Vasa Denticity, incorporated on August 29, 2016, operates in the dental products market. The company specializes in marketing and distributing a wide range of dental products, including consumables, instruments, equipment, and accessories. It offers products for diagnosing, treating, and preventing dental conditions, as well as enhancing the aesthetics of smiles. Vasa Denticity conducts its operations through the online portal "Dentalkart.com".
| Bidding Dates |
|---|
| 23 May 2023 - 25 May 2023 |
| Subscription |
|---|
| 67.99x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,28,000 | 1 | 1 | 1000 | 4.2 M | ₹121 - ₹128 | 73.63 % | ₹511.1 M - ₹540.7 M | RHP DOC |
Vasa Denticity IPO SUBSCRIPTION STATUS
25 May '23Vasa Denticity IPO overall subscription rate was 67.99 times the total available shares
Vasa Denticity IPO retail subscription rate was 77.04 times in the retail segment
Vasa Denticity IPO non-institutional investor subscription rate was 207.63 times in the non-institutional investor category
Vasa Denticity IPO Qualified Institutional Bidder subscription rate was 19.77 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
25 May 2023 (Day 3) | 77.04x | 207.63x | 19.77x |
24 May 2023 (Day 2) | 10.68x | 4.86x | 0.28x |
23 May 2023 (Day 1) | 2.91x | 0.68x | 0.03x |
Vasa Denticity FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MFY23 | 50.2 | 872.9 | 18.9 | 12.8 | 8.5% |
| FY22 | 54.1 | 769.2 | 4.0 | -4.1 | 7.6% |
| FY21 | 3.3 | 400.7 | -4.6 | -6.6 | 1.2% |
| FY20 | 0.9 | 304.2 | 8.0 | 3.8 | 0.6% |
Vasa Denticity IPO SUBSCRIPTION STATUS DETAILS
Vasa Denticity had 4.2 M shares on offer
Vasa Denticity IPO offer price was in the range ₹121 - ₹128
Vasa Denticity IPO minimum Investment was ₹128000
Vasa Denticity IPO issue size was ₹ 511.1 M - ₹ 540.7 M
Vasa Denticity had a minimum lot size of 1000 Shares per application
Vasa Denticity NUMBER OF SHARES ON OFFER
Vasa Denticity IPO IMPORTANT DATES
| Issue Open Date | 23 May 2023 |
| Issue close Date | 25 May 2023 |
| Allotment Date | 30 May 2023 |
| Refund Date | 31 May 2023 |
| Demat Account Credit Date | 01 Jun 2023 |
| Listing Date | 02 Jun 2023 |
| Listing on Exchange(s) | NSE |
| Vasa Denticity Allotment Status | Exchange |
Vasa Denticity IPO subscription opened on 23 May 2023, and closed on 25 May 2023
IPO allotment for Vasa Denticity was finalized on Tuesday, 30 May 2023
IPO listing for Vasa Denticity was on NSE on Friday, 02 Jun 2023
Vasa Denticity IPO LISTING GAINS
| Issue Price (adjusted) | 128.0 |
| Listing Open Price | 211.0 |
| Listing Close Price | 221.6 |
| Listing Gain% | 64.8% |
| Current Gain% | 219.2% |
Vasa Denticity Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vasa Denticity Ltd. | 408.6 | 654.3 | 68.5 | -2.2 | 2.3 | 5.7 | 5 | 283.4 | 12.8 | 9.9 | -41.6 | 6 | -31.3 |
| Poly Medicure Ltd. | 1693.8 | 17168.3 | 54.5 | -4.6 | 8.6 | 10.4 | 8.2 | 1995.3 | 13.4 | 322.1 | -4.8 | 31.1 | -11.9 |
| Medplus Health Services Ltd. | 700.2 | 8412.6 | 40 | 2.2 | 1.2 | 11.1 | 5.6 | 6963.8 | 12.6 | 219.6 | 46.1 | 17.5 | 18 |
| Q-Line Biotech Ltd. | 538.7 | 1256.7 | 22.6 | 22.6 | 10 | 347.4 | 7.7 | 55.7 | 98.1 | 23.9 | |||
| Laxmi Dental Ltd. | 216.1 | 1187.6 | 41 | -4.7 | 4.3 | 11.9 | 9.8 | 286.4 | 18.1 | 29 | -8.8 | 5.3 | -8.8 |
| Nureca Ltd. | 342.6 | 342.6 | 79 | 0 | 2.2 | 1.2 | 1.1 | 155.1 | 27 | 2.1 | 146.1 | 4.3 | 144666.7 |
Vasa Denticity INFORMATION ON IPO ISSUE
About Vasa Denticity
Vasa Denticity, incorporated on August 29, 2016, operates in the dental products market. The company specializes in marketing and distributing a wide range of dental products, including consumables, instruments, equipment, and accessories. It offers products for diagnosing, treating, and preventing dental conditions, as well as enhancing the aesthetics of smiles. Vasa Denticity conducts its operations through the online portal "Dentalkart.com".
Object of the Issue
- To meet working capital requirements
- Expenditure to enhance the visibility and awareness of the brand
- General corporate purposes
- To meet offer expenses
Vasa Denticity - PROMOTERS
| Name |
|---|
| Vikas Agarwal |
| Sandeep Aggarwal |
| Manish Kumar |
| Nakul Varshney |
Vasa Denticity Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
Vasa Denticity Registrar to the Issue
Mass Services Limited
info@masserv.com
Vasa Denticity Strengths
Diverse range of products
The company serves as a comprehensive destination for dental products, offering a diverse range of products to cater to various customer preferences
Digital-first omnichannel distribution
The company's online network enables it to have a presence across multiple touchpoints, ensuring that customers can access its products wherever they prefer to shop
Efficient distribution network
The company operates a centralized distribution network to distribute its products efficiently. It focuses on maintaining optimal inventory levels to meet customer demand, ensuring prompt delivery and complete order fulfilment
Vasa Denticity Risks
Relies on third-party manufacturers
The company relies on third-party manufacturers and suppliers for a significant portion of its products, without long-term contracts or exclusive supply agreements. Any delays or failures by these vendors to deliver products may have a negative impact on the company's business
Relies on digital commerce industry
The company's success relies on the growth of the digital commerce industry in India and its capability to adapt to evolving user behaviour on digital platforms
Highly competitive markets
The company faces intense competition in its markets, and larger competitors with greater scale and resources may have a competitive advantage, potentially leading to a loss of market share and a decline in net revenues and profitability
IPO FAQs
This IPO consists of an offer for sale of up to Rs 13.4 crore, of 1,050,000 shares. It also consists of a fresh issue of Rs 40.6 crore.
The promoters of the company are Vikas Agarwal, Sandeep Aggarwal, Manish Kumar and Nakul Varshney.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 121.0 - 128.0.
The IPO application opens on May 23, 2023 and closes on May 25, 2023.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 128,000.0, the maximum value for this IPO is Rs 128,000.0.
This IPO will be allotted on May 30, 2023.
The refund will be credited to your account on May 31, 2023.
The allotted shares will be credited to your demat on Jun 01, 2023.
Vasa Denticity Ltd.’s shares listed on the stock exchanges on Jun 02, 2023.