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Prevest Denpro IPO is a book built issue of Rs 26.61 crores. The issue is entirely a fresh issue of 31.68 lakh shares.
Prevest Denpro IPO bidding started from September 15, 2021 and ended on September 17, 2021. The allotment for Prevest Denpro IPO was finalized on Wednesday, September 22, 2021. The shares got listed on BSE SME on September 27, 2021.
Prevest Denpro IPO price band is set at ₹82 to ₹84 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹134,400.
Hem Securities Limited is the book running lead manager of the Prevest Denpro IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Prevest Denpro IPO RHP for detailed information.
| IPO Date | September 15, 2021 to September 17, 2021 |
| Listing Date | September 27, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹82 to ₹84 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 2,265,600 shares (aggregating up to ₹26.61 Cr) |
| Fresh Issue | 3,168,000 shares (aggregating up to ₹26.61 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 160,000 shares |
Prevest Denpro IPO offers 3,328,000 shares. 601,600 (18.08%) to QIB, 611,200 (18.37%) to NII, 1,052,800 (31.63%) to RII 902,400 (27.12%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 902,400 (27.12%) |
| Market Maker Shares Offered | 160,000 (4.81%) |
| QIB Shares Offered | 601,600 (18.08%) |
| NII (HNI) Shares Offered | 611,200 (18.37%) |
| Retail Shares Offered | 1,052,800 (31.63%) |
| Total Shares Offered | 3,328,000 (100%) |
Prevest Denpro IPO raises Rs 7.58 crore from anchor investors. Prevest Denpro IPO Anchor bid date is September 18, 2021. Prevest Denpro IPO Anchor Investors list
| Bid Date | September 18, 2021 |
| Shares Offered | 902,400 |
| Anchor Portion Size (In Cr.) | 7.58 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 22, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 21, 2021 |
Prevest Denpro IPO opens on September 15, 2021, and closes on September 17, 2021.
| IPO Open Date | Wednesday, September 15, 2021 |
| IPO Close Date | Friday, September 17, 2021 |
| Basis of Allotment | Wednesday, September 22, 2021 |
| Initiation of Refunds | Thursday, September 23, 2021 |
| Credit of Shares to Demat | Friday, September 24, 2021 |
| Listing Date | Monday, September 27, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 17, 2021 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹134,400 |
| Retail (Max) | 1 | 1600 | ₹134,400 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.61% |
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
| 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 | ||
The net proceed from the IPO will be utilized towards the following purposes;
[Dilip Davda] 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...
The Prevest Denpro IPO is subscribed 38.12 times on September 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)
| Category | Subscription (times) |
|---|---|
| QIB | 5.78 |
| NII | 78.98 |
| Retail | 32.87 |
| Total | 38.12 |
| Listing Date | September 27, 2021 |
| BSE Script Code | 543363 |
| NSE Symbol | |
| ISIN | INE0GAO01018 |
| Final Issue Price | ₹84 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹84.00 |
| ₹180.55 |
| ₹180.55 |
| ₹189.55 |
| ₹189.55 |
Prevest Denpro Limited
EPIP, Kartholi
Bari Brahmana, Samba 181133
Jammu & Kashmir, India.
Phone: 1923-222774
Email: info@prevestdenpro.com
Website: https://www.prevestdenpro.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
SME Company Owners
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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 September 15, 2021, and closes on September 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
Visit Zerodha IPO Application Process Review for more detail.
The Prevest Denpro IPO opens on September 15, 2021 and closes on September 17, 2021.
Prevest Denpro IPO lot size is 1600 Shares, and the minimum amount required is ₹134,400.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Prevest Denpro IPO will be done on Wednesday, September 22, 2021, and the allotted shares will be credited to your demat account by Friday, September 24, 2021. Check the Prevest Denpro IPO allotment status.
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