IPO Issue Details
Issue Price / Price Band₹84 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size31,68,000 shares (aggregating up to ₹26.61 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 15 Sep 2021
Subscription CloseFri, 17 Sep 2021
Anchor AllotmentTue, 14 Sep 2021
Basis of AllotmentWed, 22 Sep 2021
Initiation of RefundsThu, 23 Sep 2021
Credit of Shares to DematFri, 24 Sep 2021
Listing DateMon, 27 Sep 2021
UPI Mandate Deadline2021-09-17
Application & Investment Details
Retail — Min (1 Lots)₹1,34,400 — 1,600 shares
Retail — Max (13 Lots)₹1,747,200 (13 Lots)
HNI — Min (2 Lots)₹2,68,800 — 3,200 shares
P/E Ratio (Pre-IPO)9.98x
Net Offer to Public30,08,000 shares (aggregating up to ₹25.27 Cr)
Reserved for Market Maker1,60,000 shares (aggregating up to ₹1.34 Cr)
Pre-IPO Promoter Holding88,35,000 shares
Post-IPO Promoter Holding1,20,03,000 shares
About Prevest Denpro Ltd.
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 strengthsWide sales and distribution network.Comprehensive product portfolio of over 100 dental products.Experienced management with strong domain knowledge.Track record of robust financial performance.Collaboration with reputed dental universities and institutions for technical knowledge and & research.
Objects of the Issue
Prevest Denpro Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Purchase of machineries, equipments and utilities for manufacturing of proposed additional line of products, R&D unit and existing manufacturing operation
18.02
2
2 General Corporate Purpose
5.77
3
3 To meet Issue Expenses
2.82
Shareholding & Lock-in
Pre-IPO Promoter Holding
88,35,000 shares
Post-IPO Promoter Holding
1,20,03,000 shares