Prevest Denpro Limited IPO Detail
Incorporated in 1999, Prevest Denpro manufactures and markets a range of dental materials for diagnosing, treating, and preventing dental conditions and improving the aesthetics of the human smile. The company’s product portfolio includes materials for endodontics, prosthodontics, orthodontics, periodontics, restorative dentistry, aesthetic dentistry, and laboratory consumables.
The company's products are sold in around 75 countries and in F.Y. 2020-21, 60.24% of the company’s sales were from markets outside India. The company’s manufacturing facility is located at Kartholi, Samba (Jammu & Kashmir), comprising of over 27,000 sq. ft. area and an installed capacity of 200 MT p.a. for manufacturing of dental materials. The company is also adding another manufacturing facility adjacent to their current manufacturing plant in over 16,000 sq. ft. mainly for producing hygiene, oral care, and bio-materials products.Competitive strengths
- Wide sales and distribution network.
- Comprehensive product portfolio of over 100 dental products.
- Experienced management with strong domain knowledge.
- Track record of robust financial performance.
- Collaboration with reputed dental universities and institutions for technical knowledge and & research.
Company Promoters
IPO Details
| IPO Opening Date | Sep 15, 2021 |
| IPO Closing Date | Sep 17, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹82 - 84 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | BSE SME |
| Issue Size | ₹26.61 Cr |
| Fresh Issue | ₹26.61 Cr |
| Offer for Sale | - |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.50x | - | - | 0.63x | 1.33x | 0.92x |
| Day 2 | 1.96x | - | - | 3.58x | 7.93x | 5.17x |
| Day 3 | 5.78x | - | - | 78.98x | 32.87x | 38.12x |
IPO Tentative Timetable
The Prevest Denpro Limited IPO open date is Sep 15, 2021, and the close date is Sep 17, 2021. The issue may list on Sep 27, 2021.
| IPO Open Date | Sep 15, 2021 |
| IPO Close Date | Sep 17, 2021 |
| Basis of Allotment Date | Sep 22, 2021 |
| Initiation of Refunds | Sep 23, 2021 |
| Credit of Shares to Demat Account | Sep 24, 2021 |
| IPO Listing Date | Sep 27, 2021 |
IPO Lot Size
The Prevest Denpro Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹134400).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹134400 |
| Maximum | 1 | 1600 | ₹134400 |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 30.70 | 29.52 | 7.44 |
| 31-Mar-20 | 21.08 | 24.56 | 5.01 |
| 31-Mar-19 | 15.35 | 19.78 | 2.99 |
Objects of the Issue:
The net proceed from the IPO will be utilized towards the following purposes;
- Purchase of machineries, equipment’s, and utilities for manufacturing of proposed additional line of products, R&D unit, and existing manufacturing operations.
- General Corporate Purpose.
- To meet issue expenses.
