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Vasa Denticity IPO GMP, Price, Dates & Allotment Details 2023

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:

  1. To meet working capital requirements,
  2. Expenditure to enhance visibility and awareness of the brands
  3. General corporate purposes;
  4. To meet offer expenses.

Financial Highlights (Restated)

ParticularsThe period ended on 31st Dec. 2022FY 2021-22FY 2020-21FY 2019-20
Net Worth1,1036016027
Total Assets2,6951,946691482
Total Borrowings26632619765
Total Revenue8,7577,7144,0183,045
Profit After Tax502541339
(Amount in ₹ Lakhs)

IPO details

Issue TypeBook built issue IPO
IPO Price₹ 121 to ₹ 128 per share
Face Value₹ 10 per share
Market Lot1000 Shares
Issue Size4,224,000 shares (aggregating up to ₹ 54.07 crores)
Fresh Issue3,174,000 shares (aggregating up to ₹ [.] crores)
Offer for Sale1,050,000 shares (aggregating up to ₹ [.] crores)
QIB Shares OfferedNot more than 50% of the net issue
NII (HNI) Shares OfferedNot less than 15% of the net issue
Retail Shares OfferedNot less than 35% of the net issue
Market Maker portion216,000 shares
Listing AtNSE SME
Company PromotersDr 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 DateMay 23, 2023
Closing DateMay 25, 2023
Basis of AllotmentMay 30, 2023
Initiation of RefundsMay 31, 2023
A credit of shares to Demat A/cJune 1, 2023
Listing DateJune 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.

ApplicationsLotsSharesAmount
Retail (Minimum)11,000₹ 128,000
Retail (Maximum)11,000₹ 128,000
HNI (Minimum)22,000₹ 246,000

Promoters Holdings 

Pre-issue Shares Holdings99.00%
Post-issue Shares Holdings

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationVasa 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 RegistrarMas Services Limited
Phone: (011) 2610 4142
Email: [email protected]
Website: http://www.masserv.com
IPO Lead Manager(s)Hem Securities Limited

FAQ’s

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.

The Vasa Denticity IPO shares listing date is June 2, 2023.

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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