Vasa Denticity IPO Details ( Vasa Denticity Limited IPO Review )
(23 May 2023 – 25 May 2023)
Vasa Denticity Limited, established in 2016, specializes in the marketing and distribution of a diverse range of Dental Products.
The company offers a wide range of dental products, including consumables, instruments, equipment, and accessories for diagnosing, treating, and preventing dental conditions. Their online portal, Dentalkart.com, serves as a platform to enhance the aesthetics of smiles. Additionally, they operate a website and mobile application named Dentalkart, all aimed at achieving the goal of improving the appearance of smiles.
Vasa Denticity operates an extensive online channel that provides customers with a one-stop solution center. They offer a comprehensive product range of over 10,000 dental products from over 300 domestic and international brands. This online platform enables customers from various locations to easily access and avail themselves of their services.
Vasa Denticity Limited operates through a centralized distribution hub located in Gurugram, India, spanning an area of 13,000 square feet.
Vasa Denticity Limited boasts a portfolio of over 30 owned brands. These brands are manufactured or procured from third-party sources, following the specifications developed by the company’s dedicated research and development team.
Vasa Denticity Limited IPO Competitive Strength
- A one stop shop for Dental products with a diverse range of products across customer preferences
- Digital-first omnichannel distribution
- Efficient distribution Network
- Founder-led company supported by a professional management team
Vasa Denticity IPO Financials Performance ( Results )
Vasa Denticity Limited Financial Information ( Restated )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-20 | 481.78 | 3,045.13 | 9.44 | 0.08 | 27.20 | 0.22 | 7.20 | 64.57 |
| 31-Mar-21 | 691.05 | 4,017.72 | 32.58 | 0.27 | 59.78 | 0.49 | 39.78 | 197.24 |
| 31-Mar-22 | 1,945.91 | 7,714.08 | 540.98 | 4.43 | 600.76 | 4.92 | 580.76 | 326.29 |
| 31-Dec-22 | 2,695.18 | 8,757.11 | 501.90 | 4.11 | 1,102.66 | 9.04 | 1,082.66 | 266.31 |
Objective of IPO Issue
- To Meet Working Capital Requirements
- Expenditure to enhance visibility and awareness of the brands
- General Corporate Purposes
- To meet Offer Expenses
Vasa Denticity IPO Basic Details
| IPO Date | May 23, 2023 to May 25, 2023 |
| Listing Date | Friday, June 02, 2023 |
| Face Value | ₹10 per share |
| Price | ₹121 to ₹128 per share |
| Lot Size | 1000 Shares |
| 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 |
| QIB Shares Offered | 50% of the Offer |
| NII (HNI) Shares Offered | 15% of the Offer |
| Retail Shares Offered | 35% of the Offer |
| Company Promoters | Dr. Vikas Agarwal, Sandeep Aggarwal, Manish Kumar & Nakul Varshney |
Vasa Denticity IPO Timetable
Vasa Denticity IPO will open on May 23, 2023 and close on May 25, 2023. You can join Vasa Denticity IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 23 May 2023 (Tuesday) |
| Closing Date | 25 May 2023 (Thursday) |
| Basis of Allotment | 30 May 2023 (Tuesday) |
| Initiation of Refunds | 31 May 2023 (Wednesday) |
| Credit of Shares to Demat | 01 June 2023 (Thursday) |
| Listing Date | 02 June 2023 (Friday) |
Vasa Denticity IPO Lot Size
For retail investors in Vasa Denticity IPO, 1000 shares will come in 1 lot or the minimum investment will be ₹128,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹128,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1,000 | ₹128,000 |
| Retail (Max) | 1 | 1,000 | ₹128,000 |
| S-HNI (Min) | 2 | 2,000 | ₹256,000 |
Vasa Denticity IPO Promoter Holding
| Pre Issue Share Holding | 95.00% |
| Post Issue Share Holding | 69.62% |
Vasa Denticity IPO Valuation – FY2022
| Earning Per Share (EPS) | ₹4.43 per Equity Share |
| Price/Earning P/E Ratio | 30.62 |
| Return on Net Worth (RoNW) | 90.05% |
| Net Asset Value (NAV) | ₹4.92 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | 14.15 |
Vasa Denticity Ltd Key Performance Indicator
| KPI | Values |
| Market Cap (₹ Cr.) | 156.16 |
| P/E (x) | 30.62 |
| ROE (%) | 90.05 |
| ROCE (%) | 62.30 |
| Debt/Equity | 0.24 |
Vasa Denticity Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CPM (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) | P/BV Ratio |
| Vasa Denticity Limited | Consolidated | – | 10.00 | 4.43 | 30.62 | 90.05 | 4.92 | 14.15 |
| Peer Group | ||||||||
| Prevest Denpro Ltd | Consolidated | 328 | 10.00 | 9.64 | 34.02 | 20.26 | – | 7.00 |
Vasa Denticity IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 30 May 2023 | ₹62 | – | 62000 |
| 29 May 2023 | ₹79 | – | – |
| 28 May 2023 | ₹76 | – | – |
| 27 May 2023 | ₹72 | – | – |
| 26 May 2023 | ₹75 | – | – |
| 25 May 2023 | ₹62 | – | – |
| 24 May 2023 | ₹60 | – | – |
| 23 May 2023 | ₹40 | – | – |
| 22 May 2023 | ₹35 | – | – |
| 21 May 2023 | ₹36 | – | – |
| 20 May 2023 | ₹30 | – | – |
Dentalkart IPO Detail Video:
Vasa Denticity IPO Subscription Status (Bidding Detail)
The Vasa Denticity IPO on May 25, 2023 at 7:30:00 PM was subscribed 67.99 times, with the retail category being subscribed 58.07 times, the NII (Non-Institutional Investor) category being subscribed 115.13 times and the QIB (Qualified-Institutional Buyers) category being subscribed 37.26 times.
