Vasa Denticity Limited IPO (Vasa Denticity IPO) Detail

May 23, 2023 - May 25, 2023

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.

Vasa Denticity IPO Details

IPO Date May 23, 2023 to May 25, 2023
Listing Date [.]
Face Value ₹10 per share
Price ₹121 to ₹128 per share
Lot Size 1000 Shares
Total Issue Size4,224,000 shares
(aggregating up to ₹54.07 Cr)
Fresh Issue3,174,000 shares
(aggregating up to ₹[.] Cr)
Offer for Sale1,050,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue12,842,208
Share holding post issue16,016,208
Market Maker portion216,000 shares (Hem Finlease)

Vasa Denticity IPO Reservation

QIB Shares Offered802,000 (26.52%)
NII (HNI) Shares Offered818,000 (27.05%)
Retail Shares Offered1,404,000 (46.43%)
Total Shares Offered3,024,000


  1. Market Maker portion of 216,000 equity shares is added to NII Reservation.
  2. Total Shares offered: QIB+NII+RII.

Vasa Denticity IPO Anchor Investor Allocation

A total of 1,200,000 shares at a price of Rs 128 per share will be allotted to the anchor investors.

S.No.Name of Anchor InvestorNo. of Shares AllocatedBid Price Per Share (Rs.)Anchor Investor Portion (%)Total Amount Allocated (Rs.)
1Bengal Finance & Investment Pvt. Ltd.240,0001282030,720,000
2Founders Collective Fund (Previously, Singularity Growth Opportunities Fund Ii)240,0001282030,720,000
3India-Ahead Venture Fund240,0001282030,720,000
4Maven India Fund240,0001282030,720,000
5Saint Capital Fund240,0001282030,720,000

Vasa Denticity IPO Timetable (Tentative)

Vasa Denticity IPO opens on May 23, 2023, and closes on May 25, 2023.

Event Tentative Date
Opening Date Tuesday, 23 May 2023
Closing Date Thursday, 25 May 2023
Basis of Allotment Tuesday, 30 May 2023
Initiation of Refunds Wednesday, 31 May 2023
Credit of Shares to Demat Thursday, 1 June 2023
Listing Date Friday, 2 June 2023
Cut-off time for UPI mandate confirmation 5 PM on May 25, 2023

Vasa Denticity IPO Lot Size

The Vasa Denticity IPO lot size is 1000 shares.

Application Lots Shares Amount
Retail (Min) 1 1000 ₹128,000
Retail (Max) 1 1000 ₹128,000
HNI (Min) 2 2,000 ₹256,000
Lot Size Calculator

Vasa Denticity IPO Promoter Holding

Dr. Vikas Agarwal, Sandeep Aggarwal, Manish Kumar and Nakul Varshney are the Promoters of the Company.

Pre Issue Share Holding 95.00%
Post Issue Share Holding 69.62%

Company Financials

Vasa Denticity Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
Amount in ₹ Lakhs

Key Performance Indicator

KPI Values
P/E (x)30.62
Market Cap (₹ Cr.)205.01
EPS (Rs)4.43
RoNW (%)90.05

Objects of the Issue

The Company proposes to utilize the funds which are being raised through the Fresh Issue towards funding the following objects:

  1. To Meet Working Capital Requirements;
  2. Expenditure to enhance visibility and awareness of the brands
  3. General Corporate Purposes;
  4. To meet Offer Expenses.

Vasa Denticity IPO Review (May apply)

[Dilip Davda]  The company does marketing and distribution of its own brands manufactured under third-party contracts. Based on its FY23 super earnings, the issue appears aggressively priced. The sustainability of such margins going forward remains a major concern. Well-informed/cash surplus risk seekers may par funds for medium to long-term rewards. Read detail review...

Vasa Denticity IPO Subscription Status (Bidding Detail)

The Vasa Denticity IPO is subscribed 67.99 times on May 25, 2023 7:29:00 PM. The public issue subscribed 58.07 times in the retail category, 37.26 times in the QIB category, and 115.13 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Total Application : 81,534 (58.07 times)

Vasa Denticity IPO Prospectus

Vasa Denticity IPO Rating

Rating:Rated 3.1 stars
Vote Here ...

Company Contact Information

Vasa Denticity Limited
Khasra No. 714, Village,
P.O. Chattarpur,
South Delhi-110074
Phone: +91 85273 60456
Email: cs@dentalkart.com
Website: http://www.dentalkart.com/

Vasa Denticity IPO Registrar

Mas Services Limited

Phone: (011) 2610 4142
Email: info@masserv.com
Website: http://www.masserv.com

Vasa Denticity IPO Analysis

Vasa Denticity IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 1 1 2

Read All Reviews Post Your Review Manage Reviews

SME IPO Enquiry

SME Company Owners
We could help you get listed on the stock market.

Contact us Today

Check our SME IPO Guide New

Vasa Denticity IPO FAQs

Vasa Denticity IPO is a SME IPO of 4,224,000 equity shares of the face value of ₹10 aggregating up to ₹54.07 Crores. The issue is priced at ₹121 to ₹128 per share. The minimum order quantity is 1000 Shares.

The IPO opens on May 23, 2023, and closes on May 25, 2023.

Mas Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Vasa Denticity IPO using UPI as a payment gateway. Zerodha customers can apply in Vasa Denticity IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Vasa Denticity IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Vasa Denticity IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Vasa Denticity IPO opens on May 23, 2023 and closes on May 25, 2023.

Vasa Denticity IPO lot size is 1000 Shares and the minimum order quantity is .

You can apply in Vasa Denticity IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Vasa Denticity IPO will be done on Tuesday, 30 May 2023, and the allotted shares will be credited to your demat account by Thursday, 1 June 2023. Check the Vasa Denticity IPO allotment status.

The Vasa Denticity IPO listing date is not yet announced. The tentative date of Vasa Denticity IPO listing is Friday, 2 June 2023.
Open an Instant Account with Zerodha

Vasa Denticity IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members