Vasa Denticity Limited IPO : Key Information

Vasa Denticity Limited IPO is set to launch on 23 May, 2023. The company initiated its business operations in the year 2016. The company distributes and markets various kinds of Dental Products. Its product portfolio includes instruments, consumables, equipment, accessories for  diagnosing, treating and preventing dental conditions. The company also has its online platform in the name of Dentalkart.com. VASA Denticity operates through 300 domestic and international brands in its product list and this is over 10000 products in total. Its central distribution centre is spread across 13000 sq ft. in Gurugram. Among all the brands that it has in its portfolio, the company owns more than 30 brands. 

Vasa Denticity Limited IPO DETAILS

Vasa Denticity Limited IPO is set to launch on 23 May., 2023. The subscription timeline extends till 25 May, 2023. The size for the IPO is 54.07 Crore Rs. Shares issued through fresh issue mode are worth 54.07 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 1000 shares and the price is 121 to 128 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is MAS Services Limited.

Tabular Description of Vasa Denticity Limited IPO

IPO OPENING DATE	23 May ., 2023
CLOSING DATE FOR IPO	25 May, 2023
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	121 to 128 Rs per share
LOT SIZE	1000 shares
MINIMUM ORDER QUANTITY	1000 shares
ISSUE SIZE	54.07 Crore Rs.
OFFER FOR SALE	No shares are issued through offer for sale mode.
FRESH ISSUE	54.07 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	2 June, 2023

Vasa Denticity Limited IPO : IMPORTANT DATES

IPO OPENING DATE	23 May., 2023
CLOSING DATE FOR IPO	25 May., 2023
IPO ALLOTMENT DATE	30 May., 2023
REFUNDS	31 May., 2023
DEMAT A/C CREDITED ON	1 June., 2023
IPO LISTING DATE	2 June., 2023

Vasa Denticity Limited IPO begins for subscription from 23 May., 2023. The IPO subscription would continue till 25 May., 2023. The allotment status for the shareholders who applied would come on 30 May., 2023. The refunds for the ones who did not get allotment would be initiated on 31 May., 2023. The DEMAT accounts of shareholders would be credited on 1 June., 2023. The listing of the company would be accompanied on 2 June., 2023.

Vasa Denticity Limited IPO : Lead Managers

The lead managers are :

• Hem Securities Limited

The minimum lot size for the company is decided at 1000 shares. This holding accounts to  128000 Rs.. The maximum lot size is decided at 2000 shares (HNI). This amounts to 256000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	1000 shares	128000 Rs.
Maximum	2000 shares	256000 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The Issue proceeds will be utilised for fulfilling the working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2019-20	2020-21	2021-22
ASSETS	481	691	1945
Revenue	3045	4071	7714
PAT	9	32	540

Vasa Denticity Limited had an asset base of 481 Lakh Rs in 2020. This increased to 691 Lakh Rs in 2021 and 1945 Lakh Rs in 2022. The revenue of the firm was 3045 Lakh in 2020, 4071 Lakh Rs in 2021 and 7714 Lakh Rs in 2022. It can be seen that the revenue of the firm is consistently rising with strong figures. The profit of the firm was 9 Lakh Rs in 2020, 32 Lakh Rs in 2021 and 540 Lakh Rs in 2022.

PROS

• The company distributes and markets various kinds of Dental Products. Its product portfolio includes instruments, consumables, equipment, accessories for diagnosing, treating and preventing dental conditions.
• VASA Denticity also has its online platform in the name of Dentalkart.com. The company operates through 300 domestic and international brands in its product list and this is over 10000 products in total.
• Its central distribution centre is spread across 13000 sq ft. in Gurugram. Among all the brands that it has in its portfolio, the company owns more than 30 brands.

CONS

• The company works into a very competitive segment.

Vasa Denticity Limited IPO APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform.
2. Clicking the IPO link present in the Portfolio section.
3. Click the Vasa Denticity Limited IPO button and press the BID button.
4. Entering the details asked for like UPI ID, Quantity and price.
5. Submit the application form for the IPO.
6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.