Let’s have a detailed review of the company and analytics of the Prevest Denpro IPO release date, IPO offer price, subscription, Prevest Denpro Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Cash Price Rs 82 to Rs 84
Listing AtBSE, SME
Min. Order Quantity1600 Shares
Listing DateSep 27, 2021
Offer for SaleRs Lakh
Fresh IssueRs 2,661 Lakh
IPO SizeRs 2,661 Lakh
Tick Size1

Prevest Denpro IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Live Performance – Prevest Denpro Share Price

Prevest Denpro IPO – Summary

Prevest Denpro IPO

Their Company was founded in the year 1999 by their Promoters, Mr. Atul Modi and Mrs. Namrata Modi, who cumulatively possess over 42 years of experience in the dental industry.

As of date, they have collaboration with five reputed dental universities and institutions of India for the exchange of technical knowledge and conducting training & research on dental materials. Also, they have entered into a license agreement with Sree Chitra Tirunal Institute for Medical Sciences & Technology, Kerala for obtaining the know-how and rights to enable them to manufacture bioactive bone augmentation materials.

The Promoter of this company is Mr. Atul Modi and Mrs. Namrata Modi. The lead manager to the issue is HEM SECURITIES LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.


Prevest Denpro IPO Date

The opening and the closing date of the IPO of Prevest Denpro Limited are Sep 15, 2021, and Sep 17, 2021.


Prevest Denpro IPO Subscription

Day / DateQIB
NIIRIITotal Subscription
1st Day –  15 Sep0.50x0.63x1.33x0.92x
2nd Day –  16 Sep1.96x3.58x7.93x5.17x
3rd Day –  17 Sep5.78x78.98x32.87x38.12x
Shares Offered or Net Issue601,600611,2001,052,8002,265,600

The shares subscribed by the public will be updated here.

Check Prevest Denpro IPO LIVE Subscription

  • Prevest Denpro IPO LIVE Bid details on BSE
  • Prevest Denpro IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.


Prevest Denpro IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Prevest Denpro Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment FinalizationSep 22, 2021
Refunds InitiationSep 23, 2021
Credit of Shares to Demat AccountSep 24, 2021
Share Listing DateSep 27, 2021

Prevest Denpro IPO Cash Price

The face value of each share is Rs.10, but the price band of the IPO is Rs 82 to Rs 84 


Prevest Denpro IPO Equity Size

This Initial Public Issue of 3,168,000  Equity Shares of Rs.10 each for cash at a price of Rs 82 to Rs 84  per equity share aggregating to Rs.2,661 Lakh.


Prevest Denpro IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.

Issue Size: 3,168,000 Equity Shares of Rs.10 each, aggregating to Rs.2,661 Lakh


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    Prevest Denpro Ltd – Live Performance

    The listing date of this IPO is Sep 27, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Prevest Denpro Share Price

    Prevest Denpro IPO Grey Market Premium

    The Prevest Denpro Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


    Prevest Denpro IPO – Company Overview

    Their Company was founded in the year 1999 by their Promoters, Mr. Atul Modi and Mrs. Namrata Modi, who cumulatively possess over 42 years of experience in the dental industry. As of date, they have collaboration with five reputed dental universities and institutions of India for the exchange of technical knowledge and conducting training & research on dental materials.

    Also, they have entered into a license agreement with Sree Chitra Tirunal Institute for Medical Sciences & Technology, Kerala for obtaining the know-how and rights to enable them to manufacture bioactive bone augmentation materials.

    Their 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.


    Prevest Denpro IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Lakh)
    31-Mar-2131-Mar-20Mar-19
    Total Assets3,069.972,109.211,534.48
    *Total Revenue2,951.352,455.971,977.08
    Total Expense2,015.211,828.261,601.45
    Profit After Tax743.96500.87299.38

    Earnings per Equity Share (in Lakh)

    31-Mar-2131-Mar-20Mar-19
    Basic & Diluted8.425.673.39

     


    Prevest Denpro IPO – Promoters

    The Promoter of this company is:

    1. Mr. Atul Modi 
    2. Mrs. Namrata Modi

    List of Related Parties (Key Managerial Personnel)

    • Mr. Atul Modi, Chairman, and Managing Director
    • Mrs. Namrata Modi, Whole Time Director& CFO
    • Dr.Sai Kalyan Surapaneni, Director
    • Dr. Sudeep Haralakatte Murthy, Independent Director
    • Nikhil Shrikant Bobade, Independent Director

