Chittorgarh.com Logo
Loading...

Prevest Denpro Limited IPO (Prevest Denpro IPO) Detail

Sep 15, 2021 - Sep 17, 2021

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 Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lakhs)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 3,069.97 2,107.86 1,534.48
Total Revenue 2,951.35 2,455.97 1,977.08
Profit After Tax 743.96 500.87 299.38

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.

Prevest Denpro IPO Details

Prevest Denpro IPO Date Sep 15, 2021 to Sep 17, 2021
Prevest Denpro IPO Face Value ₹10 per share
Prevest Denpro IPO Price ₹82 to ₹84 per share
Prevest Denpro IPO Lot Size 1600 Shares
Issue Size2,265,600 shares of ₹10
(aggregating up to ₹26.61 Cr)
Fresh Issue3,168,000 shares of ₹10
(aggregating up to ₹26.61 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME

Prevest Denpro IPO Timeline (Tentative Timetable)

Prevest Denpro IPO opens on Sep 15, 2021, and closes on Sep 17, 2021. The Prevest Denpro IPO bid date is from Sep 15, 2021 10.00 A.M. to Sep 17, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Prevest Denpro IPO Opening Date Sep 15, 2021
Prevest Denpro IPO Closing Date Sep 17, 2021
Basis of Allotment Sep 22, 2021
Initiation of Refunds Sep 23, 2021
Credit of Shares to Demat Sep 24, 2021
Prevest Denpro IPO Listing Date Sep 27, 2021

Prevest Denpro IPO Lot Size

The Prevest Denpro IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹134,400).

Application Lots Shares Amount
Minimum 1 1600 ₹134,400
Maximum 1 1600 ₹134,400

Prevest Denpro IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 73.61%

Prevest Denpro IPO Review

Based on its super earning in a pandemic IPO pricing appears reasonable, but also raises eyebrows for such earnings as the world economy came to standstill for few months in FY21. The sustainability of higher margins going forward raises concern. Compare with an MNC with no match appears an eyewash for investors to lure them for the investment. Risk seeker/cash surplus investors may consider an investment. Read detail review...

New Prevest Denpro IPO Recommendation by Members

Prevest Denpro IPO Recommendations Details | Post Recommendation | Manage Recommendations

Subscribe Neutral Avoid
0 0 0

No Record Found.


Prevest Denpro IPO Subscription Status (Bidding Detail)

The Prevest Denpro IPO is subscribed 38.12 times on Sep 17, 2021 6:52:00 AM. The public issue subscribed 32.87 times in the retail category, 5.78 times in the QIB category, and 78.98 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB5.78
NII78.98
Retail32.87
Total38.12

Prevest Denpro IPO Prospectus

Prevest Denpro IPO Rating

174
3.9
Rating:Rated 3.9 stars
Vote Here ...

Prevest Denpro IPO Listing Date

Listing Date Monday, September 27, 2021
BSE Script Code 543363
NSE Symbol
Listing In MT Group of Securities
ISIN INE0GAO01018
IPO Price ₹84 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹84.00
₹180.55
₹180.55
₹189.55
₹189.55

Company Contact Information

Prevest Denpro Limited
EPIP, Kartholi
Bari Brahmana, Samba 181133
Jammu & Kashmir, India.
Phone: 1923-222774
Email: info@prevestdenpro.com
Website: https://www.prevestdenpro.com/

Prevest Denpro IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Prevest Denpro IPO FAQs

Prevest Denpro IPO is a SME IPO of 2,265,600 equity shares of the face value of ₹10 aggregating up to ₹26.61 Crores. The issue is priced at ₹82 to ₹84 per share. The minimum order quantity is 1600 Shares.

The IPO opens on Sep 15, 2021, and closes on Sep 17, 2021.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Prevest Denpro IPO using UPI as a payment gateway. Zerodha customers can apply in Prevest Denpro IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Prevest Denpro IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Prevest Denpro IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Prevest Denpro IPO opens on Sep 15, 2021 and closes on Sep 17, 2021.

Prevest Denpro IPO lot size is 1600 Shares and the minimum order quantity is .

You can apply in Prevest Denpro IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Prevest Denpro IPO will be done on Sep 22, 2021, and the allotted shares will be credited to your demat account by Sep 24, 2021. Check the Prevest Denpro IPO allotment status.

The Prevest Denpro IPO listing date is on Monday, September 27, 2021.
Open an Instant Account with Zerodha

Prevest Denpro IPO Message Board

Ranked Members List  Ranked Members List

Loading...

