Vasa Denticity IPO Particulars & Guidance at Chanakyanipothi.com,
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Vasa Denticity IPO

Vasa Denticity IPO Review:
The company is business of marketing and distribution of a comprehensive portfolio of dental products including consumables, instruments, equipment, and accessories through its online portal “Dentalkart.com”. In the year previous to the IPO, the company has shown good profits and considering the said profits, the pricing appears to be reasonable. The lead manager is known for positive listings.  Grey market shows strong fancy. Small applications may be made.

 

What is the GMP of Vasa Denticity IPO?
Prior to listing
GMP:  Rs. 48
Kostak Rs. 900
Allotted Applications Rs. 48000/50000
Listed at Rs. 211

Vasa Denticity IPO Subscription Status
On 25 May 2023 @ 5.00 (Closed)
QIB:     802000   Shares 37.26 T
NII:      818000   Shares 115.13 T
RII:      1404000  Shares 58.07T
Total:   3024000 Shares 67.99 T

Vasa Denticity IPO Particulars & Guidance:
About the business

Vasa Denticity is in the business of marketing and distribution of 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 our website and mobile application “Dentalkart”. It operates an online channel housing approximately 300 domestic and international brands with a comprehensive product range of more than 10,000 dental products. In F.Y. 2021-22, it has delivered over 2 lakhs orders in all the 28 states and 6 Union Territories of India.
The Company operates through a centralized distribution hub of 13000 sq. ft located in Gurugram, India. Through its website and mobile application – “Dentalkart.com”, it sells a broad range of dental products including dental consumables such as adhesives, filling materials, and impression materials; dental equipment such as chairs, x-ray machines, and autoclaves; and dental instruments such as forceps, probes, and mirrors.

Apart from third party brands, it also markets and sells under its own private label portfolio of cost-effective, high-quality dental products in the areas of orthodontics, endodontics and oral surgery such as Metal Bracket Kit, EDTA (Ethylenediaminetetraacetic acid), dental enstrument etc.

The breadth and depth of its products offerings address majority of the dentists’ clinical needs for dental materials.It also has a portfolio of more than 30 owned brands, which are manufactured/procured from third parties based on the specifications built by us through its dedicated research and development team. For sourced products, it has dedicated team to undertake inspection and ensure that such products are built to suit its specifications in terms of design and quality. Its owned brands are available on its online channels, as well as at third party platforms such as Amazon and Flipkart. It also provides after sales service in relation to its products. It is accomplished to deliver the products across India and overseas with the help of its dedicated fulfillment center in Gurugram and third-party logistics services.

Get more information about the company @ http://www.dentalkart.com/

Vasa Denticity IPO Details
IPO opens on Tentative 23 May 2023
IPO closes on  25 May 2023
Issue Type Book Built Issue IPO
Issue Size 4224000 Sh /Rs 54.07Cr
* Fresh Issue 3174000 Sh /Rs 40.63 Cr
* Offer for Sale  1050000 Sh /Rs 13.44 Cr
   
Face Value per share: Rs. 10
   
Price Band Rs.121-128
Employee discount  Rs. 0 per share
Retail Lot Size  1000 Shares
Listing will at  NSE SME
Shares offered to
  Shares Rs. (Cr)
QIB (50%) 2112000 27.03
NII  (15%) 633600 08.12
RII  (35%) 1478400 18.92
Total Shares  4224000 54.07
Retail portion will be oversubscribed by  4224
Forms
How much Shares to Apply in Vasa Denticity IPO?
Min Retail Application 1000 Sh Rs. 128000
Min HNI Application  2000 Sh Rs. 256000

Who are the Promoters of Vasa Denticity IPO?
Dr. Vikas Agarwal, Sandeep Aggarwal, Manish Kumar and Nakul Varshney

What are the Objects of Vasa Denticity IPO?
The Company proposes to utilize the Net Proceeds from the Issue
1.To Meet Working Capital Requirements
2.Expenditure to enhance visibility and awareness of the brands

IPO Tentative timetable
IPO opens on 23 May 2023
IPO Closes on 25 May 2023
IPO Allotment on  30 May 2023
Unblocking of ASBA  31 May 2023
Credit of Shares 1 June 2023
Listing on 2 June 2023
Registered Office of the Company
Khasra No. 714, Village,
P.O. Chattarpur,
South Delhi-110074
 Who are the Lead Managers of Vasa Denticity IPO?
Hem Securities Limited.
Who is the Registrar to IPO?
Mas Services Limited
IPO Financial & Analytical Ratios
Year Total Income Net Profit EPS RoNW
  Rs.in Cr Rs.in Cr Rs. %
2019-20 30.45 0.09 0.08 34.71
2020-21 40.18 0.33 0.27 54.50
2021-22  77.14 5.41 4.43 90.05
Book Value of the Share on 31.03.2022 Rs.4.92    
Book Value of the Share after the IPO Rs.33.81    
Offer Price   Rs. 128    
Vasa Denticity IPO
Key Performance indicators
Upper Price/last EPS 23.66
Upper price/BV Ratio 26
Upper price/BV after IPO  3.79

IPO Particulars & Guidance
Peer Comparison: 

As on date of DRHP FV Total  PE
  Rs. Income Ratio of
    Rs. In Cr  
The IPO Company 10 76.92 23.66
Prevest Dentpro 10 39.73 34.92
       

 

 

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