Prevest Denpro Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,504,000 (47%) | — | ₹1,263 Cr |
| NII (HNI) | — | 451,200 (14%) | — | ₹379 Cr |
| Retail | — | 1,052,800 (33%) | — | ₹884 Cr |
| Market Maker | — | 160,000 (5%) | — | ₹13 Cr |
| Σ Total | — | 3,168,000 (100%) | — | ₹26,611 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹134,400 |
| Retail (Max) | 13 | 20,800 | ₹1,747,200 |
| S-HNI (Min) | 14 | 22,400 | ₹1,881,600 |
| B-HNI (Min) | 67 | 107,200 | ₹9,004,800 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Revenue | 2,951 | 2,456 | 1,977 |
| Profit After Tax | 744 | 501 | 299 |
| Total Assets | 3,070 | 2,108 | 1,534 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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 General Corporate Purpose – 5.77
- 3 To meet Issue Expenses – 2.82
Company Overview
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
- Wide 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.