345 Comments

121. G J 😃 |   Link |Oct 25, 2021 2:49:29 PM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Porinju Veliyath''s buy price is today''s low (228 rs)
121.2. G J 😃 |   Link |Oct 29, 2021 12:09:50 PM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
@Whimpy,

To be really frank, I won''t put any target price for this one. But I support your opinion on broader market''s fundamental not changed and it is just a small running correction in secondary market and not a crash.
I am on the opinion on holding this for very long term.
121.3. Unknwon |   Link |Oct 30, 2021 5:41:25 PM
This will pay off very well. Good company and good future growth prospects. I wont sell this gem anytime soon...may buy more if it goes to 200-205.
120. SMEKINGDOM |   Link |Oct 19, 2021 8:50:14 AM
Hope it to cross 300 and touch 350 till market momentum continues.....one of the best SME IPO, and "PARAS"mani I believe
119. Small Investor |   Link |Oct 11, 2021 10:34:14 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
UC Hit 20%
next also 20%
hold yet
119.4. Unknwon |   Link |Oct 14, 2021 12:19:37 PM
@Small seems it is stuck around 290...target still intact?
119.5. Small Investor |   Link |Oct 15, 2021 3:29:03 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
@unknown
jo stock Circuit to circuit chlte h wo niche bhi usi tarah aate h
slowly slowly ye apna rang dikhayaga aesa mujhe lgta h
my target 350+ after 1 target archive of 250
118. WHIMPY |   Link |Oct 15, 2021 10:56:54 AM
Target 500+, in next year upto jan 2022. Only patience required as on every circut filter it will take beak of week. Than again break out will fone
117. Milton |   Link |Oct 8, 2021 8:05:34 AM
Porinju Veliyath has made an entry now at 224 (am not completely sure about the price point, but it is around the same price) on 7 Oct, in the stock. very likely candidate of crossing 500 in a year or so.
117.1. ashishk |   Link |Oct 8, 2021 2:10:52 PM
Yes
92800 shares at 228 rs
117.2. Nilaykumar |   Link |Oct 8, 2021 10:07:26 PM
Booming news 2.11 crore investment Big deal.
116. Small Investor |   Link |Oct 8, 2021 12:31:32 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Business in 80+ Countries
woooooou
115. G J |   Link |Oct 5, 2021 2:49:46 PM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Was allotted 1 lot,
sold @190 (triggered by VTC/GTT)

Went through company financial, website, media, news, collaborations, partners, online research, etc...
Entered again for long term @207.80.
will hold atleast for a year or 2-3 quarters

Thanks.
115.1. Nidhike |   Link |Oct 6, 2021 12:16:25 AM
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
Good decision
Likely 3 digits to 4 digits in 3 to 4 years.

Value karo to Value milti hai!!!!!

115.2. G J |   Link |Oct 6, 2021 5:35:07 PM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Thanks @Nidhike.
Let''s hope for the best.

As per my understanding, its business will boom in the coming years and it can become multibagger.
Currently, penetration is low in India, but people take their dental health seriously in foreign. It''s 60% of business comes from outside India, this also confirms that.
114. Nilaykumar |   Link |Oct 1, 2021 9:59:56 AM
Traded volume is high 8 lac approx , today UC , what would be next move?
114.9. Small Investor |   Link |Oct 8, 2021 12:29:57 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
@ Nilayji
Watching volume time to time and grow target its a zem
kbhi itna bda profit dekha nhi mene isliy 250-300 k bich me sold krke itishri kr lunga

remember
lalach buri bla h
114.10. Nilaykumar |   Link |Oct 8, 2021 10:01:45 PM
@small investor
Ok bhai , true greed is worst.
Profit to itna mene bhi nahi dekha aur socha , it''s lottery for me
113. i For IPO ☑️ |   Link |Sep 29, 2021 11:53:53 AM
2 Move Days It Be Will In Lower Circuit

After That Party Will Start Again

Any Want To Exit Will Get A Chance After 2 Days

Back In Action
"Friday Last Hour Monday"
113.2. i For IPO ☑️ |   Link |Sep 29, 2021 4:17:53 PM
Sir Fresh buying is highly risky

1 Lot - 1600 Share 3lakhs+


113.3. i For IPO ☑️ |   Link |Oct 1, 2021 9:27:13 AM
Lower Circuit Over

Now Upper Circuit

As I mentioned

Profit Booking for Non risky investors
112. G J |   Link |Sep 27, 2021 9:39:10 AM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Upper limit updated to 155
112.11. Small Investor |   Link |Sep 30, 2021 2:41:12 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
GJ
its Operator game ,so you put sell order and exit
operators are very smart
112.12. G J |   Link |Sep 30, 2021 3:32:48 PM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
@Small Investor,

Already exited @190
thanks.

