Laxmi Dental Ltd

Shares of Laxmi Dental spurted 32.57% n the four trading sessions from its recent closing low of Rs 327.10 on 3 March 2025. The stock hit an all time high at Rs 583.70 on 20 January 2025. The counter has jumped 37.56% from its 52 week low of Rs 312.95, hit on 28 February 2025. On the BSE, 1.40 crore shares were traded in the counter so far compared with average daily volumes of 29 Lakh shares in the past two weeks. The stock had underperformed the market over the past month, declining 7.86% as against Sensex's 4.48% decline. On the technical front, the stock's daily RSI (relative strength index) stood at 87.248. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. Shares of Laxmi Dental debuted on the domestic bourses on 20 January 2025. The scrip was listed at a price of Rs 550.65 apiece, at a premium of 23.36% to its issue price of Rs 428 per share. Laxmi Dental is an integrated dental products company. It offers a comprehensive portfolio of dental products, including custom-made crowns and bridges, branded dental products such as clear aligners, thermoforming sheets, and aligner-related products as a part of aligner solutions, and paediatric dental products. The firm reported a consolidated net profit of Rs 22.74 crore and sales of Rs 116.78 crore for the six months ended on 31 September 2024.Powered by Capital Market - Live

The stock has fallen 24.32% in nine sessions, from its recent closing high of Rs 494.55 recorded on 04 February 2025. In the last on month, the stock has dropped by 32.31% while the benchmark S&P BSE Sensex and the S&P BSE SmallCap index have lost 1.02% and 13.92%, respectively. The scrip had debuted on the domestic bourses at a price of Rs 550.65 apiece, at a premium of 23.36% to its issue price of Rs 428 per share. It is currently down 29.1% from that level. The initial public offer (IPO) of Laxmi Dental was subscribed 114.42 times.The issue opened for bidding on 13 January 2025 and it closed on 15 January 2025. The price band of the IPO was fixed between Rs 407 and 428 per share. The IPO comprised a fresh issue of equity shares worth up to Rs 138 crore and an offer for sale of 1,30,85,467 equity shares aggregating up to Rs 560.06 crore by existing shareholders. The objectives of the fresh issue include Rs 22.98 crore for the repayment or prepayment of certain outstanding borrowings, Rs 4.6 crore for investment in certain subsidiaries, Rs 43.5 crore for funding the capital expenditure requirements for the purchase of new machinery, Rs 25 crore for investment in the subsidiary, Bizdent Devices, for its capital expenditure requirements, and the remaining amount for general corporate purposes. Ahead of the IPO, Laxmi Dental on 10 January 2025 had raised Rs 314.12 crore from anchor investors. The board allotted 73.39 lakh shares at Rs 428 each to 31 anchor investors. Laxmi Dental is an integrated dental products company. It offers a comprehensive portfolio of dental products, including custom-made crowns and bridges, branded dental products such as clear aligners, thermoforming sheets, and aligner-related products as a part of aligner solutions, and paediatric dental products. The firm reported a consolidated net profit of Rs 22.74 crore and sales of Rs 116.78 crore for the six months ended on 31 September 2024. Powered by Capital Market - Live

Net profit of Laxmi Dental rose 110.53% to Rs 4.80 crore in the quarter ended December 2024 as against Rs 2.28 crore during the previous quarter ended December 2023. Sales rose 27.87% to Rs 60.47 crore in the quarter ended December 2024 as against Rs 47.29 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales60.4747.29 28 OPM %15.898.31 - PBDT8.672.80 210 PBT4.71-0.45 LP NP4.802.28 111 Powered by Capital Market - Live

Laxmi Dental will hold a meeting of the Board of Directors of the Company on 13 February 2025.Powered by Capital Market - Live

Fairchem Organics Ltd, Ramco Systems Ltd, Go Digit General Insurance Ltd and Texmaco Infrastructure & Holdings Ltd are among the other gainers in the BSE's 'B' group today, 23 January 2025.Laxmi Dental Ltd surged 11.82% to Rs 549 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 3.62 lakh shares were traded on the counter so far as against the average daily volumes of 7.96 lakh shares in the past one month. Fairchem Organics Ltd spiked 10.00% to Rs 1166.75. The stock was the second biggest gainer in 'B' group. On the BSE, 6401 shares were traded on the counter so far as against the average daily volumes of 3106 shares in the past one month. Ramco Systems Ltd soared 9.59% to Rs 414.65. The stock was the third biggest gainer in 'B' group. On the BSE, 5290 shares were traded on the counter so far as against the average daily volumes of 4587 shares in the past one month. Go Digit General Insurance Ltd exploded 8.00% to Rs 309.1. The stock was the fourth biggest gainer in 'B' group. On the BSE, 5.55 lakh shares were traded on the counter so far as against the average daily volumes of 5.97 lakh shares in the past one month. Texmaco Infrastructure & Holdings Ltd added 7.92% to Rs 128.15. The stock was the fifth biggest gainer in 'B' group. On the BSE, 20055 shares were traded on the counter so far as against the average daily volumes of 33166 shares in the past one month. Powered by Capital Market - Live

The scrip was listed at Rs 528, exhibiting a premium of 23.36% to the issue price. So far, the stock has hit a high of 559.40 and a low of 524.80. On the BSE, over 8.12 lakh shares of the company were traded in the counter so far. The initial public offer (IPO) of Laxmi Dental was subscribed 114.42 times.The issue opened for bidding on 13 January 2025 and it closed on 15 January 2025. The price band of the IPO was fixed between Rs 407 and 428 per share. The IPO comprised a fresh issue of equity shares worth up to Rs 138 crore and an offer for sale of 1,30,85,467 equity shares aggregating up to Rs 560.06 crore by existing shareholders. The objectives of the fresh issue include Rs 22.98 crore for the repayment or prepayment of certain outstanding borrowings, Rs 4.6 crore for investment in certain subsidiaries, Rs 43.5 crore for funding the capital expenditure requirements for the purchase of new machinery, Rs 25 crore for investment in the subsidiary, Bizdent Devices, for its capital expenditure requirements, and the remaining amount for general corporate purposes. Ahead of the IPO, Laxmi Dental on Friday, 10 January 2025, raised Rs 314.12 crore from anchor investors. The board allotted 73.39 lakh shares at Rs 428 each to 31 anchor investors. Laxmi Dental is an integrated dental products company. It offers a comprehensive portfolio of dental products, including custom-made crowns and bridges, branded dental products such as clear aligners, thermoforming sheets, and aligner-related products as a part of aligner solutions, and paediatric dental products. The firm reported a consolidated net profit of Rs 22.74 crore and sales of Rs 116.78 crore for the six months ended on 31 September 2024.Powered by Capital Market - Live

The equity shares of Laxmi Dental (Scrip Code: 544339) are listed effective 20 January 2025 and admitted to dealings on the Exchange in the list of ''B'' Group of Securities. The issue was subscribed 114.42 times. The IPO comprised a fresh issue of equity shares worth up to Rs 138 crore and an offer for sale of 1,30,85,467 equity shares aggregating up to Rs 560.06 crore by existing shareholders.Powered by Capital Market - Live