Laxmi Dental IPO

Laxmi Dental IPO         

IPO Details                                      Status: Closed  

Docs  DRHP                         Subscription : 113.9x  

IPO Timeline  

Laxmi Dental IPO Subscription Details  

Laxmi Dental IPO Reservation  

Laxmi Dental Limited Financial Information  

About Laxmi Dental IPO  

Laxmi Dental Limited, formerly known as Kabra & Malpani Jewels Private Limited, is a prominent player in the retail jewels industry in Ahmedabad, Gujarat, having been founded in 2010. Initially operating as a sole proprietorship, "KK Jewels" was subsequently incorporated as a private limited company and, in 2024, became a public limited company.  

A wide variety of gold, diamond, and silver jewelry, such as rings, necklaces, bracelets, and wedding pieces, as well as gold and silver coins, cutlery, and artifacts, are available at Laxmi Dental. In addition to selling loose solitaires under the brand "Only Solitaires," the company distributes its exclusive designs under the "KK Jewels" brand, with three offices, six showrooms, and an exhibition hall situated in Ahmedabad.  

IPO Objectives   

The following uses are planned for the net proceeds from the issuance by the company:   

1. Partial or complete repayment of some outstanding loans that the company has taken out.  

2. Investment in specific subsidiaries for the complete or partial repayment or payback of specific outstanding debts.  

3. Financing the capital expenditures needed to buy the company new equipment.  

4. Investment in Bizdent Devices Private Limited, a subsidiary, to cover the capital costs associated with buying new equipment.  

5. Corporate goals in general.          
      

Laxmi Dental IPO: Strengths  

1. It is the sole company in India that offers a full range of dental products. Its product line consists of thermoforming sheets, clear aligners, bridges, and custom crowns.  

2. Digital dentistry is becoming more and more popular, and Laxmi Dental is the biggest export laboratory and the second-largest participant in the domestic laboratory market.  

3. It has successfully incorporated a wide range of branded products.  

4. The company's substantial dental network gives it a competitive advantage in the marketplace.  

5. The management of the company is seasoned and has extensive experience in the dental product market.   

Laxmi Dental IPO: Risks  

1. The business reported written-off assets for the last three fiscal years, a consolidated loss after taxes, and negative earnings per equity share for FY23 and FY23. The business cannot guarantee that it won't encounter similar incidents in the future.  

2. Being recommended by the dental network, growing the wallet share per dental clinic, and growing its dental network are all essential to the company's success. Its business may suffer if this is not accomplished in a way that is economical.         
   Domestically and internationally.  

3. Laxmi Dental's operations are concentrated in specific jurisdictions. Any decline in business in these areas may have an impact on the financial and commercial situation.  

4. Legal actions against the corporation, its promoters, subsidiaries, and directors are still pending.          
      

How To Apply for Laxmi Dental IPO Online?  

1. Click and Login to Your Angel One Account      : Open the Angel One app or website and log in with your credentials.  

2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.  

3. Select IPO: Find and select the Laxmi Dental IPO from the list of open IPOs.  

4. Enter the Lot Size: Specify the number of lots you want to bid for.  

5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.  

6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.  

Important Link          
Laxmi Dental IPO allotment status