Prevest Denpro IPO Details
Prevest Denpro IPO description – The company develops, manufactures and markets a comprehensive portfolio of dental materials for diagnosing, treating and preventing dental conditions as well as improving the aesthetics of the human smile. Its product portfolio covers a wide spectrum of materials for endodontics, prosthodontics, orthodontics, periodontics, restorative dentistry, aesthetic dentistry and laboratory consumables.
Apart from India, its products are sold in over 75 countries in the regions of Europe, Asia, South America, Middle East and Africa. In FY2021, Prevest Denpro generated total sales of INR27.44 crore, and 60.2% of it were from markets outside India.
Prevest Denpro’s manufacturing facility is located at Kartholi, Samba (Jammu & Kashmir), comprising of over 27,000 sq. ft. area and has an installed capacity of 200 MT p.a. for manufacturing of dental materials. The company is setting up another manufacturing facility in over 16,000 sq. ft. area adjacent to the existing unit for manufacturing hygiene products (sanitizers and disinfectants), oral hygiene products (mouth washes and mouth rinses), oral care products (medicated ointments, gels and creams for dental treatment) and biomaterials (bone augmentation materials). The proposed facility will be well-equipped with latest machineries and will be commissioned in FY2022.
Promoters of Prevest Denpro – Mr Atul Modi and Mrs Namrata Modi
| Prevest Denpro IPO details | |
| Subscription Dates | 15 – 17 September 2021 |
| Price Band | INR82 – 84 per share |
| Fresh issue | 3,168,000 shares (INR25.98 – 26.61 crore) |
| Offer For Sale | Nil |
| Total IPO size | 3,168,000 shares (INR25.98 – 26.61 crore) |
| Minimum bid (lot size) | 1,600 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | BSE SME platform |
Prevest Denpro Financial Performance (in INR crores)
| FY2019 | FY2020 | FY2021 | ||
| Revenue | 19.77 | 24.56 | 29.51 | |
| Expenses | 16.01 | 18.28 | 20.15 | |
| Net income | 2.99 | 5.01 | 7.44 | |
| Net margin (%) | 15.1 | 20.4 | 25.2 |
Prevest Denpro IPO Allotment Status
Prevest Denpro’ IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Valuation of Prevest Denpro IPO (FY2021)
Earnings Per Share (EPS): INR9.27
Price/Earnings (PE ratio): 9.92
Return on Net Worth (RONW): 16.41%
Net Asset Value (NAV): INR41.43 per share
| Date | Prevest IPO GMP | Kostak | Subject to Sauda |
| 25 September 2021 | INR30 | – | – |
| 24 September 2021 | – | – | – |
| 23 September 2021 | – | – | – |
| 22 September 2021 | – | – | INR18,000 |
| 21 September 2021 | – | – | INR18,000 |
| 20 September 2021 | – | – | INR15,000 |
| 17 September 2021 | – | – | INR6,500 |
| 16 September 2021 | – | – | INR3,500 |
Prevest Denpro IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.92 |
| Day 2 | 5.17 |
| Day 3 | 38.12 |
Prevest Denpro Contact Details
Prevest Denpro Limited
EPIP, Kartholi, Bari Brahmana, Samba 181133, Jammu & Kashmir
Phone: +91 1923-222774
Email: [email protected]
Website: www.prevestdenpro.com
More about Prevest Denpro IPO
Registrar of Prevest Denpro IPO
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis Makwana Road Marol,
Andheri (East), Mumbai – 400059
Phone:Â +91 22 6263 8200
Email:Â [email protected]
Website:Â www.bigshareonline.com
Listing Performance of Prevest Denpro
IPO Opening Date: 15 September 2021
IPO Closing Date: 17 September 2021
Finalisation of Basis of Allotment: 22 September 2021
Initiation of refunds: 23 September 2021
Transfer of shares to demat accounts: 24 September 2021
Listing Date: 27 September 2021
Opening Price on BSE SME: INR180.55 per share (up 114.94% from IPO price)
Closing Price on BSE SME: INR189.55 per share (up 115.65% from IPO price)
