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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 ₹84.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,31,200 (1600 shares). The minimum lot size investment for 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 Date | September 15, 2021 to September 17, 2021 |
| Listing Date | September 27, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹82 to ₹84 per share |
| Issue Price Final | ₹84 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 31,68,000 shares (aggregating up to ₹26.61 Cr) |
| Reserved for Market Maker | 1,60,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹1.34 Cr) |
| Net Offered to Public | 30,08,000 shares (aggregating up to ₹25.27 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 88,35,000 shares |
| Share Holding Post Issue | 1,20,03,000 shares |
Prevest Denpro IPO offers total 31,68,000 shares. Out of which 15,04,000 (47.47%) allocated to QIB, 6,01,600 (18.99%) allocated to QIB, 4,51,200 (14.24%) allocated to NII, 10,52,800 (33.23%) allocated to RII and 9,02,400 (28.48%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,60,000 (5.05%) |
| QIB Shares Offered | 15,04,000 (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 (14.24%) |
| Retail Shares Offered | 10,52,800 (33.23%) |
| Total Shares Offered | 31,68,000 (100.00%) |
Prevest Denpro IPO raises ₹7.58 crore from anchor investors. Prevest Denpro IPO Anchor bid date is September 14, 2021. Prevest Denpro IPO Anchor Investors list
| Bid Date | September 14, 2021 |
| Shares Offered | 9,02,400 |
| 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 | Wed, Sep 15, 2021 |
| IPO Close Date | Fri, Sep 17, 2021 |
| Tentative Allotment | Wed, Sep 22, 2021 |
| Initiation of Refunds | Thu, Sep 23, 2021 |
| Credit of Shares to Demat | Fri, Sep 24, 2021 |
| Tentative Listing Date | Mon, Sep 27, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 17, 2021 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | ||
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 9.98 |
The Company Prevest Denpro IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[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...
| Listing Date | September 27, 2021 |
| BSE Script Code | 543363 |
| NSE Symbol | |
| ISIN | INE0GAO01018 |
| Final Issue Price | ₹84 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹84.00 |
| Open | ₹180.55 |
| Low | ₹180.55 |
| High | ₹189.55 |
| Last Trade | ₹189.55 |
Prevest Denpro Ltd.
EPIP,
Kartholi
Bari Brahmana, Samba
Jammu, Jammu and Kashmir, 181133
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
Prevest Denpro IPO is a SME IPO of 31,68,000 equity shares of the face value of ₹10 aggregating up to ₹26.61 Crores. The issue is priced at ₹84 per share. The minimum order quantity is 1600.
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, 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 Friday, September 24, 2021. Check the Prevest Denpro IPO allotment status.
The Prevest Denpro IPO listing date is on Monday, September 27, 2021.
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