Looks like that to me also.
111. Nilaykumar |   Link |Sep 30, 2021 11:48:06 AM
Please suggest something , as a middle class big family , I got first time allotment of SME and very big for us but now we stuck
111.1. i For IPO ☑️ |   Link |Sep 30, 2021 12:58:42 PM
Sell As Soon Circuit Open

Friday Second Half or Monday It Will Open
110. G J |   Link |Sep 29, 2021 3:00:59 PM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
@Chalak lomdi,

Zerodha ka VTC (GTT) kal set kiya tha
aaj to mauka hi nahi mila update karna ka
uske pehle hi tigger ho gaya tha

anyways thanks.
110.1. G J |   Link |Sep 29, 2021 3:04:20 PM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
pls ignore this msg
109. Dinesh Singh |   Link |Sep 29, 2021 9:41:40 AM
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
LC today. Very difficult to predict SME IPO.
People are saying 250 level will come soon.
Let''s see the movement going forward.
It will be lesson for all of us.
109.4. Small Investor |   Link |Oct 1, 2021 11:14:51 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Dear Dinesh
Now it upside for Udan
109.5. SMEKINGDOM |   Link |Oct 8, 2021 9:36:37 AM
Almost near to target and next week will be out of T group. Boom Boom 💥
108. vinaygame |   Link |Sep 29, 2021 9:21:16 AM
Why on a lower circuit today?
107. SMEKINGDOM |   Link |Sep 28, 2021 8:53:14 AM
Bulk Deal - 214400 shares bought in a bulk deal on listing day....hopeful to cross 250 soon. Sit tight and hold...
107.1. SMEKINGDOM |   Link |Sep 28, 2021 9:25:21 PM
Again Block Deal of 196800 shares, hope will rock again for few more days and keep watch on target of 250...fingers crossed
106. JIgar A |   Link |Sep 27, 2021 10:10:43 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
What a listing!!!
1st time to see sme ipo update and aniketiaf sir give view for apply but I m not applied but my friend applied and receive allotment. Now appx 170000/- profit...
Is baar to e hatho se gaya ab ese konse sme ipo ayenge?? Plz aniketiaf sir view?
106.13. Anurup |   Link |Sep 28, 2021 6:29:08 AM
40.10. AniketiafI Like It. 4|Report Abuse|Sep 20, 2021 15:09
IPO Guru IPO Guru (1500+ Posts, 9100+ Likes)
@ Lokes,
It''''s sme.
Here fundamentals will not necessarily work.
Also a large amount will be at stake.
Hence it''''s always a tough decision to give a clear advice in such a scenario ( Due to low subscription)
Btw,
I have applied because I can take risk as I have gained heavily in stock market so 10/20/30 thousand loss will not affect me
But can''''t advice the same to others.

Lokes sir,
This is the reply to you only by Aniketiaf sir for applying in Markoline traffic ipo.


In Prevest denpro,
Someone asked Aniketiaf sir about few observations, but sir ji replyed - Leave observation, apply and pray for allotment.
Have a good day Sir.

Hence it''s better to not to blame Aniketiaf sir.

Have a good day Sir.
106.14. lokes |   Link |Sep 28, 2021 11:26:33 AM
IPO Guru IPO Guru (3000+ Posts, 3100+ Likes)
@anurup: initially he has recommended for both these sme ipos like usually he says he is applying, and if you see other messages on markolines forum then many were asking his views after less subscription on third day around 1-2pm then i asked him again to post his opinion , that time he posted what you pasted due to less subscriptions, he also became cautious then.....

and i am not blaming him, i have no issues, i am mature enough and i know no one can guarantee about listing etc, i am just bringing the other side also so that everyone don''t see only the praise part for good listing but remember other listing also and take care in future about risk also....
And for one good ipo listing (which was obvious as per subscription also) if we can praise someone then why can''t we just bring into notice the other bad ipo listing also....
105. Trueinfo |   Link |Sep 23, 2021 8:22:37 AM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Allotted 1/50 in NII. First time investor in SME. What should be strategy on listing. What can be the target and how long should we hold? Can someone suggest please.
105.4. Trueinfo |   Link |Sep 24, 2021 4:20:35 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
@ MRavichandran, thanks for good and honest info. I also think so.
105.5. MRavichandran |   Link |Sep 27, 2021 3:25:11 PM
IPO Guru IPO Guru (1200+ Posts, 1600+ Likes)
@Trueinfo & VDSomaiya,
Hope you people holding it tight. Dont sell unless you need money urgently. This will give 200% or more.

Thanks
104. Shah bhupesh chunilal |   Link |Sep 23, 2021 8:08:50 PM
Expected listing prices please
104.2. Trueinfo |   Link |Sep 24, 2021 4:04:10 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Listing price may be around 125/- according to me.
104.3. MRavichandran |   Link |Sep 27, 2021 1:28:29 PM
IPO Guru IPO Guru (1200+ Posts, 1600+ Likes)
its exceed my wild guess :)
103. yamraj |   Link |Sep 27, 2021 10:20:05 AM
Small story
Both are fundamentally strong company
One in Uc on in Lc...
Dono nhi mile 😐
102. Chalak lomdi |   Link |Sep 27, 2021 10:09:24 AM
Esi amiro wali scheme hath me lagi he ke 15 din me paisa double...😉 allot nahi hua par dekh ke maja aya..🔥🔥🔥