IPO Details
Bidding Dates
23 May '23 - 25 May '23
Minimum Investment
₹128,000 / 1 Lots ( 1000 Shares )
Price Range
₹121 - ₹128
Maximum Investment
₹128,000 / 1 Lots ( 1000 Shares )
Retail Discount
Not Applicable
Issue Size
₹54.07 Cr
Investor category and sub category
Qualified Institutional Investors | Non-Institutional Investors | Retail Individual Investor |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
May 23, 2023
Closing Date
May 25, 2023
Basis of Allotment
May 30, 2023
Initiation of Refunds
May 31, 2023
Credit of Shares to Demat
Jun 1, 2023
Listing Date
Jun 2, 2023
UPI Mandatory Expiry Date
May 25, 2023
Vasa Denticity IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1May 23, 2023 |
0.05 | 0.38 | 2.28 | 1.17 |
Day 2May 24, 2023 |
0.54 | 2.71 | 8.22 | 4.69 |
Day 3May 25, 2023 |
26.66 | 52.16 | 40.26 | 39.87 |
Vasa Denticity IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 26.66 |
| Non-Institutional Buyers | 52.16 |
| Retail Investors | 40.26 |
| Employees | [.] |
| Others | [.] |
| Total | 39.87 |
About Vasa Denticity Limited IPO
The 2016 company is involved in the marketing and distribution of a comprehensive range of dental products, including consumables, equipment, instruments, and accessories for treating and preventing dental issues. The company offers its products through a website called Dentalkart.com, where it sells more than 1,000 products from over 300 domestic and international brands. The online portal is backed by the company’s 13000 square feet centralised distribution hub located in Gurugram.
The company also sells a portfolio of more than 30 own brands. It purchases its products from third-party suppliers based on specifications provided by its R&D team. It aims to cover the demand and supply gaps left in the market.
Vasa Denticity Limited IPO Details
Vasa Denticity IPO combines fresh shares and offer for sale (OFS) equities of 31 lakh and 10 lakh, respectively. The total issue size is Rs. 54.07 crore, containing shares with a face value of Rs. 10.
Retail investors can bid for the offer from May 23 to 25, 2023. The price band is fixed at Rs. 121–128 per share.
Vasa Denticity Limited IPO Objective
The objectives of Crayon Advertising IPO are listed below.
- To enhance brand visibility and awareness
- Meet working capital requirements
- Finance general corporate purposes
- To cover offer expenses
Should you invest in Vasa Denticity Limited?
Here are a few important reasons to consider before investing in the IPO:
- Vasa Denticity has projected itself as a one-stop shop for dental treatment and aesthetic needs.
- The company sells its products through its online portal and third-party e-commerce platforms such as Flipkart and Amazon, expanding its sources of revenue.
- The company has built a digital-first omnichannel distribution network, allowing it to cater to customers across India. In FY22, it fulfilled 2 lakh orders from 61,000 customers through the website.
Competitive Peers
The other player as recognised by the company in DRHP is Prevest Denpro Ltd.
Noteworthy Highlights of Vasa Denticity Ltd.
- The revenue from the sales of the company’s own products has increased from Rs. 3542.96 lakhs in Fy22 to Rs. 4076.71 lakhs in the period ending on December 31, 2022.
IPO Financials
| Particulars | Year ending in December 31, 2022 | Year ending in March 31, 2022 | Year ending in March 31, 2021 |
|---|---|---|---|
| Revenue from Operations | 8728.59 | 7692.05 | 4007.08 |
| Profit After Tax (PAT) | 501.90 | 540.98 | 32.58 |
| PAT Margin | 5.75% | 7.03% | 0.81% |
| EBITDA | 740.43 | 588.04 | 48.22 |
| EBITDA Margin | 8.48% | 7.64% | 1.20% |
| EPS | 4.11 | 4.43 | 0.27 |
| ROE | 45.52% | 90.05% | 54.50% |
Know before investing
Strengths
3-
It's a digital-first company for all types of products used for dental diagnosis, treatment, and prevention.
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It offers a diversified product portfolio of 300+ brands, both domestic and international, and 30+ own brands.
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Led by experienced promoters and a management team.
Risks
3-
The company depends on 3rd parties for manufacturing and supply. Any delay or failure will impact the company’s operations.
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Failure to create more brand awareness and expansion will adversely affect the company’s future revenue.
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If inventory costs increase relative to sales, it can impact the company’s future profitability.
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Vasa Denticity IPO FAQs
The Vasa Denticity IPO contains a combination of fresh issue shares and offer for sale equities. The total IPO size is Rs. 54.07 crore. The offer opens for subscription on May 23, 2023, and closes on May 25, 2023.
The Basis of Allotment will be conducted on May 30, 2023.
The lot size for Vasa Denticity Ltd. is 1000 equity shares for one lot.
The bidding window will open on May 23, 2023.
Retail investors can apply for a minimum of one lot.
Vasa Denticity Ltd. IPO will list on the NSE exchange on June 2, 2023.
It is easy to check the Vasa Denticity Limited IPO allotment status from Angel One’s mobile app by following some simple steps.
- Log in to the Angel One app
- Validate with an OTP.
- Enter your application number, DP ID, and PAN number into the app
- Click on ‘Submit’
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is June 2, 2023, for Vasa Denticity Ltd.
The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
The minimum order size for the Vasa Denticity IPO is 1000 shares per lot.
