Vasa Denticity IPO
Vasa Denticity Subscription Details
- Open Date 23 May
- Close Date 25 May
- Lot Size 1000
- IPO Size ₹ 54.07 Cr
- IPO Price Range ₹ 121 to ₹128 per share
- Min Investment ₹ 121000
- Listing Exchange NSE SME
- Basis of Allotment 30 May
- Refunds 31 May
- Credit to Demat Account 01 Jun
- Listing Date 02 Jun
Vasa Denticity IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 23 May'23 | 0.05 | 0.38 | 2.27 | 1.17 |
| 24 May' 23 | 0.54 | 2.71 | 8.14 | 4.65 |
| 25 May' 23 | 37.26 | 115.13 | 58.07 | 67.99 |
Vasa Denticity IPO Synopsis
Vasa Denticity Limited is in the business of marketing and distribution of a comprehensive portfolio of Dental Products its IPO opens on 23rd May and closes on 25th May.
The issue consists of a fresh issue of 3,174,000 shares. The price band for the issue is fixed at Rs. 121 to Rs. 128 per share. The lot size is set for 1000 shares per lot. The shares will be allotted on the 30th of May and the issue will be listed on the 2nd of June on the stock exchanges.
The book running lead managers to the offer is Hem Securities Ltd
Objective of Vasa Denticity IPO
The Company proposes to utilize the funds which are being raised through the Fresh Issue 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.
About Vasa Denticity
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
Peer Comparison
● Prevest Denpro Ltd
For More Information:
Vasa Denticity IPO GMP
Webstory on Vasa Denticity IPO
Vasa Denticity Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Revenue | 7692.05 | 4007.08 | 3041.80 |
| EBITDA | 588.04 | 48.22 | 19.42 |
| PAT | 540.98 | 32.58 | 9.44 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Total Assets | 1945.91 | 691.05 | 481.78 |
| Share Capital | 20 | 20 | 20 |
| Total Borrowings | 326.29 | 197.24 | 64.57 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 39.65 | (45.71) | 79.87 |
| Net cash from / (used in) investing activities | (57.33) | (128.79) | (41.43) |
| Net cash flow from / (used in) financing activities | 79.14 | 126.24 | (6.47) |
| Net increase (decrease) in cash and cash equivalents | 61.46 | (48.26) | 31.97 |
Vasa Denticity IPO Key Points
-
Strengths
1. A one stop shop for Dental products with a diverse range of products across customer preferences
2. Digital-first omnichannel distribution
3. Efficient distribution Network
4. Founder-led company supported by a professional management team
-
Risks
1. Dependency on commercial relationships with the third-party manufacturers whom the company engage to manufacture its owned brand products
2. Challenges during import registrations of ingredients/ intermediaries in the process of manufacturing
3. Dependency on relationships across multiple channels of sales for its owned brands.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Vasa Denticity IPO FAQs
What is the minimum lot size for the Vasa Denticity IPO?
The minimum lot size for the Vasa Denticity IPO is 1000 shares.
What is the price band of Vasa Denticity IPO?
The price band of Vasa Denticity IPO is Rs. 121 to Rs. 128
When does the Vasa Denticity IPO opens and closes?
The Vasa Denticity IPO opens on May 23, 2023 and closes on May 25, 2023.
What is the size of the Vasa Denticity IPO ?
The IPO comprises of a total issue of equity shares aggregating to ₹54.07 crores.
What is the allotment date of Vasa Denticity IPO?
The allotment date of Vasa Denticity IPO is 30th May 2023.
What is the listing date of Vasa Denticity IPO ?
The listing date of Vasa Denticity IPO is 2nd June 2023.
Who are the book runners for Vasa Denticity IPO?
Hem Securities Ltd is the book runner of Vasa Denticity IPO.
What is the objective of the Vasa Denticity IPO?
The company intends to utilize the net proceeds from the issue towards the funding of 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.
How to apply for the Vasa Denticity IPO?
To apply for the Vasa Denticity IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and price at which you wish to apply for
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
● You will receive a mandate notification to block funds in your UPI app
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