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SME IPO Status: Listed [23rd May 2023 to 25th May 2023]
Vasa Denticity Limited offers a SME IPO issue size of 4,224,000 equity shares. The subscription for this SME IPO is opening from 23 May 2023 to 25 May 2023. The face value is Rs 10 for each share. ANd the issue price band of this SME IPO os ranging from Rs 121 to Rs 128 per share and the lot size is about 1000 shares and its multiple. The company is going to be listed on NSE SME.
Stay updated with us to know more about the Vasa Denticity Limited IPO Review including company overview, financial, live subscription, allotment, GMP, and more.
| SME IPO Issue Opening Date: | 23rd May 2023 |
| SME IPO Issue Closing Date: | 25th May 2023 |
| SME IPO Issue Price: | ₹121-128 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹54.07 Cr |
| Offer for Sale: | ₹13.44 Cr |
| Fresh Issue: | ₹40.63 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 95.00% |
| Promoter Holding Post IPO: | 69.62% |
| Allotment Status: | Allotment Status |
| NSE Code: | DENTALKART |
Get important updates regarding Vasa Denticity SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 30th May 2023 |
| Refunds Initiation* | 31st May 2023 |
| Credit of Shares to Demat* | 1st Jun 2023 |
| SME IPO Listing Date* | 2nd Jun 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹121-128 |
| Market Lot: | 1000 Shares |
| 1 Lot Amount: | ₹128000 |
| Min HNI Lots: | 2000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 02-06-2023 | 128 | 53 | 62000 | ₹181 (41.41%) | 2-Jun-2023 9:00 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Vasa Denticity Limited was incorporated in 2016. They are in the business of marketing and distributing of a comprehensive portfolio of dental products including consumables, instruments, equipment, and accessories for diagnosing, treating and preventing dental conditions as well as improving the aesthetics of the human smile through their online portal “Dentalkart.com”. The same is operated through their website and mobile application “Dentalkart”.
Through their website and mobile application - “Dentalkart.com”, they sell a broad range of dental products including dental consumables such as adhesives, filling materials, and impression materials; dental equipment such as chairs, x-ray machines, and autoclaves; and dental instruments such as forceps, probes, and mirrors. Apart from third-party brands, they also market and sell under their own private label portfolio of cost-effective, high-quality dental products in the areas of orthodontics, endodontics and oral surgery such as Metal Bracket Kit, EDTA (Ethylenediaminetetraacetic acid), dental instrument etc. The breadth and depth of their product offerings address the majority of dentists’ clinical needs for dental materials.
They also have a portfolio of more than 30 owned brands, which are manufactured/procured from third parties based on the specifications built by us through its dedicated research and development team. For sourced products, they have a dedicated team to undertake inspection and ensure that such products are built to suit their specifications in terms of design and quality. Their owned brands are available on their online channels, as well as on third-party platforms such as Amazon and Flipkart. They also provide after-sales service in relation to their products.
| Incorporation | Sector | IPO Issue Size | Website |
| 2016 | Dental Service | ₹54.07 Cr | http://www.dentalkart.com/ |
The Company proposes to utilize the funds which are being raised through the Fresh Issue towards funding the following objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 802,000 (26.52%) | 818,000 (27.05%) | 1,404,000 (46.43%) | 3,024,000 | |
| 1 | 23rd May 2023 19:31 | 0.05x | 0.38x | 2.28x | 1.17x |
| 2 | 24th May 2023 19:31 | 0.54x | 2.71x | 8.22x | 4.69x |
| 3 | 25th May 2023 19:31 | 37.26x | 115.13x | 58.07x | 67.99x |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 481.78 | 3,045.13 | 9.44 | 27.20 | 7.20 | 64.57 |
| 31-Mar-21 | 691.05 | 4,017.72 | 32.58 | 59.78 | 39.78 | 197.24 |
| 31-Mar-22 | 1,945.91 | 7,714.08 | 540.98 | 600.76 | 580.76 | 326.29 |
| 31-Dec-22 | 2,695.18 | 8,757.11 | 501.90 | 1,102.66 | 1,082.66 | 266.31 |
| Amount in ? Lakhs | ||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Vasa Denticity Limited | 4.43 | 4.43 | 90.05 | |||
| Prevest Denpro Ltd | 9.64 | 9.64 | 34.02 | 20.26 |
Last Updated on 05-Jun-2023 21:30:08
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Vasa Denticity SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Vasa Denticity SME IPO with Zerodha.
Alternate approch to apply in Vasa Denticity SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Vasa Denticity SME IPO Review and Important Updates
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To subscribe or apply in Vasa Denticity SME IPO, you can use the following methods:
| Vasa Denticity SME IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Vasa Denticity SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Vasa Denticity SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Vasa Denticity SME IPO. Most of the Syndicate Banks provide access to apply in Vasa Denticity IPO via ASBA process. You must have your net banking access, DP ID information to apply in Vasa Denticity SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Vasa Denticity SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Vasa Denticity SME IPO Review and Important Updates
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Vasa Denticity SME IPO is going to be list on 02-06-2023. NSE Code for Vasa Denticity is DENTALKART. BSE Code for Vasa Denticity is .
Other relevant questions:
When Vasa Denticity SME IPO will be listing? Vasa Denticity SME IPO NSE listing date?Vasa Denticity SME IPO date of listing.Vasa Denticity SME IPO BSE listing date?
Vasa Denticity SME IPO Allotment Date is 30-05-2023.
Other relevant questions:
Vasa Denticity SME IPO share allotment date?Vasa Denticity SME IPO allotment date?
