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 ‘Dentalkart.com’. 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 name | Vasa Denticity Limited |
| Sector | Other |
| Industry | Unspecified |
| Company Website | https://www.dentalkart.com/ |
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 date | 23 May 2023 |
| IPO Closing | 25 May 2023 |
| Basis of Allotment | 30 May 2023 |
| Initiation Refund | 31 May 2023 |
| Credit to Demat Account | 01 June 2023 |
| Listing Date | 02 June 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹54.07 Cr – 4,224,000 shares |
| Fresh Issue | 40.63 Cr – 31,74,000 shares |
| Offer for sale | 13.44 Cr – 10,50,000 shares |
| Face value | ₹10 per share |
| Price Band | ₹121 to ₹128 per share |
| Lot size | 1000 Shares |
| Retail Allocation | 35% |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹128,000 |
| Retail (Max) | 1 | 1000 | ₹128,000 |
| HNI (Min) | 2 | 2,000 | ₹256,000 |
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | 9M FY 2023 | |
| Revenue | 3,041.8 | 4,007.1 | 7,692.1 | 8,728.6 |
| Expenses | 3,035.7 | 3,973.5 | 7,179.5 | 8,057.9 |
| Net income | 9.44 | 32.58 | 540.98 | 501.90 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.08 | 0.27 | 4.43 |
| PE ratio | – | – | 27.31 – 28.89 |
| RONW (%) | 34.71 | 54.50 | 90.05 |
| NAV | 0.22 | 0.49 | 4.92 |
| ROCE (%) | 16 | 19 | 62 |
| EBITDA (%) | 0.64 | 1.20 | 7.64 |
| Debt/Equity (%) | 2.37 | 3.30 | 0.54 |
Company Promoters
- Dr. Vikas Agarwal
- Sandeep Aggarwal
- Manish Kumar
- Nakul Varshney
Promoter Holding
| Pre Issue Share Holding | 95% |
| Post Issue Share Holding | – |
Lead Manager(s)
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown,
Senapati Bapat Marg, Elphinstone Road,
Lower Parel, Mumbai-400013, Maharashtra
Phone: +91- 022- 49060000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com
IPO Registrar
MAS SERVICES LIMITED
T-34, 2nd Floor, Okhla Industrial Area,
Phase – II, New Delhi -110 020
Telephone: +91-11-2638 7281/82/83
Email: info@masserv.com
Website: www.masserv.com
Contact Details
VASA DENTICITY LIMITED
Khasra No. 714, Village, P.O. Chattarpur,
South Delhi-110074, Delhi, India
Phone: +91 85273 60456
E-mail: cs@dentalkart.com
Website: www.dentalkart.com
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
