1.Company Information

Laxmi Dental Limited, formerly Laxmi Dental Export Private Limited, is an India-based company incorporated on July 8, 2004. As of September 30, 2024, it is India's only end-to-end integrated dental products company. The company offers a comprehensive portfolio of custom-made crowns and bridges, branded dental products like clear aligners, thermoforming sheets, and paediatric dental products. The company's operations span over 20 years. It is amongst the top two largest Indian dental laboratories based on Fiscal 2024 revenue. The company has a strong presence in India, the US, and the UK.
Products and Production Capacity
Laxmi Dental Limited manufactures its products across six facilities covering 147,029.63 square feet. These facilities are located in Mira Road and Boisar in the Mumbai Metropolitan Region, Maharashtra, and Kochi, Kerala. The company also has five supporting facilities: two in Mumbai and one each in Delhi, Bengaluru, and Ahmedabad.
The company categorizes its product portfolio into three segments:
1) Laboratory offerings: This segment includes custom-made crowns and bridges, including metal-free and PMF (porcelain fused to metal) products, removables, and other products. The estimated average capacity in SKUs (stock keeping units) for this segment in Fiscal 2024 was 744,300, with an actual production of 651,250 SKUs, resulting in a capacity utilization of 87.50%.
2) Aligner solutions: This segment comprises clear aligners, thermoforming sheets, and other aligner-related products. The company further divides this segment into two groups based on manufacturing processes, each with its capacity and utilization calculations. For aligner products, the average capacity in Fiscal 2024 was 489,375 SKUs, with actual production at 374,689 SKUs, resulting in a capacity utilization of 76.56%. For other aligner-related products, the average capacity was 5,136,000 SKUs, with a production of 1,758,083 SKUs, resulting in a 34.23% utilization rate.
3) Paediatric dental products: This segment focuses on paediatric crowns and other paediatric dental products. Similar to the aligner solutions segment, this segment is further divided based on the manufacturing process. For paediatric crowns, the average capacity in Fiscal 2024 was 1,620,000 SKUs, with actual production at 824,288 SKUs, leading to a 50.88% capacity utilization. For other paediatric products, the capacity was 1,080,000 SKUs, with a production of 597,513 SKUs, resulting in a 55.32% utilization.

2. Strengths

● India's Only End-to-End Integrated Dental Products Company: Laxmi Dental is well-positioned to capitalise on industry growth by being the only company in India offering a complete range of dental products and services. This allows them to cater to various customer needs within the dental market.
● Market Leader in Multiple Segments: The company is the second largest player in the domestic laboratory business and the largest exporter of dental laboratory products in India. They are also the largest and most profitable B2B2C dental aligner solutions company in India. This strong market position in key segments provides a competitive edge.
● Vertically Integrated and Diverse Branded Product Portfolio: Laxmi Dental controls its supply chain and offers high-quality products through vertical integration, encompassing raw materials to distribution. Their diverse branded portfolio, including Illusion Aligners, Illusion Zirconia, Taglus, and Kids-E-Dental, caters to a broad customer base.
● Extensive Dental Network: Laxmi Dental boasts a vast dental network, reaching over 22,000 dental clinics, companies, and dentists across 320 cities in India and exporting to over 95 countries. This network provides a strong platform for distribution and sales, giving them a significant advantage over competitors.
● Experienced Management Team: The company benefits from the expertise of its management team, who possess extensive experience in the dental industry6. This experienced leadership has been instrumental in the company's growth and strategic direction.

3. Objects of the Issue

The Company proposes to utilize the Net Proceeds towards funding the following objects:
1) Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the 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 purchasing new machinery for the Company.
4) Investment in our subsidiary, Bizdent Devices Private Limited, is needed for the capital expenditure requirements for the purchase of new machinery.
5) General corporate purposes.

4.Laxmi Dental Limited IPO Registrar

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