Vasa Denticity Limited IPO (Vasa Denticity 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.

Vasa Denticity IPO Details

Vasa Denticity IPO is a Book Built Issue. The IPO total issue size is Rs 54.07 Cr. The Vasa Denticity IPO price is ₹121 to ₹128 per share. The IPO will list on NSE SME.

IPO Date	May 23, 2023 to May 25, 2023
Listing Date	Jun 2, 2023
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 ₹40.63 Cr)
Offer for Sale	1,050,000 shares of ₹10 (aggregating up to ₹13.44 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

Vasa Denticity IPO Reservation

Vasa Denticity IPO a total of 4,224,000 shares are offered. QIB: 802,000 (18.99%), RII: 1,404,000 (33.24%), NII: 602,000 (14.25%).

Anchor Investor Shares Offered	1,200,000 (28.41%)
Market Maker Shares Offered	216,000 (5.11%)
QIB Shares Offered	802,000 (18.99%)
NII (HNI) Shares Offered	602,000 (14.25%)
Retail Shares Offered	1,404,000 (33.24%)
Total Shares Offered	4,224,000 (100%)

Vasa Denticity IPO Timetable (Tentative)

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

IPO Open Date	Tuesday, 23 May 2023
IPO Close 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 minimum lot size of this Vasa Denticity IPO is 1000 shares required is ₹128,000.

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

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

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

Vasa Denticity IPO Market Cap is Rs 205.01 Cr and P/E (x) is 30.62.

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%