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Vasa Denticity Limited IPO (Vasa Denticity IPO) Detail

May 23, 2023 - May 25, 2023

Vasa Denticity IPO is a book built issue of Rs 54.07 crores. The issue is a combination of fresh issue of 31.74 lakh shares aggregating to Rs 40.63 crores and offer for sale of 10.5 lakh shares aggregating to Rs 13.44 crores.

Vasa Denticity IPO bidding started from May 23, 2023 and ended on May 25, 2023. The allotment for Vasa Denticity IPO was finalized on Tuesday, May 30, 2023. The shares got listed on NSE SME on June 2, 2023.

Vasa Denticity IPO price band is set at ₹121 to ₹128 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹128,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹256,000.

Hem Securities Limited is the book running lead manager of the Vasa Denticity IPO, while Mas Services Limited is the registrar for the issue. The market maker for Vasa Denticity IPO is Hem Finlease.

Refer to Vasa Denticity IPO RHP for detailed information.

Vasa Denticity IPO Details

IPO Date May 23, 2023 to May 25, 2023
Listing Date June 2, 2023
Face Value ₹10 per share
Price Band ₹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 ₹40.63 Cr)
Offer for Sale1,050,000 shares of ₹10
(aggregating up to ₹13.44 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

Vasa Denticity IPO offers 4,224,000 shares. 802,000 (18.99%) to QIB, 602,000 (14.25%) to NII, 1,404,000 (33.24%) to RII 1,200,000 (28.41%) to Anchor investors.

Investor Category Shares Offered
Anchor Investor Shares Offered1,200,000 (28.41%)
Market Maker Shares Offered216,000 (5.11%)
QIB Shares Offered802,000 (18.99%)
NII (HNI) Shares Offered602,000 (14.25%)
Retail Shares Offered1,404,000 (33.24%)
Total Shares Offered4,224,000 (100%)

Vasa Denticity IPO Timeline (Tentative Schedule)

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

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

Vasa Denticity IPO Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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.

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

About Vasa Denticity Limited

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 Financials

Vasa Denticity Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20481.783,045.139.4427.207.2064.57
31-Mar-21691.054,017.7232.5859.7839.78197.24
31-Mar-221,945.917,714.08540.98600.76580.76326.29
31-Dec-222,695.188,757.11501.901,102.661,082.66266.31
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Vasa Denticity IPO is Rs 205.01 Cr.

KPI Values
ROE0.46%
ROCE0.54%
Debt/Equity0.24
RoNW90.05%
Pre IPO Post IPO
EPS (Rs) 4.43
P/E (x) 30.62

Objects of the Issue (Vasa Denticity IPO Objectives)

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 73.14 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 156.09 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB37.26
NII156.09
Retail58.07
Total73.14

Total Application : 81,534 (58.07 times)

Vasa Denticity IPO Prospectus

Vasa Denticity IPO Rating

12
3.1
Rating:Rated 3.1 stars
Vote Here ...

Vasa Denticity IPO Listing Details

Listing Date June 2, 2023
BSE Script Code
NSE Symbol DENTALKART
ISIN INE0N5801013
Final Issue Price ₹128 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹128.00
₹211.00
₹211.00
₹221.55
₹221.55

Check IPO Performance…

Vasa Denticity Limited Contact Details

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: https://www.masserv.com/opt.asp

Vasa Denticity IPO - Buy or Not

Vasa Denticity IPO Recommendation Summary

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

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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 amount required is ₹128,000.

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, May 30, 2023, and the allotted shares will be credited to your demat account by Thursday, June 1, 2023. Check the Vasa Denticity IPO allotment status.

The Vasa Denticity IPO listing date is on June 2, 2023.
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Vasa Denticity IPO Message Board

