Vasa Denticity IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: May 25, 2023Let’s have a detailed review of the company and analytics of the Vasa Denticity IPO release date, IPO offer price, subscription, Vasa Denticity Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 121 to Rs 128 |
| Listing At | NSE, SME |
| Min. Order Quantity | 1000 Shares |
| Listing Date | 2 June 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs 5,407 Lakh |
| Tick Size | 1 |
Vasa Denticity IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Vasa Denticity Share Price |
Vasa Denticity IPO – Summary
They are in the business of marketing and distributing of a comprehensive portfolio of dental products including consumables, instruments, equipment, and accessories for diagnosing, treating and preventing dental conditions as well as improving the aesthetics of the human smile through their online portal “Dentalkart.com”.
The same is operated through their website and mobile application “Dentalkart”. They operate an online channel housing approximately 300 domestic and international brands with a comprehensive product range of over 10,000 dental products.
The Promoter of this company is Dr Vikas Agarwal, Sandeep Aggarwal, Manish Kumar & Nakul Varshney. The lead manager of the issue is HEM SECURITIES LIMITED, and the Registrar of this issue is Mas Services Limited.
Vasa Denticity IPO Date
The opening and closing dates of Vasa Denticity IPO are 23 May 2023 and 25 May 2023 respectively.
Vasa Denticity IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 23rd May | 0.05x | 0.38x | 2.28x | 1.17x |
| 2nd Day – 24th may | 0.54x | 2.71x | 8.22x | 4.69x |
| 3rd Day – 25th May | 37.26x | 115.13x | 58.07x | 67.99x |
| Shares Offered or Net Issue | 802,000 | 818,000 | 1,404,000 | 3,024,000 |
The shares subscribed by the public will be updated here.
Vasa Denticity IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares are pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Vasa Denticity Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | 30 May 2023 |
| Refunds Initiation | 31 May 2023 |
| Credit of Shares to Demat Account | 1 June 2023 |
| Share Listing Date | 2 June 2023 |
Vasa Denticity IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 121 to Rs 128
Vasa Denticity IPO Equity Size
This Initial Public Issue of 4,224,000 Equity Shares of Rs.10 each for cash at a price of Rs 121 to Rs 128 per equity share aggregating to Rs.5,407 Lakh.
Vasa Denticity IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 3,174,000 Equity Shares of Rs.10/ each.
Issue Size: 4,224,000 Equity Shares of Rs.10 each, aggregating to Rs.5,407 Lakh
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Vasa Denticity IPO – Live Performance
The listing date of this IPO is 2 June 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Vasa Denticity Share Price |
Vasa Denticity IPO Grey Market Premium
The Vasa Denticity Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Vasa Denticity IPO – Company Overview
The Company operates through a centralized distribution hub of 13000 sq. ft located in Gurugram, India.
Through their website and mobile application – “Dentalkart.com”, they sell a broad range of dental products including dental consumables such as adhesives, filling materials, and impression materials; dental equipment such as chairs, x-ray machines, and autoclaves; and dental instruments such as forceps, probes, and mirrors.
Apart from third-party brands, they also market and sell under their own private label portfolio of cost-effective, high-quality dental products in the areas of orthodontics, endodontics and oral surgery such as Metal Bracket Kit, EDTA (Ethylenediaminetetraacetic acid), dental instrument etc.
The breadth and depth of their product offerings address the majority of dentists’ clinical needs for dental materials.
Vasa Denticity IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 31-Dec-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 2,695.18 | 1,945.91 | 691.05 | 481.78 |
| *Total Revenue | 8,757.11 | 7,714.08 | 4,017.72 | 3,045.13 |
| Total Expense | 8,057.91 | 7,179.51 | 3,973.45 | 3,035.71 |
| Profit After Tax | 501.90 | 540.98 | 32.58 | 9.44 |
Earnings per Equity Share (in Lakh)
| 31-Dec-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 4.11 | 4.43 | 0.27 | 0.08 |
Further, their PAT for the period ended on Dec 31, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 501.90 Lakh, Rs. 540.98 Lakh, Rs. 32.58 Lakh and Rs. 9.44 Lakh respectively.
Vasa Denticity IPO – Promoters
The Promoter of this company is:
- Dr Vikas Agarwal,
- Sandeep Aggarwal,
- Manish Kumar
- Nakul Varshney
List of Related Parties (Key Managerial Personnel)
- Vikas Agarwal, Chairman & Managing Director
- Sandeep Aggarwal, Whole Time Director & CFO
- Akanksha Aggarwal, Non-Executive Director
- Varun Chugh, Independent Director
- Ravi Kant Jagetiya, Independent Director
Vasa Denticity IPO – Promoters Holding
- Pre-Issue Share Holding – 95.00%
- Post-Issue Share Holding – 69.62%
Vasa Denticity IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.[●] Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | X Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Vasa Denticity IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To Meet Working Capital Requirements;
2. Expenditure to enhance visibility and awareness of their brands
3. General Corporate Purposes;
4. To meet Offer Expenses.
Vasa Denticity IPO – Business Strategy
- Invest in their owned brand portfolio
- Continue to acquire new customers and increase customer loyalty
- Focus on consistently meeting quality standards and R&D
- Continue to grow the platform by offering new products and services
Vasa Denticity IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- A one-stop shop for Dental products with a diverse range of products across customer preferences
- Digital-first omnichannel distribution
- Efficient distribution Network
- The founder-led company supported by a professional management team
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 4.43 | 90.05% | 4.92 |
| 31-Mar-21 | 0.27 | 54.50% | 0.49 |
| Mar-20 | 0.08 | 34.71% | 0.22 |
Vasa Denticity IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Vasa Denticity Limited | 10 | [●] | 4.43 | 90.05% | 7692.05 |
| Listed Peers | |||||
| Prevest Denpro Ltd | 10 | 34.02 | 9.64 | 20.26% | 3973.5 |
Vasa Denticity IPO Lead Managers
| Lead Managers |
| 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 Registrar to offer
| Registrar to the Offer |
| Mas 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 – Other Details
- Statutory Auditor – M/s. KRA & Co.
- Legal Counsel to the Company – Vedanta Law Chambers
- Bankers to the Company – ICICI Bank Limited
Vasa Denticity IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Vasa Denticity Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Vasa Denticity IPO Review FAQs
Check out various FAQs related to Vasa Denticity IPO:
What is the Issue Size of Vasa Denticity IPO?
The Company is making an initial public offer of 4,224,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Vasa Denticity IPO?
The price band for this particular IPO ranges between Rs 121 to Rs 128. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the Vasa Denticity IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on 23 May 2023, while the closing date is set at 25 May 2023.
What is the Vasa Denticity IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on 30 May 2023, refund initiation is on 31 May 2023, credit of shares is on 1 June 2023, and share listing date is on 2 June 2023.
What is the Vasa Denticity IPO Listing Date?
Shares of this company shall be listed in the exchanges on 2 June 2023. The date, when the listing would be done, is stagnant on 2 June 2023.
Who is the Registrar of Vasa Denticity IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Mas Services Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Vasa Denticity IPO?
Here are the promoters of this IPO – Dr. Vikas Agarwal, Sandeep Aggarwal, Manish Kumar & Nakul Varshney. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Vasa Denticity IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Vasa Denticity IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Vasa Denticity Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 540.98, 2021 is 32.58, and 2020 is 9.44. PAT from Dec 2022 is 501.90.
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