Prevest Denpro was incorporated on May 05, 1999. The company develops, manufactures and markets a comprehensive portfolio of dental materials for diagnosing, treating and preventing dental conditions as well as improving the aesthetics of the human smile.
| Bidding Dates |
|---|
| 15 Sep 2021 - 17 Sep 2021 |
| Subscription |
|---|
| 38.12x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,34,400 | 1 | 1 | 1600 | 2.3 M | ₹84 | 81.12 % | ₹190.3 M | RHP DOC |
Prevest Denpro IPO SUBSCRIPTION STATUS
17 Sep '21Prevest Denpro IPO overall subscription rate was 38.12 times the total available shares
Prevest Denpro IPO retail subscription rate was 32.87 times in the retail segment
Prevest Denpro IPO non-institutional investor subscription rate was 78.98 times in the non-institutional investor category
Prevest Denpro IPO Qualified Institutional Bidder subscription rate was 5.78 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
16 Sep 2021 (Day 2) | 7.93x | 3.58x | 1.96x |
17 Sep 2021 (Day 3) | 32.87x | 78.98x | 5.78x |
15 Sep 2021 (Day 1) | 1.33x | 0.63x | 0.5x |
Prevest Denpro FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY21 | 74.4 | 274.4 | 86.1 | 63.7 |
| FY20 | 50.1 | 227.7 | 47.3 | 39.5 |
| FY19 | 29.9 | 192.8 | 30.1 | 16.1 |
Prevest Denpro IPO SUBSCRIPTION STATUS DETAILS
Prevest Denpro had 2.3 M shares on offer
Prevest Denpro IPO offer price was ₹84
Prevest Denpro IPO minimum Investment was ₹134400
Prevest Denpro IPO issue size was ₹ 266.1 M
Prevest Denpro had a minimum lot size of 1600 Shares per application
Prevest Denpro NUMBER OF SHARES ON OFFER
Prevest Denpro IPO IMPORTANT DATES
| Issue Open Date | 15 Sep 2021 |
| Issue close Date | 17 Sep 2021 |
| Allotment Date | 22 Sep 2021 |
| Refund Date | 23 Sep 2021 |
| Demat Account Credit Date | 24 Sep 2021 |
| Listing Date | 27 Sep 2021 |
| Listing on Exchange(s) | BSE |
| Prevest Denpro Allotment Status | Exchange |
Prevest Denpro IPO subscription opened on 15 Sep 2021, and closed on 17 Sep 2021
IPO allotment for Prevest Denpro was finalized on Wednesday, 22 Sep 2021
IPO listing for Prevest Denpro was on BSE on Monday, 27 Sep 2021
Prevest Denpro IPO LISTING GAINS
| Issue Price (adjusted) | 84.0 |
| Listing Open Price | 180.6 |
| Listing Close Price | 189.6 |
| Listing Gain% | 114.9% |
| Current Gain% | 353.3% |
Prevest Denpro Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Prevest Denpro Ltd. | 380.8 | 457.1 | 22.3 | 1.7 | 6.4 | 16.4 | 15.4 | 76.7 | 14.4 | 20.5 | 12.9 | 17.1 | 12.9 |
| Tarsons Products Ltd. | 312.3 | 1661.6 | 116 | -2.2 | 3.9 | 2.2 | 1.2 | 446.7 | 9.4 | 14.3 | -51.9 | 2.7 | -51.9 |
| Fabtech Technologies Cleanrooms Ltd. | 385 | 474.3 | 30 | 15.2 | 8.5 | 221.7 | 46.9 | 15.8 | 19 | 12.8 | |||
| Hemant Surgical Industries Ltd. | 356.2 | 464.5 | 24.2 | 13.9 | 7 | 237.7 | 112.7 | 19.2 | 138.7 | 14.7 | |||
| Aprameya Engineering Ltd. | 142.6 | 271.5 | 53.2 | 7.4 | 6.2 | 55.6 | -59.2 | 5.1 | -68.3 | 2.7 | |||
| QMS Medical Allied Services Ltd. | 113.3 | 219.1 | 18.4 | -0.2 | 1.3 | 11.4 | 5.6 | 173.9 | 10.3 | 11.9 | -1.5 | 6.2 | -73.8 |
Prevest Denpro IPO Reports
Prevest Denpro INFORMATION ON IPO ISSUE
About Prevest Denpro
Prevest Denpro was incorporated on May 05, 1999. The company develops, manufactures and markets a comprehensive portfolio of dental materials for diagnosing, treating and preventing dental conditions as well as improving the aesthetics of the human smile.
Object of the Issue
- Purchase of machineries, equipment, and utilities for manufacturing of a proposed additional line of products, R&D unit, and existing manufacturing operations
- General corporate purpose
- To meet issue expenses
Prevest Denpro - PROMOTERS
| Name |
|---|
| Atul Modi |
| Namrata Modiare |
Prevest Denpro Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
Prevest Denpro Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Prevest Denpro Strengths
Wide sales and distribution network
Growth in business operations has been made possible by wide sales and distribution network
Comprehensive product portfolio
The company has a comprehensive portfolio of over 100 dental products covering endodontics, orthodontics, composites, impression materials, finishing and polishing materials, auxiliaries’ materials, etc
Proven track record of robust financial performance
The company has been able to manage sustained growth without compromising on profit margins of products, without any external equity funding from strategic investors or private equity funds and without any high leverage from lender
Prevest Denpro Risks
International operations
The international operations subject the company to additional costs and risks, and the strategy to increase its international presence will subject it to additional costs and risk
Regulated industry
The company operates in a regulated industry and business activities require several statutory and regulatory permits, licenses and approvals
IPO FAQs
The promoters of the company are Atul Modi and Namrata Modiare.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 84.0 - 84.0.
The IPO application opens on Sep 15, 2021 and closes on Sep 17, 2021.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 134,400.0, the maximum value for this IPO is Rs 134,400.0.
This IPO will be allotted on Sep 22, 2021.
The refund will be credited to your account on Sep 23, 2021.
The allotted shares will be credited to your demat on Sep 24, 2021.
Prevest Denpro Ltd.’s shares listed on the stock exchanges on Sep 27, 2021.