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516 Comments

266. PLAZA |   Link |  Bookmark |June 27, 2023 9:57:25 PM
IPO Guru IPO Guru (2000+ Posts, 1200+ Likes)
Now this will rocket to new high as per dcreen
265. PLAZA |   Link |  Bookmark |June 21, 2023 3:37:55 PM
IPO Guru IPO Guru (2000+ Posts, 1200+ Likes)
today all time high 277 now tomorrow will sale allotted lot
264. PLAZA |   Link |  Bookmark |June 14, 2023 9:00:43 PM
IPO Guru IPO Guru (2000+ Posts, 1200+ Likes)
Any predictions for price target
264.6. Abhishek Rajkot |   Link |  Bookmark |June 28, 2023 1:41:27 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
@PLAZA  Thank you.
264.7. Abhishek Rajkot |   Link |  Bookmark |June 28, 2023 1:51:46 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
ChatGPT is AI tool (software application) which is used get answer the same way google provide, but on Google you get lists of website and you need to look for information but with the ChatGPT you get answer from AI through various sources and promt the answer right away. It's more like chat bot with AI & processing power. Hope this answer helps.
263. PLAZA |   Link |  Bookmark |June 12, 2023 10:18:54 AM
IPO Guru IPO Guru (2000+ Posts, 1200+ Likes)
Going to buyer pack today
262. Abhishek Rajkot |   Link |  Bookmark |June 8, 2023 9:13:34 AM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Lower circuit again today 🔻
261. SSingh |   Link |  Bookmark |June 7, 2023 12:56:46 PM
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
Exited today at Rs. 245.
It was not strong enough + the valuations are also at par now.
So thought of freeing up the money for next opportunity.
Cheers!
261.8. PLAZA |   Link |  Bookmark |June 23, 2023 9:20:23 PM
IPO Guru IPO Guru (2000+ Posts, 1200+ Likes)
Used chatgpt tool just but it gives general / vague reply for shares as under

Please note that stock market investments are subject to market risks. It is always recommended that you consult with a financial advisor before making any financial decision
261.9. PLAZA |   Link |  Bookmark |June 23, 2023 9:23:28 PM
IPO Guru IPO Guru (2000+ Posts, 1200+ Likes)
How we distribute fund in the following IPO

Greenchef
Idea
Client
Essen
Phk etc
Pl give priority of applying of above or any other if any..
260. PLAZA |   Link |  Bookmark |June 7, 2023 8:07:23 AM
IPO Guru IPO Guru (2000+ Posts, 1200+ Likes)
Multiplier share and brokers services bought 90000 @221 of vasa ans simultaneously sold 65600 shares of hemant @175. Seems total adjustment deals of hem.
259. Imhilli |   Link |  Bookmark |June 6, 2023 11:18:34 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Who all took a fresh position today? I was expecting 2 more LCs to take position.
258. SSingh |   Link |  Bookmark |June 6, 2023 2:37:13 PM
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
If this closes at UC today then a few UCs from tomorrow are on cards as all the weak hands are OUT today!!! Let's see... :)
258.1. Fake Investor |   Link |  Bookmark |June 6, 2023 3:29:59 PM
bought 2 lots today thinking about the same and holding 1 alloted lot..lets see what happens..
257. PLAZA |   Link |  Bookmark |June 6, 2023 12:34:59 PM
IPO Guru IPO Guru (2000+ Posts, 1200+ Likes)
VASA WILL BE CLOSED AT UPPER CIRCUIT AS PER SCREEN SHOWS . VONGS WHO IS STILL HOLDING
257.3. IPOswami |   Link |  Bookmark |June 7, 2023 6:14:40 AM (200+ Posts)
Sir 02 alloted loat 02 bought on preopen all are holding..............let see.waht next
257.4. PLAZA |   Link |  Bookmark |June 7, 2023 6:49:04 AM
IPO Guru IPO Guru (2000+ Posts, 1200+ Likes)
#iposwami really it gives so pleasure that u r holding keep hold will reward extra ordinary imo.
256. PLAZA |   Link |  Bookmark |June 4, 2023 10:09:09 PM
IPO Guru IPO Guru (2000+ Posts, 1200+ Likes)
Good opportunity out of topic wiprobuyback 16june 23
255. PLAZA |   Link |  Bookmark |June 2, 2023 4:54:14 PM
IPO Guru IPO Guru (2000+ Posts, 1200+ Likes)
Total salable quantity Appx 30Lacs
Traded quantity Appx 18 Lacs

means more then 60 % shares sold
As per BOA Appx 250000 shares allotted to15 HNI person and IMO they will not sale due to internal information and QIB of 8 lacs will not sale resulting only 2 to 5 lacs shares remain as floating stock and all are cornered as nobody has courage to buy at so high price rather then booked profit ,
Disclaimer I m holding my allotted lot.

