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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.
| 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 Size | 4,224,000 shares (aggregating up to ₹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) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,842,208 |
| Share holding post issue | 16,016,208 |
| Market Maker portion | 216,000 shares (Hem Finlease) |
| QIB Shares Offered | 802,000 (26.52%) |
| NII (HNI) Shares Offered | 818,000 (27.05%) |
| Retail Shares Offered | 1,404,000 (46.43%) |
| Total Shares Offered | 3,024,000 |
Note:
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 Investor | No. of Shares Allocated | Bid Price Per Share (Rs.) | Anchor Investor Portion (%) | Total Amount Allocated (Rs.) |
|---|---|---|---|---|---|
| 1 | Bengal Finance & Investment Pvt. Ltd. | 240,000 | 128 | 20 | 30,720,000 |
| 2 | Founders Collective Fund (Previously, Singularity Growth Opportunities Fund Ii) | 240,000 | 128 | 20 | 30,720,000 |
| 3 | India-Ahead Venture Fund | 240,000 | 128 | 20 | 30,720,000 |
| 4 | Maven India Fund | 240,000 | 128 | 20 | 30,720,000 |
| 5 | Saint Capital Fund | 240,000 | 128 | 20 | 30,720,000 |
| 1,200,000 | 100 | 153,600,000 |
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 |
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 | |||
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% |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 481.78 | 3,045.13 | 9.44 | 27.20 | 7.20 | 64.57 |
| 31-Mar-21 | 691.05 | 4,017.72 | 32.58 | 59.78 | 39.78 | 197.24 |
| 31-Mar-22 | 1,945.91 | 7,714.08 | 540.98 | 600.76 | 580.76 | 326.29 |
| 31-Dec-22 | 2,695.18 | 8,757.11 | 501.90 | 1,102.66 | 1,082.66 | 266.31 |
| Amount in ₹ Lakhs | ||||||
| KPI | Values |
|---|---|
| P/E (x) | 30.62 |
| Market Cap (₹ Cr.) | 205.01 |
| ROE | 0.46 |
| ROCE | 0.54 |
| Debt/Equity | 0.24 |
| EPS (Rs) | 4.43 |
| RoNW (%) | 90.05 |
The Company proposes to utilize the funds which are being raised through the Fresh Issue towards funding the following objects:
[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...
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)
| Category | Subscription (times) |
|---|---|
| QIB | 37.26 |
| NII | 115.13 |
| Retail | 58.07 |
| Total | 67.99 |
Total Application : 81,534 (58.07 times)
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/
Mas Services Limited
Phone: (011) 2610 4142
Email: info@masserv.com
Website: http://www.masserv.com
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Check our SME IPO Guide 
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
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.
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