Vasa Denticity Limited, a marketing and distribution company, is all set to launch an initial public offering (IPO) from May 23rd to May 25th, 2023. The company is planning to raise a capital of Rs 54.07 crores through this issue. Equity shares of face value Rs 10 will be issued at a price of Rs 121-128 in this issue. Let’s have a close look at the further details of Vasa Denticity IPO.
Vasa Denticity Limited
Vasa Denticity is a leading provider of dental products, offering a wide range of consumables, instruments, equipment, and accessories for the diagnosis, treatment, and prevention of dental conditions. Their commitment to enhancing the aesthetics of smiles is exemplified through their online portal, Dentalkart.com. Operating under the name “Dentalkart,” they also provide seamless services through a dedicated website and mobile application.
With over 300 domestic and international brands and a vast product inventory of more than 10,000 dental items, Vasa Denticity serves as a comprehensive one-stop solution for customers worldwide. Their centralized distribution hub spanning 13,000 sq. ft in Gurugram, India ensures efficient delivery. Additionally, Vasa Denticity boasts a portfolio of 30+ owned brands, manufactured or sourced from third parties based on their meticulous research and development.
Vasa Denticity IPO Details
| Issue Type | Book Built Issue IPO |
| Issue Opens | 23rd May 2023 |
| Issue Closes | 25th May 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 121-128 Per Share |
| Issue Size | 4,224,000 shares (₹54.07 Cr) |
| Minimum Order Quantity | 1,000 Shares |
| Listing | NSE SME |
Objects of the IPO Issue
The proceeds from the Issue will be used by the Company for the following purposes:
- To Meet Working Capital Requirements;
- Expenditure to enhance visibility and awareness of the brands
- General Corporate Purposes;
- To meet Offer Expenses.
Vasa Denticity Limited — Company Contact Details
Vasa Denticity Limited, Khasra No. 714, Village,, P.O. Chattarpur, South Delhi-110074
Phone: +91 85273 60456
Email: cs@dentalkart.com
Website: http://www.dentalkart.com/
Vasa DentKart IPO – Lead Manager of the Issue
Hem Securities Limited
Vasa Denticity IPO – Registrar of the Issue
MAAS Services Limited
Phone: (011) 2610 4142
Email: info@masserv.com
Website: http://www.masserv.com
Issue Prospectus
Click here to read the Prospectus of this IPO Issue.
Disclaimer: This post is just information about the issue. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.
