Bookbuilding IPO | ₹54 Cr | Listed at NSE SME | Tue, May 23, 2023 - Thu, May 25, 2023
Vasa Denticity IPO is a book build issue of ₹54.07 crores. The issue is a combination of fresh issue of 0.32 crore shares aggregating to ₹40.63 crores and offer for sale of 0.11 crore shares aggregating to ₹13.44 crores.
Vasa Denticity IPO bidding started from May 23, 2023 and ended on May 25, 2023. The allotment for Vasa Denticity IPO was finalized on May 30, 2023. The shares got listed on NSE SME on Jun 2, 2023.
Vasa Denticity IPO price band is set at ₹128 per share. The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,28,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,56,000.
Hem Securities Ltd. is the book running lead manager and MAS Services Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Vasa Denticity IPO RHP for detailed Information.
IPO Open
Tue, May 23, 2023
IPO Close
Thu, May 25, 2023
Issue Price
₹128 per share
Market Cap (Pre-IPO)
₹205.01 Cr
| IPO Date | 23 to 25 May, 2023 |
| Listed on | Fri, Jun 2, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹121 to ₹128 |
| Issue Price | ₹128 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 42,24,000 shares (agg. up to ₹54 Cr) |
| Reserved for Market Maker | 2,16,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 29,58,000 shares (agg. up to ₹38 Cr) |
| Offer for Sale | 10,50,000 shares of ₹10 (agg. up to ₹13 Cr) |
| Net Offered to Public | 40,08,000 shares (agg. up to ₹51 Cr) |
| Share Holding Pre Issue | 1,28,42,208 shares |
| Share Holding Post Issue | 1,60,16,208 shares |
| NSE Symbol | DENTALKART |
| ISIN | INE0N5801013 |
Vasa Denticity IPO comprises a total issue size of 42,24,000 shares. The net offer to the public is 40,08,000 shares, after excluding 2,16,000 shares allotted on a firm basis. Of the Net offer 20,02,000 (49.95%) are allocated to QIB, 6,02,000 (15.02%) allocated to NII 14,04,000 (35.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 20,02,000 | 49.95% | 47.40% |
| − Anchor Investor Shares Offered | 12,00,000 | 28.41% | |
| − QIB (Ex. Anchor) Shares Offered | 8,02,000 | 18.99% | |
| NII (HNI) Shares Offered | 6,02,000 | 15.02% | 14.25% |
| Retail Shares Offered | 14,04,000 | 35.03% | 33.24% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,16,000 | 5.11% | |
| Total Shares Offered | 42,24,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,28,000 |
| Retail (Max) | 1 | 1,000 | ₹1,28,000 |
| HNI (Min) | 2 | 2,000 | ₹2,56,000 |
Vasa Denticity IPO raises ₹15.36 crore from anchor investors. Vasa Denticity IPO Anchor bid date is May 22, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, May 22, 2023 |
| Shares Offered | 12,00,000 |
| Anchor Portion (₹ Cr.) | 15.36 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Jun 29, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Aug 28, 2023 |
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.
| Period Ended | 31 Dec 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 26.95 | 19.46 | 6.91 | 4.82 |
| Total Income | 87.57 | 77.14 | 40.18 | 30.45 |
| Profit After Tax | 5.02 | 5.41 | 0.33 | 0.09 |
| NET Worth | 11.03 | 6.01 | 0.60 | 0.27 |
| Reserves and Surplus | 10.83 | 5.81 | 0.40 | 0.07 |
| Total Borrowing | 2.66 | 3.26 | 1.97 | 0.65 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirements; | 26.00 |
| 2 | Expenditure to enhance visibility and awareness of the brands | 3.00 |
| 3 | General Corporate Purposes | 8.66 |
| KPI | Mar 31, 2022 |
|---|---|
| ROE | 90.05 |
| ROCE | 62.30 |
| Debt/Equity | 0.24 |
| RoNW | 90.05 |
| PAT Margin | 7.03% |
| EBITDA Margin | 7.64% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.43 | |
| P/E (x) | 30.62 | |
| Promoter Holding | 95.00% | 69.62% |
| Market Cap | ₹205.01 Cr. |
The Vasa Denticity IPO is subscribed 73.14 times on May 25, 2023 7:29:00 PM (Day 3). The public issue subscribed 58.07 times in the retail category, 37.26 times in the QIB category, and 156.09 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 37.26 | 8,02,000 | 2,98,85,000 |
| NII* | 156.09 | 6,02,000 | 9,39,64,000 |
| Retail | 58.07 | 14,04,000 | 8,15,34,000 |
| Total | 73.14 | 28,08,000 | 20,53,83,000 |
Total Application : 81,534
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees | 0.97 |
| 2 | Fees Payable to Registrar to the Offer | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.55 |
| 4 | Fees Payable to Regulators including Stock Exchange | 0.05 |
| 5 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.06 |
| 6 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Syndicate Members Commission, Brokerage, Processing Fees*, Underwriting fees and Miscellaneous Expenses) | 2.30 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹128.00 |
| Open | ₹211.00 |
| Low | ₹211.00 |
| High | ₹221.55 |
| Last Trade | ₹221.55 |
Lead Manager Reports
Vasa Denticity IPO is a SME IPO of 42,24,000 equity shares of the face value of ₹10 aggregating up to ₹54 Crores. The issue is priced at ₹128 per share. The minimum order quantity is 1000.
The IPO opens on Tue, May 23, 2023, and closes on Thu, May 25, 2023.
MAS Services Ltd. 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 Tue, May 23, 2023 and closes on Thu, May 25, 2023.
Vasa Denticity IPO lot size is 1000, and the minimum amount required for application is ₹1,28,000.
You can apply in Vasa Denticity IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Vasa Denticity IPO will be done on Tuesday, May 30, 2023, and the allotted shares will be credited to your demat account by Thu, Jun 1, 2023. Check the Vasa Denticity IPO allotment status.
The Vasa Denticity IPO listing date is on Fri, Jun 2, 2023.
