Vasa Denticity, which is also known as Dentalkart.com, was set up in August 2016 by Dr Vikas Aggarwal and Sandeep Aggarwal as an online Dental market. It has a wide assortment of 35,000 plus products across 80 plus diverse categories from over 125 regional, national, and international brands with Thousands of users.
Dentalkart is the shopping destination for Dentists across the country. It delivers to 6000+ cities and towns in India.
Most of the products (80%) are imported from China, South Korea and Taiwan. The industry size is about Rs 15 – 20,000 crore.
Vasa Denticity’s initial public offer (IPO) was launched in May 2023 at the price band of ₹121 to ₹128 per share. The public issue opened for bidding on 23rd May 2023 and it remained open for subscribers till 25th May 2023. The IPO was listed on NSE SME exchange on 2nd June 2023 at ₹211 per share.
The stock is presenty quoting at Rs 329 which means that the IPO investors have reaped multibagger gains.
Ashish Kacholia bought 4,39,000 shares of Vasa Denticity on 30th June 2023 at ₹302.59, investing ₹13.28 crore.