Vasa Denticity IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The Vasa Denticity IPO will open on May 23 and close on May 25, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 54.07 crores through this public offering, consisting of 42.24 lakhs shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 121 to ₹ 128 per share.
Vasa Denticity Limited (“the Company”)
Vasa Denticity Limited was incorporated in 2016. The company is marketing and distributing 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 its online portal “Dentalkart.com”. The same is operated through its website and mobile application “Dentalkart”. The company operates an online channel that houses approximately 300 domestic and international brands with a comprehensive product range of more than 10,000 dental products. In FY 2021–22, they delivered over 2 lakh orders in all 28 states and 6 Union Territories of India.
The company also has a portfolio of more than 30 owned brands, which are manufactured or procured from third parties based on the specifications built by the company through its dedicated research and development team. Company-owned brands are available on its online channel as well as on third-party platforms such as Amazon and Flipkart.
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
- To meet working capital requirements,
- Expenditure to enhance visibility and awareness of the brands
- General corporate purposes;
- To meet offer expenses.
Financial Highlights (Restated)
| Particulars | The period ended on 31st Dec. 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 1,103 | 601 | 60 | 27 |
| Total Assets | 2,695 | 1,946 | 691 | 482 |
| Total Borrowings | 266 | 326 | 197 | 65 |
| Total Revenue | 8,757 | 7,714 | 4,018 | 3,045 |
| Profit After Tax | 502 | 541 | 33 | 9 |
IPO details
| Issue Type | Book built issue IPO |
| IPO Price | ₹ 121 to ₹ 128 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 1000 Shares |
| Issue Size | 4,224,000 shares (aggregating up to ₹ 54.07 crores) |
| Fresh Issue | 3,174,000 shares (aggregating up to ₹ [.] crores) |
| Offer for Sale | 1,050,000 shares (aggregating up to ₹ [.] crores) |
| QIB Shares Offered | Not more than 50% of the net issue |
| NII (HNI) Shares Offered | Not less than 15% of the net issue |
| Retail Shares Offered | Not less than 35% of the net issue |
| Market Maker portion | 216,000 shares |
| Listing At | NSE SME |
| Company Promoters | Dr Vikas Agarwal, Sandeep Aggarwal, Manish Kumar and Nakul Varshney |
GMP: Vasa Denticity IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Vasa Denticity IPO
The issue opens for subscription on May 23, 2023, and closes for subscription on May 25, 2023 (both days inclusive). The basis of allotment will be finalised on May 30th, 2023, and the refunds will be initiated on May 31, 2023. In addition, the demat credits are expected to happen on June 1, 2023, and the stock will list on June 2, 2023, on the NSE SME. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day (May 25, 2023).
| Opening Date | May 23, 2023 |
| Closing Date | May 25, 2023 |
| Basis of Allotment | May 30, 2023 |
| Initiation of Refunds | May 31, 2023 |
| A credit of shares to Demat A/c | June 1, 2023 |
| Listing Date | June 2, 2023 |
Lot Size
The lot size of the Vasa Denticity IPO is 1,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 1,000 shares of ₹ 128,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 1,000 | ₹ 128,000 |
| Retail (Maximum) | 1 | 1,000 | ₹ 128,000 |
| HNI (Minimum) | 2 | 2,000 | ₹ 246,000 |
Promoters Holdings
| Pre-issue Shares Holdings | 99.00% |
| Post-issue Shares Holdings | – |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | Vasa Denticity Limited Khasra No. 714, Village, P.O. Chattarpur, South Delhi-110074 Phone: +91 85273 60456 Email: [email protected] Website: http://www.dentalkart.com/ |
| IPO Registrar | Mas Services Limited Phone: (011) 2610 4142 Email: [email protected] Website: http://www.masserv.com |
| IPO Lead Manager(s) | Hem Securities Limited |
FAQ’s
When will the Vasa Denticity IPO allotment be available?
The finalisation of the basis of allotment for the Vasa Denticity IPO will be done on May 30, 2023, and the allotted shares will be credited to your demat account by June 1, 2023. Check the Vasa Denticity IPO allotment status.
When will Vasa Denticity IPO list on exchanges?
The Vasa Denticity IPO shares listing date is June 2, 2023.
How many Vasa Denticity IPO Offer shares are reserved for HNIs and retail investors?
The investors’ portion for QIB is 50% of the Net Issue, NII (HNI) is 15% of the net issue, and Retail is 35%.
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