Prevest Denpro IPO Details

Prevest Denpro IPOPrevest 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
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

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: +91 22 6263 8200
Email: [email protected]
Website: 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: Coming soon
Closing Price on BSE SME: Coming soon

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