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Prevest Denpro Limited IPO (Prevest Denpro IPO) Detail

September 15, 2021 - September 17, 2021

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.

Prevest Denpro IPO Details

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 Size2,265,600 shares
(aggregating up to ₹26.61 Cr)
Fresh Issue3,168,000 shares
(aggregating up to ₹26.61 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
Market Maker portion160,000 shares

Prevest Denpro IPO Reservation

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 Offered902,400 (27.12%)
Market Maker Shares Offered160,000 (4.81%)
QIB Shares Offered601,600 (18.08%)
NII (HNI) Shares Offered611,200 (18.37%)
Retail Shares Offered1,052,800 (31.63%)
Total Shares Offered3,328,000 (100%)

Prevest Denpro IPO Anchor Investors Details

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 Timeline (Tentative Schedule)

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

Prevest Denpro IPO Lot Size

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

Prevest Denpro IPO Promoter Holding

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

About Prevest Denpro Limited

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

Key Performance Indicator

Pre IPO Post IPO
P/E (x) 9.98

Objects of the Issue (Prevest Denpro IPO Objectives)

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 Review (May apply)

[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...

Prevest Denpro IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

Prevest Denpro IPO Prospectus

Prevest Denpro IPO Rating

Rating:Rated 3.9 stars
Vote Here ...

Prevest Denpro IPO Listing Details

Listing Date September 27, 2021
BSE Script Code 543363
NSE Symbol
Final Issue Price ₹84 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Prevest Denpro Limited Contact Details

Prevest Denpro Limited
EPIP, Kartholi
Bari Brahmana, Samba 181133
Jammu & Kashmir, India.
Phone: 1923-222774

Prevest Denpro IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Prevest Denpro IPO - Buy or Not

Prevest Denpro IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 1 0
Members 0 0 0

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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 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

  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 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.

The Prevest Denpro IPO listing date is on September 27, 2021.
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Prevest Denpro IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



121. G J 😃 |   Link |  Bookmark |October 25, 2021 2:49:29 PM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)
Porinju Veliyath''s buy price is today''s low (228 rs)
121.2. G J 😃 |   Link |  Bookmark |October 29, 2021 12:09:50 PM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)

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 |  Bookmark |October 30, 2021 5:41:25 PM (200+ Posts)
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 |  Bookmark |October 19, 2021 8:50:14 AM
Hope it to cross 300 and touch 350 till market momentum of the best SME IPO, and "PARAS"mani I believe
119. Small Investor |   Link |  Bookmark |October 11, 2021 10:34:14 AM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
UC Hit 20%
next also 20%
hold yet
119.4. Unknwon |   Link |  Bookmark |October 14, 2021 12:19:37 PM (200+ Posts)
@Small seems it is stuck around still intact?
119.5. Small Investor |   Link |  Bookmark |October 15, 2021 3:29:03 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
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 |  Bookmark |October 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 |  Bookmark |October 8, 2021 8:05:34 AM (200+ Posts)
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 |  Bookmark |October 8, 2021 2:10:52 PM
92800 shares at 228 rs
117.2. Nilaykumar |   Link |  Bookmark |October 8, 2021 10:07:26 PM
IPO Guru IPO Guru (1100+ Posts, 500+ Likes)
Booming news 2.11 crore investment Big deal.
116. Small Investor |   Link |  Bookmark |October 8, 2021 12:31:32 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
Business in 80+ Countries
115. G J |   Link |  Bookmark |October 5, 2021 2:49:46 PM
IPO Mentor IPO Mentor (1600+ Posts, 400+ 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

115.1. Nidhike |   Link |  Bookmark |October 6, 2021 12:16:25 AM (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 |  Bookmark |October 6, 2021 5:35:07 PM
IPO Mentor IPO Mentor (1600+ Posts, 400+ 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 |  Bookmark |October 1, 2021 9:59:56 AM
IPO Guru IPO Guru (1100+ Posts, 500+ Likes)
Traded volume is high 8 lac approx , today UC , what would be next move?
114.9. Small Investor |   Link |  Bookmark |October 8, 2021 12:29:57 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ 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

lalach buri bla h
114.10. Nilaykumar |   Link |  Bookmark |October 8, 2021 10:01:45 PM
IPO Guru IPO Guru (1100+ Posts, 500+ Likes)
@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 |  Bookmark |September 29, 2021 11:53:53 AM
IPO Mentor IPO Mentor (600+ Posts, 800+ Likes)
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 |  Bookmark |September 29, 2021 4:17:53 PM
IPO Mentor IPO Mentor (600+ Posts, 800+ Likes)
Sir Fresh buying is highly risky

