Vasa Denticity IPO

24 May 2023|

1 min read |

by ICICI Securities Team

Vasa Denticity Limited is a online dental supply company that functions through their online portal “Dentalkart.com”. They deal with over 300 domestic and international brands by offering comprehensive product range of more than 10,000 dental products.

Products

Consumables, instruments, equipment, and accessories for diagnosing, treating, and preventing dental conditions

Business Model

Vasa Denticity Limited is a B2B company. They market and distribute products to dentists.

IPO details

IPO Date	May 23, 2023–May 25, 2023
Price	₹121–₹128 per share
Lot Size	1000 Shares

IPO Objective

The Company intends to utilize the Proceeds on:

To meet working capital requirements

To build on brand awareness and visibility

To meet General Corporate purposes

To meet offer expenses

Company Financials

Particulars	For period ended on Dec 31,2022	For year ended March 31, 2022	For year ended March 31, 2021
Net worth (in lakhs)	1102.66	600.76	59.78
Total Borrowings (in lakhs)	266.31	326.29	197.24
Total Revenues (in lakhs)	8757.11	7714.08	4017.72
Basic Earnings per share	4.11	4.43	0.27

Financial Liability

	Outstanding amount as on 31.12.2022 as per Books (In Lakhs)
Secured	138.86
Insecured	127.45

Apart from the stated particulars, the company does not have any Contingent Liabilities as on date of filing the RHP.

Major Business-Related Risk

They have experienced negative cash flows in the past three years and may experience the same in the upcoming years as well.

How to apply for a Quick IPO on ICICIdirect

➢ Select IPO

Go to the IPO section, select the IPO you want to apply from the list and click on ‘Apply’.

➢ Fill in the required details

Fill in the quantity of the number of shares you want to buy. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.

➢ Confirm your request

Click on proceed to confirm the order. You can view the placed order under “order book”. If you are applying using UPI, check the A/C and UPI details before clicking on proceed. You will get an UPI link by which payment can be made.

Disclaimer

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