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


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


  1. It's a digital-first company for all types of products used for dental diagnosis, treatment, and prevention.

  2. It offers a diversified product portfolio of 300+ brands, both domestic and international, and 30+ own brands.

  3. Led by experienced promoters and a management team.


  1. The company depends on 3rd parties for manufacturing and supply. Any delay or failure will impact the company’s operations.

  2. Failure to create more brand awareness and expansion will adversely affect the company’s future revenue.

  3. If inventory costs increase relative to sales, it can impact the company’s future profitability.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Vasa Denticity IPO FAQs

What is Vasa Denticity Limited's IPO?

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.

When will Vasa Denticity Limited's IPO allotment be available?

The Basis of Allotment will be conducted on May 30, 2023.

What will be Vasa Denticity Limited's IPO lot size?

The lot size for Vasa Denticity Ltd. is 1000 equity shares for one lot.

When will Vasa Denticity Limited 's IPO open for subscription?

The bidding window will open on May 23, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will Vasa Denticity Limited list on exchanges?

Vasa Denticity Ltd. IPO will list on the NSE exchange on June 2, 2023.

How do I check the allotment status of the Vasa Denticity Limited IPO?

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’

What would be the listing gains on the Vasa Denticity Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is June 2, 2023, for Vasa Denticity Ltd.

I have finished the application process for the Vasa Denticity Limited IPO, but the funds are not yet debited. What is the reason?

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.

How do I approve the UPI mandate request for Vasa Denticity Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Vasa Denticity Limited using one PAN?

You can submit only one application using your PAN card.

What is the minimum order quantity for the Vasa Denticity Limited IPO?

The minimum order size for the Vasa Denticity IPO is 1000 shares per lot.