1 Lot - 1600 Share 3lakhs+

113.3. i For IPO ☑️ |   Link |  Bookmark |October 1, 2021 9:27:13 AM
IPO Mentor IPO Mentor (600+ Posts, 800+ Likes)
Lower Circuit Over

Now Upper Circuit

As I mentioned

Profit Booking for Non risky investors
112. G J |   Link |  Bookmark |September 27, 2021 9:39:10 AM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)
Upper limit updated to 155
112.11. Small Investor |   Link |  Bookmark |September 30, 2021 2:41:12 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
its Operator game ,so you put sell order and exit
operators are very smart
112.12. G J |   Link |  Bookmark |September 30, 2021 3:32:48 PM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)
@Small Investor,

Already exited @190

Looks like that to me also.
111. Nilaykumar |   Link |  Bookmark |September 30, 2021 11:48:06 AM
IPO Guru IPO Guru (1100+ Posts, 500+ Likes)
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 |  Bookmark |September 30, 2021 12:58:42 PM
IPO Mentor IPO Mentor (600+ Posts, 800+ Likes)
Sell As Soon Circuit Open

Friday Second Half or Monday It Will Open
110. G J |   Link |  Bookmark |September 29, 2021 3:00:59 PM
IPO Mentor IPO Mentor (1600+ Posts, 400+ 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 |  Bookmark |September 29, 2021 3:04:20 PM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)
pls ignore this msg
109. Dinesh Singh |   Link |  Bookmark |September 29, 2021 9:41:40 AM
IPO Guru IPO Guru (1300+ Posts, 500+ 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 |  Bookmark |October 1, 2021 11:14:51 AM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
Dear Dinesh
Now it upside for Udan
109.5. SMEKINGDOM |   Link |  Bookmark |October 8, 2021 9:36:37 AM
Almost near to target and next week will be out of T group. Boom Boom 💥
108. vinaygame |   Link |  Bookmark |September 29, 2021 9:21:16 AM (200+ Posts)
Why on a lower circuit today?
107. SMEKINGDOM |   Link |  Bookmark |September 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 |  Bookmark |September 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 |  Bookmark |September 27, 2021 10:10:43 AM
Top Contributor Top Contributor (400+ Posts, 300+ 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 |  Bookmark |September 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)
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 |  Bookmark |September 28, 2021 11:26:33 AM
IPO Guru IPO Guru (4400+ Posts, 5100+ 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 |  Bookmark |September 23, 2021 8:22:37 AM
IPO Guru IPO Guru (1800+ Posts, 1700+ 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 |  Bookmark |September 24, 2021 4:20:35 PM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
@ MRavichandran, thanks for good and honest info. I also think so.
105.5. MRavichandran |   Link |  Bookmark |September 27, 2021 3:25:11 PM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
@Trueinfo & VDSomaiya,
Hope you people holding it tight. Dont sell unless you need money urgently. This will give 200% or more.

104. Shah bhupesh chunilal |   Link |  Bookmark |September 23, 2021 8:08:50 PM (200+ Posts)
Expected listing prices please
104.2. Trueinfo |   Link |  Bookmark |September 24, 2021 4:04:10 PM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
Listing price may be around 125/- according to me.
104.3. MRavichandran |   Link |  Bookmark |September 27, 2021 1:28:29 PM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
its exceed my wild guess :)
103. yamraj |   Link |  Bookmark |September 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 |  Bookmark |September 27, 2021 10:09:24 AM
IPO Guru IPO Guru (1400+ Posts, 1000 Likes)
Esi amiro wali scheme hath me lagi he ke 15 din me paisa double...😉 allot nahi hua par dekh ke maja aya..🔥🔥🔥