Vasa Denticity IPO

Vasa Denticity IPO will open for subscription from 23 May 2023. the company aims for an issue size of ₹54.07 Cr through this IPO.

About Company

Incorporated in 2016, Vasa Denticity is in the business of 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 ‘’. The same is operated through its website and mobile application ‘Dentalkart’.

The company operates an online channel housing approximately 300 domestic and international brands with a comprehensive product range of more than 10,000 dental products. In FY 2021-22, it delivered over 2 lakhs orders in all 28 states and 6 Union Territories of India. Vasa Denticity operates through a centralized distribution hub of 13000 sq. ft located in Gurugram, India.

The company also has a portfolio of more than 30 owned brands, which are manufactured/procured from third parties based on the specifications built by it through dedicated research and development team.

Basic details about the company

Full nameVasa Denticity Limited
Company Website

The Objective of the Issue

  • To Meet Working Capital Requirements;
  • Expenditure to enhance the visibility and awareness of the brands
  • General Corporate Purposes;
  • To meet Offer Expenses.

IPO Timetable

IPO Opening date23 May 2023
IPO Closing25 May 2023
Basis of Allotment30 May 2023
Initiation Refund31 May 2023
Credit to Demat Account01 June 2023
Listing Date02 June 2023

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹54.07 Cr – 4,224,000 shares
Fresh Issue40.63 Cr – 31,74,000 shares
Offer for sale13.44 Cr – 10,50,000 shares
Face value₹10 per share
Price Band₹121 to ₹128 per share
Lot size1000 Shares
Retail Allocation35%
Listing ExchangeNSE SME

IPO Lot Size

Retail (Min)11000₹128,000
Retail (Max)11000₹128,000
HNI (Min)22,000₹256,000

Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Financial Performance

 FY 2020FY 2021FY 20229M FY 2023
Net income9.4432.58540.98501.90
(Amount in ₹ Lakhs)

Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio27.31 – 28.89
RONW (%)34.7154.5090.05
ROCE (%)161962
EBITDA (%)0.641.207.64
Debt/Equity (%)2.373.300.54

Company Promoters

  • Dr. Vikas Agarwal
  • Sandeep Aggarwal
  • Manish Kumar
  • Nakul Varshney

Promoter Holding

Pre Issue Share Holding95%
Post Issue Share Holding

Lead Manager(s)

904, A Wing, Naman Midtown,
Senapati Bapat Marg, Elphinstone Road,
Lower Parel, Mumbai-400013, Maharashtra
+91- 022- 49060000

IPO Registrar

T-34, 2nd Floor, Okhla Industrial Area,
Phase – II, New Delhi -110 020
Telephone: +91-11-2638 7281/82/83

Contact Details

Khasra No. 714, Village, P.O. Chattarpur,
South Delhi-110074, Delhi, India
Phone: +91 85273 60456

Allotment Status

Vasa Denticity IPO allotment status will be available on Mas Services’ website. Click on Mas Services IPO weblink to get allotment status.

Final thoughts

Vasa Denticity IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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