comments invited
255.10. SSingh |   Link |  Bookmark |June 5, 2023 3:55:26 PM
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
@PLAZA Sir, I have a very different strategy for SME IPOs. In public, don't share much as people will be like "Abhimanyu"... And I never want anyone putting their hard-earned money at risk because of me. :)
255.11. PLAZA |   Link |  Bookmark |June 5, 2023 4:22:48 PM
IPO Guru IPO Guru (2000+ Posts, 1200+ Likes)
@SSingh  Very Good sprit . I m also of the same opinion . Keep it up .
254. IPOKnight |   Link |  Bookmark |June 2, 2023 9:04:25 PM
Bulk deal
02-Jun-2023      DENTALKART      Vasa Denticity Limited      JAIN SANJAY POPATLAL      BUY      1,00,000      211.00      -

Same person had bought Remus 10K on listing
253. Aman G |   Link |  Bookmark |June 2, 2023 4:18:39 PM
I applied in this ipo from zerodha upi(Google pay) feature and got alloted. BUT Today when i checked my google pay Autopay feature, it shows payment failed(upi 1lakh limit exceeds). I applied from SBI BANK. What should i DO ? AND ANY FUTURE RECCOMENDATION REGARDING THIS MATTER.
253.4. Aman G |   Link |  Bookmark |June 2, 2023 7:28:56 PM
@Abhishek Rajkot I got the allotment and sold in preopen, but amount was not deducted from bank account, So I checked Google pay and saw the payment failed message
253.5. Aman G |   Link |  Bookmark |June 2, 2023 8:17:34 PM
Thanks for all the comments 🙏. Money just got debited from my account and amount also got unblocked by goole pay.
252. SSingh |   Link |  Bookmark |June 2, 2023 4:13:28 PM
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
Holding the allotment lot…
Didnt buy today.. Though looks like it should do well from here..
251. abc xyz |   Link |  Bookmark |June 2, 2023 4:00:01 PM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
At the end of Listing of Vasa DenTicity closed with +73.09% gain.
Closing price : 221.55
Traded Volume : 1803000
It shows that the 1803 persons have participated in Vasa and shown their interest in Dentalkart. This clearly shows their confidence in Vasa.
At the end of the day still 75000 shares were pending for buying. Means still 75 persons were not able to buy it. They will try again on Monday. This all indicates that Dentalkart is a surely Good portfolio stock for sure.
Enjoy weekend.
250. AGARWAL RAJESH |   Link |  Bookmark |June 2, 2023 12:58:15 PM
The increasing buyers quantity at upper circuit shows the UC will continue to hit in coming days too.

Experts please enlighten if i am wrong.
250.1. Nilesh Zaveri |   Link |  Bookmark |June 3, 2023 8:52:46 AM
Expecting UC on monday only...After that may not
250.2. AGARWAL RAJESH |   Link |  Bookmark |June 4, 2023 7:43:48 AM
IMO 2-3 days more should be with UC.

Then it will be stable.

Double @ 256/- possible hai.
249. AGARWAL RAJESH |   Link |  Bookmark |June 2, 2023 11:50:25 AM
Hope upside continues on monday also.

Experts please share your view if one should exit or wait for 2-3 more upper circuits?
248. PKRAJ |   Link |  Bookmark |June 2, 2023 10:55:01 AM
Listing is far far better than GMP and above all expectations. Thereafter U C. Again a great surprise. Buying at this stage may be very risky. But after settling in a few days, long term investment may be fruitful.
Dental is not a subject of first choice while studying but now a days it's a big requirement.
248.1. SJogi |   Link |  Bookmark |June 2, 2023 11:01:43 AM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Yeah!
I was also planning to buy 4 lots in preopen, but it listed at very high price.
Will wait for it to come in my buying range or else will leave it.
247. arvindarvind |   Link |  Bookmark |June 2, 2023 10:07:09 AM
Top Contributor Top Contributor (900+ Posts, 200+ Likes)
Its seems UC is going to break????
247.2. arvindarvind |   Link |  Bookmark |June 2, 2023 10:29:01 AM
Top Contributor Top Contributor (900+ Posts, 200+ Likes)
Wanted to buy one lot but due to high listing risk factor stop me to buy.
Will buy if UC broken otherwise aur bhi aayenge chodo isko...
247.3. AGARWAL RAJESH |   Link |  Bookmark |June 2, 2023 10:29:36 AM
Then why is it stuck at 221.55