Bookbuilding IPO | ₹27 Cr | Listed at BSE SME | Wed, Sep 15, 2021 - Fri, Sep 17, 2021
Prevest Denpro IPO is a book build issue of ₹26.61 crores. The issue is entirely a fresh issue of 0.32 crore shares of ₹26.61 crore.
Prevest Denpro IPO bidding started from Sep 15, 2021 and ended on Sep 17, 2021. The allotment for Prevest Denpro IPO was finalized on Sep 22, 2021. The shares got listed on BSE SME on Sep 27, 2021.
Prevest Denpro IPO price band is set at ₹84 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,34,400 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,68,800.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Prevest Denpro IPO RHP for detailed Information.
IPO Open
Wed, Sep 15, 2021
IPO Close
Fri, Sep 17, 2021
Issue Price
₹84 per share
Market Cap (Pre-IPO)
₹100.83 Cr
| IPO Date | 15 to 17 Sep, 2021 |
| Listed on | Mon, Sep 27, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹82 to ₹84 |
| Issue Price | ₹84 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 31,68,000 shares (agg. up to ₹27 Cr) |
| Reserved for Market Maker | 1,60,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 30,08,000 shares (agg. up to ₹25 Cr) |
| Net Offered to Public | 30,08,000 shares (agg. up to ₹25 Cr) |
| Share Holding Pre Issue | 88,35,000 shares |
| Share Holding Post Issue | 1,20,03,000 shares |
| BSE Script Code | 543363 |
| ISIN | INE0GAO01018 |
Prevest Denpro IPO comprises a total issue size of 31,68,000 shares. The net offer to the public is 30,08,000 shares, after excluding 1,60,000 shares allotted on a firm basis. Of the Net offer 15,04,000 (50.00%) are allocated to QIB, 4,51,200 (15.00%) allocated to NII 10,52,800 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 15,04,000 | 50.00% | 47.47% |
| − Anchor Investor Shares Offered | 9,02,400 | 28.48% | |
| − QIB (Ex. Anchor) Shares Offered | 6,01,600 | 18.99% | |
| NII (HNI) Shares Offered | 4,51,200 | 15.00% | 14.24% |
| Retail Shares Offered | 10,52,800 | 35.00% | 33.23% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,60,000 | 5.05% | |
| Total Shares Offered | 31,68,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,34,400 |
| Retail (Max) | 1 | 1,600 | ₹1,34,400 |
| HNI (Min) | 2 | 3,200 | ₹2,68,800 |
Prevest Denpro IPO raises ₹7.58 crore from anchor investors. Prevest Denpro IPO Anchor bid date is September 14, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Sep 14, 2021 |
| Shares Offered | 9,02,400 |
| Anchor Portion (₹ Cr.) | 7.58 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Oct 22, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Dec 21, 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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of machineries, equipments and utilities for manufacturing of proposed additional line of products, R&D unit and existing manufacturing operations | 18.02 |
| 2 | General Corporate Purpose | 5.77 |
| 3 | To meet Issue Expenses | 2.82 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 9.98 | |
| Promoter Holding | 100% | 73.61% |
| Market Cap | ₹100.83 Cr. |
The Prevest Denpro IPO is subscribed 38.12 times on September 17, 2021 6:52:00 AM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 5.78 | 6,01,600 | 34,78,400 |
| NII* | 78.98 | 6,11,200 | 4,82,75,200 |
| Retail | 32.87 | 10,52,800 | 3,46,08,000 |
| Total | 38.12 | 22,65,600 | 8,63,61,600 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees (including underwriting commission) | 1.06 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable to Legal Advisor | 0.03 |
| 4 | Advertising Expenses | 0.03 |
| 5 | Fees Payable to BSE, CDSL and NSDL | 0.07 |
| 6 | Printing & Distribution of issue stationery | 0.02 |
| 7 | Others (Marketing and Selling Expenses and Miscellaneous Expenses) | 1.61 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹84.00 |
| Open | ₹180.55 |
| Low | ₹180.55 |
| High | ₹189.55 |
| Last Trade | ₹189.55 |
Lead Manager Reports
Prevest Denpro IPO is a SME IPO of 31,68,000 equity shares of the face value of ₹10 aggregating up to ₹27 Crores. The issue is priced at ₹84 per share. The minimum order quantity is 1600.
The IPO opens on Wed, Sep 15, 2021, and closes on Fri, 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
Visit Zerodha IPO Application Process Review for more detail.
The Prevest Denpro IPO opens on Wed, Sep 15, 2021 and closes on Fri, Sep 17, 2021.
Prevest Denpro IPO lot size is 1600, and the minimum amount required for application is ₹1,34,400.
You can apply in Prevest Denpro IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Fri, Sep 24, 2021. Check the Prevest Denpro IPO allotment status.
The Prevest Denpro IPO listing date is on Mon, Sep 27, 2021.