| Category | Subscription |
| QIB | 37.26x |
| NII | 115.13x |
| Retail | 58.07x |
| Total | 67.99x |
Vasa Denticity IPO Prospectus
Vasa Denticity IPO Rating
| Our Rating | 3.0/5.0 |
Vasa Denticity Company Contact Information
Registered Office: Khasra No. 714, Village, P.O. Chattarpur,
South Delhi-110074, Delhi, India.
Tel No: +91 85273 60456
E-mail: cs@dentalkart.com
Website: www.dentalkart.com
Contact Person: Kriti Arora, Company Secretary & Compliance Officer
Promoters of our Company: Dr. Vikas Agarwal,
Sandeep Aggarwal, Manish Kumar & Nakul Varshney
Vasa Denticity IPO Registrar
Mass Services Limited
Address: T-34, 2nd Floor, Okhla Industrial Area,
Phase-II, New Delhi-110020, Delhi, India.
Telephone: +91-11-2638 7281/82/83
Facsimile: +91-11-26387384
Email: info@masserv.com
Investor Grievance Email: investor@masserv.com
Website: www.masserv.com
Contact Person: N. C. Pal
SEBI Registration Number: INR000000049
CIN: U74899DL1973PLC006950
Vasa Denticity IPO Lead Manager
Hem Securities Limited
Address: 904, A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road,
Lower Parel, Mumbai-400013, Maharashtra, India
Tel. No.: +91- 022- 49060000;
Fax No.: +91- 022- 22625991
Email: ib@hemsecurities.com
Investor Grievance Email: redressal@hemsecurities.com
Website: www.hemsecurities.com
Contact Person: Ajay Jain
SEBI Regn. No. INM000010981
Vasa Denticity IPO FAQs
What is the lot size of Vasa Denticity IPO?
The total size of Vasa Denticity IPO is ₹54.07 crores out of which ₹40.63 crores is fresh issue and ₹13.44 crores is offer for sale (OFS).
When will Vasa Denticity IPO start?
Vasa Denticity IPO will Open from 23 May 2023 and IPO will Close on 25 May 2023.
What is the open date of Vasa Denticity IPO?
Vasa Denticity IPO will open date from 23 May 2023.
What is the last date ( close date ) of Vasa Denticity IPO?
Vasa Denticity IPO will close from 25 May 2023.
What is the price band of Vasa Denticity IPO?
Vasa Denticity IPO price band is ₹121 to ₹128. ( Upper Price Band: ₹128, Lower Price Band: ₹121 )
What is the minimum amount required to apply for Vasa Denticity IPO?
The minimum investment for retailers to apply for Vasa Denticity IPO is ₹128,000 and the maximum investment is ₹128,000.
What is going on gray market premium of Vasa Denticity IPO?
View gray market premium of Vasa Denticity IPO by Clicking Here
How much is the GMP of Vasa Denticity IPO?
Watch Vasa Denticity IPO GMP Today: Click Here
What is the allotment date of Vasa Denticity IPO?
The Allotment Date of Vasa Denticity IPO is 30 May 2023.
How to check allotment status in Vasa Denticity IPO?
To check the allotment status of Vasa Denticity IPO, first of all go to the registrar website by clicking here, select your bad Vasa Denticity IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Vasa Denticity IPO?
The Listing Date of Vasa Denticity IPO is 02 June 2023.
How much will be the listing gain in Vasa Denticity IPO?
View listing gain of Vasa Denticity IPO by Clicking Here
How much time Vasa Denticity IPO is subscribed?
Total 67.99 times subscribed in Vasa Denticity IPO out of which 58.07 times subscription was done in retail quota, 115.13 times subscription in NII quota and 37.26 times subscription in QIB quota.
How to apply for Vasa Denticity IPO from Upstox?
Click Here to see how to apply for Vasa Denticity IPO from Upstox. (step by step)
How to apply for Vasa Denticity IPO from Zerodha?
Click Here to see how to apply for Vasa Denticity IPO from Zerodha. (step by step)
How to apply for Vasa Denticity IPO from Angle One?
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