    Prevest Denpro IPO – Promoters Holding

    • Pre Issue Share Holding – 100%
    • Pos Issue Share Holding – %

    Prevest Denpro IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Up to 3,168,000 Equity Shares aggregating up to Rs.2,661 Lakh
    of which:
    Issue Reserved for the Market MakersUp to [●] Equity Shares aggregating up to Rs.[●]
    Lakh
    Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●]
    Lakh
    Of which:
    Retail Investors Portion Not less than [●] Equity Shares
    Other than Retail Individual InvestorsNot more than [●] Equity Shares
     Equity Shares outstanding prior to the Issue88,35,000 Equity Shares
     Equity Shares outstanding after the IssueX Equity Shares

    Prevest Denpro IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Purchase of machinery, equipment and utilities for manufacturing of a proposed additional line of products, R&D unit, and existing manufacturing operations 
    2. General Corporate Purpose
    3. To meet issue expenses

    Prevest Denpro IPO – Business Strategy

    • Enter and expand into new business segments through the introduction of new products
    • Augmenting growth in domestic and global markets
    • Continue to invest in R&D capabilities
    • Focus on brand awareness
    • Retain and attract the best talent and develop a performance-focused culture
    • Continue to strive for cost efficiency

    Prevest Denpro IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Wide sales and distribution network
    • Comprehensive product portfolio
    • Experienced Promoters with strong management team having domain knowledge
    • Proven track record of robust financial performance
    • Collaboration with reputed dental universities and institutions

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-218.4232.71798.09
    31-Mar-205.6732.72
    Mar-193.3929.07

    Prevest Denpro IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Crores)
    Prevest Denpro Limited10[●]8.4232.7129.51
    Listed Peers
    3M India Limited10173.67144.14 8.52629.57

    Prevest Denpro IPO Lead Managers

    Lead Managers
    HEM SECURITIES LIMITED
    904,A Wing, Naman Midtown, Senapati Bapat Marg,
    Elphinstone Road, Lower Parel,
    Mumbai 400013, Maharashtra, India
    Tel. No.: +91- 022- 49060000
    Website: www.hemsecurities.com
    Email: ib@hemsecurities.com
    Investor Grievance Email: redressal@hemsecurities.com
    Contact Person :Mr. Anil Bhargava
    SEBI Regn. No. INM000010981
    CIN:U67120RJ1995PLC010390

    Prevest Denpro IPO Registrar to offer

    Registrar to the Offer
    BIGSHARE SERVICES PRIVATE LIMITED
    1st Floor, Bharat Tin Works Building,
    Opp. Vasant Oasis, Makwana Road, Marol,
    Andheri East, Mumbai – 400059, Maharashtra, India
    Tel No.:+91-022-62638200
    Fax No.: +91-022-62638299
    Website: www.bigshareonline.com
    Email: ipo@bigshareonline.com
    Investor Grievance Email: investor@bigshareonline.com
    Contact Person: Mr. Ashish Bhope
    SEBI Regn. No.: MB/INR000001385
    CIN: U99999MH1994PTC076534

    Prevest Denpro IPO – Other Details

    • Statutory Auditor – M/s. Mittal & Associates, Chartered Accountants
    • Legal Counsel to the Company – NA
    • Bankers to the Company –  NA


    Prevest Denpro IPO Review by Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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      Prevest Denpro Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download


      Prevest Denpro IPO Review FAQs

      What is the Issue Size of Prevest IPO?

      The Company is making an initial public offer of 3,168,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      What is the Price band of Prevest Denpro IPO?

      The price band for this particular IPO ranges between Rs 82 to Rs 84. As far as the face value of the share is of concern, it is Rs.10 per share.

      What is the Prevest Denpro IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 15, 2021, while the closing date is set at Sep 17, 2021.

      What is the Prevest Denpro IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Sep 22, 2021, refund initiation is on Sep 23, 2021, credit of shares is on Sep 24, 2021, and share listing date is on Sep 27, 2021.

      What is the Prevest Denpro Ltd Listing Date?

      Shares of this company shall be listed in the exchanges on Sep 27, 2021. The date, when the listing would be done, is stagnant on Sep 27, 2021.

      Who is the Registrar of Prevest Denpro IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Prevest Denpro IPO?

      Here are the promoters of this IPO – NA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is GMP of Prevest Denpro Ltd?

      They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Is Prevest Denpro IPO good for Investment?

      They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Prevest Denpro Company?

      They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakh is 743.96, 2020 is 500.87, and 2019 is 299.38.


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