology and services worldwide.
Laxmi Dental Limited IPO Timetable
Particular | Date |
IPO Open Date | 13 Jan 2025 |
IPO Close Date | 15 Jan 2025 |
Allotment Date | 16 Jan 2025 |
IPO Listing Date | 20 Jan 2025 |
Laxmi Dental Limited IPO Details
Issue Type | Book Built Issue IPO |
Face Value | Rs. 2 Per Equity Share |
IPO Price | Rs. 407 to Rs. 428 Per Equity Share |
Market Lot | 33 Share |
ISIN Code | |
Listing At | NSE & BSE |
Issue Size | Approx. Rs. 698 Crore. |
Laxmi Dental Limited IPO Lot Size
Application | Lots | Shares | Amount |
Minimum | 1 | 33 | Rs. 14124 |
Maximum | 14 | 462 | Rs. 197736 |
Small HNI (Minimum) | 15 | 495 | Rs. 211860 |
Big HNI (Minimum) | 71 | 2343 | Rs. 1002804 |
Laxmi Dental Limited IPO Allotment Status
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Company Financials :
Particular | 31 March 2024 | 31 March 2023 | 31 March 2022 |
Total Assets | 134.52 | 96.54 | 102.75 |
Total Revenue | 195.26 | 163.84 | 138.07 |
Profit After Tax | 25.23 | -4.16 | -18.68 |
Company Promoters:
Rajesh Vrajlal Khakhar, Sameer Kamlesh Merchant and Dharmesh Bhupendra Dattani are the promoters of the company.
Objects of this Issue:
- Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company.
- Investment in certain Subsidiaries for the repayment/prepayment, in full or in part, of certain outstanding borrowings.
- Funding the capital expenditure requirements for purchasing new machinery for the Company.
- Investment in our subsidiary, Bizdent Devices Private Limited, is needed for the capital expenditure requirements for the purchase of new machinery.
- General corporate purposes.
Registrar & Company Details
Company Contact Information | IPO Registrar |
Laxmi Dental Limited Office No. 103, Akruti Arcade, J. P. Road, Opposite A.H. Wadia High School Andheri (West), Mumbai, 400058 Phone: +91 226143799 Email: co.sec@laxmidentallimited.com Website: https://www.laxmidentallimited.com/ | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: laxmidental.ipo@linkintime.co.in Website: https://linkintime.co.in/Initial_Offer/public-issues.html |