8,562,208 Equity Shares of Vasa Denticity Limited are subject to a Lock-Up Agreement Ending on 10-JUN-2024.
June 10, 2024
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8,562,208 Equity Shares of Vasa Denticity Limited are subject to a Lock-Up Agreement Ending on 10-JUN-2024. These Equity Shares will be under lockup for 378 days starting from 29-MAY-2023 to 10-JUN-2024.
Details:
The minimum Promoter?s contribution has been brought in to the extent of not less than the specified minimum lot and from persons defined as ?Promoter? under the SEBI (ICDR) Regulations. All Equity Shares, which are being locked in are not ineligible for computation of Minimum Promoters Contribution as per Regulation 237 of the SEBI (ICDR) Regulations, 2018 and are being locked in for 3 years as per Regulation 238(a) of the SEBI (ICDR) Regulations, 2018 i.e. for a period of three years from the date of allotment of Equity Shares in this Offer.
The entire pre-Offer shareholding of the Promoters, other than the Minimum Promoters contribution which is locked in for three years, shall be locked in for a period of one year from the date of allotment in this Offer. In terms of Regulation 238(b) and 239 of the SEBI (ICDR) Regulations, 2018, in addition to the Minimum Promoters contribution which is locked in for three years, as specified above, the entire pre-Offer Equity Shares share capital constituting 85,62,208 Equity Shares shall be locked in for a period of one year from the date of allotment of Equity Shares in this Offer.
Vasa Denticity Limited is an India-based company, which is primarily in the business of trading dental products. The Company is engaged in the marketing and distribution 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 its online portal Dentalkart.com. The same is operated through its Website and mobile application Dentalkart. The Company operates an online channel housing approximately 500 domestic and international brands with a comprehensive product range of more than 20,000 products. Its dental consumables include adhesives, filling materials, and impression materials; dental equipments, such as chairs, x-ray machines and autoclaves, and dental instruments, such as forceps, probes and mirrors. The Company also markets and sells under its own private label portfolio of dental products.