Business News/ Markets / Ipo/  Vasa Denticity IPO opens next week. GMP, date, price, other details. Apply or avoid?

Vasa Denticity IPO: The Initial Public Offering of Vasa Denticity Limited is going to hit primary market on 23rd May 2023 i.e. on Tuesday next week. The NSE SME IPO will remain open for subscription till 25th May 2023. The company management has fixed Vasa Denticity IPO price at 121 to 128 per equity share. Meanwhile, ahead of public issue opening, grey market has gone bullish on the SME IPO. According to market observers, Vasa Denticity IPO GMP (grey market premium) today is 40.

Here we list out important Vasa Denticity IPO details in 10 points:

1] Vasa Denticity IPO GMP today: Shares of Vasa Denticity Limited are available at a premium of 40 per share in grey market today, say market observers.

2] Vasa Denticity IPO date: The public issue will open for bidding on 23rd May and it will remain open for subscription till 25th May 2023.

3] Vasa Denticity IPO price: The company promoters have fixed Vasa Denticity IPO price band at 121 to 128 per equity share.

4] Vasa Denticity IPO lot size: A retail bidder will be able to apply in lots and one lot of the NSE SME IPO will comprise 1000 company shares.

5] Vasa Denticity IPO size: The dental company aims to raise 54.07 crore from this public offer.

6] Vasa Denticity IPO investment limit: As one lot of the IPO comprises 1000 company shares, a retail investor requires 1.28 ( 128 x 1000) lakh to apply for this IPO.

7] Vasa Denticity IPO allotment date: The likely date for share allocation is 30th May 2023.

8] Vasa Denticity IPO listing: The IPO is proposed for listing on NSE SME exchange and the likely date for share listing is 2nd June 2023.

9] Vasa Denticity IPO registrar: Mas Services Limited has been appointed as official registrar of the IPO.

10] Vasa Denticity IPO review: Giving ‘subscribe’ tag to this NSE SME IPO, Avinash Gorakshkar, Head of Research at Profitmart Securities said, “We believe that the dental business opportunity in India is promising & with the strong promoter background (with the promoter being a dentist itself Dr Vikas Agarwal) this will benefit the company significantly in the long term apart from the fact that DentalKart already a large customer base which further adds credibility to this business model. Hence, we suggest a Subscribe to this SME IPO offer with a long term time frame."

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.

Asit Manohar
Chief Content Producer at Live Mint Digital Team
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Updated: 20 May 2023, 03:06 PM IST
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