DentCare, a Kerala-based company known for its artificial teeth manufacturing, is gearing up for its new phase of expansion. The company is considering an initial public offering (IPO) worth Rs 5,000 crore, with plans to finalise details in the coming years.
John Kuriakose, chairman and managing director of DentCare, has indicated that a decision will be made within two weeks on which institution will acquire a 10% stake through private equity (PE). This stake, valued at approximately Rs 135 crore, is expected to go to a single institution, with companies such as ICICI, Axis Bank, and Wipro reportedly showing interest. Discussions are said to be in their final stages, with an announcement anticipated before 10 February.
DentCare, which started its journey in Muvattupuzha in 1988, is currently valued at Rs 1,500 crore. The private equity deal will exclude its two subsidiaries. The funds raised through this investment are expected to support the company's growth plans, which include expanding manufacturing facilities in India and abroad, aiming to reach 100 units.
Looking further ahead, the company is eyeing an IPO in 2030, with a portion of shares set to be reserved for employees. The company claims to have integrated advanced technologies, including digital and laser systems, at its headquarters in Muvattupuzha. According to Kuriakose, DentCare has earned the trust of over 40,000 dentists across India and currently offers more than 450 types of artificial teeth, including crowns, bridges, implants, and aligners.