Vasa Denticity Limited, a company incorporated in 2016, is known for marketing and distributing an extensive portfolio of dental products.
Company Background
Vasa Denticity’s product suite includes consumables, instruments, equipment, and accessories for diagnosing, treating, and preventing dental conditions. The company operates its services through the online portal, “Dentalkart.com”, and a corresponding mobile application named “Dentalkart”.
Their offerings extend to over 300 domestic and international brands with a product range exceeding 10,000 dental products. This makes Vasa Denticity a one-stop solution for customers spread across different regions. The company operates from a centralized distribution hub of 13000 sq. ft in Gurugram, India.
Vasa Denticity proudly holds a portfolio of over 30 owned brands, all manufactured or procured from third parties according to specifications created by their dedicated research and development team.
Vasa Denticity IPO Details
The IPO (Initial Public Offering) of Vasa Denticity is set to launch from May 23, 2023, to May 25, 2023. Here are some key details:
- Face Value: ₹10 per share
- Price: ₹121 to ₹128 per share
- Lot Size: 1000 Shares
- Total Issue Size: 4,224,000 shares, aggregating up to ₹54.07 Cr
- Fresh Issue: 3,174,000 shares
- Offer for Sale: 1,050,000 shares of ₹10
- Issue Type: Book Built Issue IPO
- Listing At: NSE SME
Vasa Denticity IPO Timetable
The IPO will officially open on Tuesday, May 23, 2023, and will close on Thursday, May 25, 2023. The tentative listing date is Friday, June 2, 2023.
IPO Reservation
The IPO reservation is distributed as follows:
- QIB Shares Offered: 802,000 (26.52%)
- NII (HNI) Shares Offered: 818,000 (27.05%)
- Retail Shares Offered: 1,404,000 (46.43%)
Promoter Holding
The promoters of the company are Dr. Vikas Agarwal, Sandeep Aggarwal, Manish Kumar, and Nakul Varshney. The pre-issue share holding stands at 95.00%, with a post-issue share holding of 69.62%.
Financials and Key Performance Indicators
Vasa Denticity showed a progressive growth in total assets and total revenue, from ₹481.78 Lakhs and ₹3,045.13 Lakhs in 2020 to ₹2,695.18 Lakhs and ₹8,757.11 Lakhs by December 2022, respectively.
Key Performance Indicators include:
- P/E (x): 30.62
- Market Cap (₹ Cr.): 205.01
- Debt/Equity: 0.24
- EPS (Rs): 4.43
- RoNW (%): 90.05
Purpose of the Issue
The funds raised through this IPO will be used towards:
- Meeting Working Capital Requirements
- Expenditure to enhance visibility and brand awareness
- General Corporate Purposes
- Meeting Offer Expenses
In conclusion, the Vasa Denticity Limited IPO provides a promising opportunity for investors seeking to invest in the dental industry. With its diverse range of products and substantial growth, the company stands as a notable player in the market.