Vasa Denticity Limited IPO Detail
Incorporated in 2016, Vasa Denticity Limited is in the business of marketing and distribution of a comprehensive portfolio of Dental Products.
The products of the company include consumables, instruments, equipment, and accessories for diagnosing, treating, and preventing dental conditions. They work on improving the aesthetics of the human smile through their online portal "Dentalkart.com". To achieve the same goal, these operations are also operated through a website and mobile application by the name - "Dentalkart".
Vasa Denticity operates an online channel offering over 300 domestic and international brands with a comprehensive product range of more than 10,000 dental products. A one-stop solution center facilitating online service easily to customers situated in different parts.
Vasa Denticity Limited function through a centralized distribution hub of 13000 sq. ft located in Gurugram, India.
The entity has a portfolio of more than 30 owned brands, which are manufactured/procured from third parties based on the specifications created by them through dedicated research and development team.
Company Promoters
Dr. Vikas Agarwal, Sandeep Aggarwal, Manish Kumar and Nakul Varshney are the Promoters of the Company.IPO Details
| IPO Opening Date | May 23, 2023 |
| IPO Closing Date | May 25, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹121 - 128 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹54.07 Cr |
| Fresh Issue | 3,174,000 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | 1,050,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.05x | - | - | 0.16x | 1.53x | 0.76x |
IPO Tentative Timetable
The Vasa Denticity Limited IPO open date is May 23, 2023, and the close date is May 25, 2023. The issue may list on Jun 02, 2023.
| IPO Open Date | May 23, 2023 |
| IPO Close Date | May 25, 2023 |
| Basis of Allotment Date | May 30, 2023 |
| Initiation of Refunds | May 31, 2023 |
| Credit of Shares to Demat Account | Jun 01, 2023 |
| IPO Listing Date | Jun 02, 2023 |
IPO Lot Size
The Vasa Denticity Limited IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹128000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹128000 |
| Maximum | 1 | 1000 | ₹128000 |
IPO Promoter Holding
| Pre Issue Share Holding | 95.00% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 691.05 | 4017.72 | 32.58 |
| 31-Mar-22 | 1945.91 | 7714.08 | 540.98 |
| 31-Dec-22 | 2695.18 | 8757.11 | 501.90 |
Objects of the Issue:
The Company proposes to utilize the funds which are being raised through the Fresh Issue towards funding the following objects:
- To Meet Working Capital Requirements;
- Expenditure to enhance visibility and awareness of the brands
- General Corporate Purposes;
- To meet Offer Expenses.
Vasa Denticity Limited IPO Registrar:
MAS Services Limited
Vasa Denticity Limited IPO Lead Manager(s):
Hem Securities Limited
Company Contact Information:
Vasa Denticity Limited
Khasra No. 714, Village, P.O. Chattarpur, South Delhi
Delhi
Delhi
