Prevest Denpro IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 19, 2022Let’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 Value | Rs 10 |
| Cash Price | Rs 82 to Rs 84 |
| Listing At | BSE, SME |
| Min. Order Quantity | 1600 Shares |
| Listing Date | Sep 27, 2021 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 2,661 Lakh |
| IPO Size | Rs 2,661 Lakh |
| Tick Size | 1 |
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
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 / Date | QIB |
NII | RII | Total Subscription |
| 1st Day – 15 Sep | 0.50x | 0.63x | 1.33x | 0.92x |
| 2nd Day – 16 Sep | 1.96x | 3.58x | 7.93x | 5.17x |
| 3rd Day – 17 Sep | 5.78x | 78.98x | 32.87x | 38.12x |
| Shares Offered or Net Issue | 601,600 | 611,200 | 1,052,800 | 2,265,600 |
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 Finalization | Sep 22, 2021 |
| Refunds Initiation | Sep 23, 2021 |
| Credit of Shares to Demat Account | Sep 24, 2021 |
| Share Listing Date | Sep 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-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 3,069.97 | 2,109.21 | 1,534.48 |
| *Total Revenue | 2,951.35 | 2,455.97 | 1,977.08 |
| Total Expense | 2,015.21 | 1,828.26 | 1,601.45 |
| Profit After Tax | 743.96 | 500.87 | 299.38 |
Earnings per Equity Share (in Lakh)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | 8.42 | 5.67 | 3.39 |
Prevest Denpro IPO – Promoters
The Promoter of this company is:
- Mr. Atul Modi
- 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 Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 88,35,000 Equity Shares |
| Equity Shares outstanding after the Issue | X 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 EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 8.42 | 32.71 | 798.09 |
| 31-Mar-20 | 5.67 | 32.72 | – |
| Mar-19 | 3.39 | 29.07 | – |
Prevest Denpro IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Crores) | |
| Prevest Denpro Limited | 10 | [●] | 8.42 | 32.71 | 29.51 |
| Listed Peers | |||||
| 3M India Limited | 10 | 173.67 | 144.14 | 8.5 | 2629.57 |
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 Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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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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