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Issue Open Date
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13-Jan-25
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Issue Closing Date
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15-Jan-25
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Application Money
|
100
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Allotment Money
|
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Price Band
|
407
-
428
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Minimium Application No.
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33
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Issue Size (Shares)
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8970371
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Market Lot
|
1
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Objective
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1. Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by our Company.2. Investment in certain Subsidiaries for the repayment/prepayment, in full or in part, of certain outstanding borrowings.3. Funding the capital expenditure requirements for purchase of new machinery for our Company.*4. Investment in our Subsidiary, Bizdent Devices Private Limited, for the capital expenditure requirements for the purchase of new machinery.*5. General corporate purposes.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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2446464
|
361965549
|
147.954578117642
|
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Qualified Institutional Buyers
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4892931
|
540081366
|
110.379926878184
|
|
Retail Individual Investors
|
1630976
|
124337400
|
76.2349660571339
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|
|
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Business Description
We are India’s only end-to-end integrated dental products company as at March 31, 2024, offering acomprehensive portfolio of dental products (Source: F&S Report). Our offerings include custom-made crowns and bridges, branded dental products such as clear aligners, thermoforming sheets and aligner related products asa part of aligner solutions, and paediatric dental products. We have a brand presence of more than 20 years andaccording to the F&S Report, we are amongst the top two largest dental laboratories in India based on revenue forthe Fiscal 2023. We are a vertically integrated dental aligner company, and the largest and most profitableindigenous B2B2C dental aligner company in terms of revenue from operations and PAT Margin respectively forthe Fiscal 2023. (Source: F&S Report) We manufacture our dental products across our six manufacturing facilitiesspread across 146,804.42 square feet.
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Promoter's Holding
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Total Share Capital
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24091330
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Offered to Public
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8970371
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Promoter's Holding (Pre-Issue)
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46.56
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Promoter's Holding (Post-Issue)
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41.7
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Address |
Office No. 103
Akruti Arcade
J. P. Road
Opposite A. H. Wadia High School
Andheri (West)
Mumbai,
Maharashtra,
400058
Phone : 022 61437991
Email : co.sec@laxmidentallimited.com
Website : www.laxmidentallimited.com
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Registrar |
MUFG Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
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Listed at |
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BSE, NSE
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Lead Manager |
Motilal Oswal Investment Advisors Pvt Ltd
Nuvama Wealth Management Ltd.
SBI Capital Markets Ltd
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Promoters |
Dharmesh Bhupendra Dattani
Rajesh Vrajlal Khakhar
Sameer Kamlesh Merchant
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