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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 ₹128.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,21,000 (1000 shares). The minimum lot size investment for 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 Date | May 23, 2023 to May 25, 2023 |
| Listing Date | June 2, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹121 to ₹128 per share |
| Issue Price Final | ₹128 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 42,24,000 shares (aggregating up to ₹54.07 Cr) |
| Reserved for Market Maker | 2,16,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹2.76 Cr) |
| Fresh Issue (Ex Market Maker) | 29,58,000 shares (aggregating up to ₹37.86 Cr) |
| Offer for Sale | 10,50,000 shares of ₹10 (aggregating up to ₹13.44 Cr) |
| Net Offered to Public | 40,08,000 shares (aggregating up to ₹51.30 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,28,42,208 shares |
| Share Holding Post Issue | 1,60,16,208 shares |
Vasa Denticity IPO offers total 42,24,000 shares. Out of which 20,02,000 (47.40%) allocated to QIB, 8,02,000 (18.99%) allocated to QIB, 6,02,000 (14.25%) allocated to NII, 14,04,000 (33.24%) allocated to RII and 12,00,000 (28.41%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,16,000 (5.11%) |
| QIB Shares Offered | 20,02,000 (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 (14.25%) |
| Retail Shares Offered | 14,04,000 (33.24%) |
| Total Shares Offered | 42,24,000 (100.00%) |
Vasa Denticity IPO raises ₹15.36 crore from anchor investors. Vasa Denticity IPO Anchor bid date is May 22, 2023. Vasa Denticity IPO Anchor Investors list
| Bid Date | May 22, 2023 |
| Shares Offered | 12,00,000 |
| Anchor Portion Size (In Cr.) | 15.36 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 29, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 28, 2023 |
Vasa Denticity IPO opens on May 23, 2023, and closes on May 25, 2023.
| IPO Open Date | Tue, May 23, 2023 |
| IPO Close Date | Thu, May 25, 2023 |
| Tentative Allotment | Tue, May 30, 2023 |
| Initiation of Refunds | Wed, May 31, 2023 |
| Credit of Shares to Demat | Thu, Jun 1, 2023 |
| Tentative Listing Date | Fri, Jun 2, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, May 25, 2023 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 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 | ||||||
The market capitalization of Vasa Denticity IPO is ₹205.01 Cr.
| KPI | Values |
|---|---|
| ROE | 0.46% |
| ROCE | 0.54% |
| Debt/Equity | 0.24 |
| RoNW | 90.05% |
The Company proposes to utilize the funds which are being raised through the Fresh Issue towards funding the following objects:
[Dilip Davda] The company does marketing and distribution of its own brands manufactured under third-party contracts. Based on its FY23 super earnings, the issue appears aggressively priced. The sustainability of such margins going forward remains a major concern. Well-informed/cash surplus risk seekers may par funds for medium to long-term rewards. Read detail review...
| Listing Date | June 2, 2023 |
| BSE Script Code | |
| NSE Symbol | DENTALKART |
| ISIN | INE0N5801013 |
| Final Issue Price | ₹128 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹128.00 |
| Open | ₹211.00 |
| Low | ₹211.00 |
| High | ₹221.55 |
| Last Trade | ₹221.55 |
Vasa Denticity Ltd.
Khasra No. 714,
Village,
P.O. Chattarpur,
South Delhi, New Delhi, 110074
Phone: +91 85273 60456
Email: cs@dentalkart.com
Website: http://www.dentalkart.com/
MAS Services Ltd.
Phone: (011) 2610 4142
Email: info@masserv.com
Website: https://www.masserv.com/opt.asp
Vasa Denticity IPO is a SME IPO of 42,24,000 equity shares of the face value of ₹10 aggregating up to ₹54.07 Crores. The issue is priced at ₹128 per share. The minimum order quantity is 1000.
The IPO opens on May 23, 2023, and closes on 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 May 23, 2023 and closes on 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 Thursday, June 1, 2023. Check the Vasa Denticity IPO allotment status.
The Vasa Denticity IPO listing date is on Friday, June 2, 2023.
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