Laxmi Dental Shares List At 27% Premium Over Ipo Price On Nse

Laxmi Dental shares list at 27% premium over IPO price on NSE

Laxmi Dental Shares Debut with a 27% Premium on January 20

Shares of Laxmi Dental Ltd., a leading player in the dental solutions industry, made a strong debut on the stock exchanges, listing at a premium of 27% after receiving an overwhelming response in the primary market. The company’s IPO, backed by OrbiMed, was subscribed a massive 114 times, reflecting strong investor interest.


Impressive Listing Performance

  • NSE Listing: Shares were listed at Rs 542 per share, a 26.64% premium over the IPO price range of Rs 407–428.
  • BSE Listing: Shares debuted at Rs 528 per share, a 23.36% premium.
  • Market Capitalization: Post-listing, the company’s valuation stood at an impressive Rs 2,978.95 crore.

About Laxmi Dental Ltd.

Laxmi Dental is a vertically integrated provider of dental solutions, catering to a wide range of dental needs. The company has carved a niche for itself in the growing dental industry with an extensive product portfolio that includes:

  • Custom-Made Crowns and Bridges: Precision-crafted solutions for dental restorations.
  • Aligner Solutions: Clear aligners for orthodontic treatments.
  • Paediatric Dental Products: Specialized products designed for children.

With the dental industry transitioning from unorganized to organized players, Laxmi Dental is well-positioned to capitalize on this shift.


Growth Drivers

Prathamesh Masdekar, Research Analyst at Stoxbox, highlighted several factors driving Laxmi Dental’s future growth:

  • Rising Awareness of Dental Aesthetics: More people are investing in their dental health and appearance.
  • Demand for Metal-Free Products: A shift towards advanced, aesthetic dental solutions.
  • Organized Industry Growth: Increasing dominance of organized players in the dental space.

Utilization of IPO Proceeds

The Rs 698-crore IPO is not just a funding exercise but also a strategic move to strengthen the company’s foundation. The funds will be used for:

  • Debt Repayment: Reducing financial liabilities.
  • Capital Expenditure: Expanding manufacturing capacity and enhancing capabilities.
  • Subsidiary Investment: Funding Bizdent Devices Pvt. Ltd., a key subsidiary driving innovation in dental devices.
  • General Corporate Purposes: Strengthening operational and business activities.

Future Outlook

Laxmi Dental is poised to benefit from the growing awareness around dental health and aesthetics, as well as the increasing demand for advanced, metal-free dental products. With its integrated business model, diverse portfolio, and strong backing from OrbiMed, the company has a solid foundation to drive long-term growth.

Its successful market debut reflects investor confidence in both its business model and its potential to thrive in an expanding dental solutions market.

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