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 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 |
Vasa Denticity IPO Reservation
| QIB Shares Offered | Not more than 50% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| Market Maker portion | 216,000 shares |
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 |
Company Financials
| 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 |
Key Performance Indicator
| KPI | Values |
|---|---|
| EPS (Rs) | 4.43 |
| RoNW (%) | 90.05 |
Check Vasa Denticity IPO Peer Comparison here.
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.
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