Prevest Denpro IPO is all set to make its debut on 15th Sept 21 with 26.61Cr and manufactures and markets a range of dental materials for diagnosing, treating, and preventing dental conditions and improving the aesthetics of the human smile.
Prevest Denpro IPO – overview
| IPO Dates | 15- 17 sept 2021 |
| IPO Price | INR 84 per share |
| Fresh issue | 2,265,600 shares (INR 26.61 crore) |
| Offer For Sale | Nil |
| Total IPO size | 2,265,600 shares (INR 26.61 crore) |
| Minimum bid (lot size) | 1600 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Prevest Denpro IPO – Tentative Dates
| IPO Offer Opening Date | 15 Sept 2021 |
| IPO Closing Date | 17 Sept 2021 |
| Finalization of Basis of Allotment | 22 Sept 2021 |
| Initiation of refunds | 23 Sept 2021 |
| Transfer of shares to demat accounts | 24 Sept 2021 |
| IPO Listing Date | 27 Sept 2021 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
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.
Industry Overview
The dental material market in India was valued at USD 736.8 Million in the year 2020 and is projected to reach value of USD 1372.4 Million by 2028, registering a CAGR of 9.3% over the forecast period. Indian Dental Association (IDA) drafted the National Oral Health Program to address the burden of dental disease in an effective manner for bringing about ‘optimal oral health’ for all by 2020. As per their survey in India 60-65% population lives in rural areas. Where there is no oral health care system with the dentist: population ratio of about 1:2,00,000. Oral health services exist at district, subdivision, and tehsil level. 60–90% of school children and nearly 85-90% of adults have dental cavities, often leading to pain and discomfort. There is no paradental infrastructure at village level and the primary health care center level.
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.
Objectives of the issue
- Purchase of machinery, equipment, and utilities for manufacturing of proposed additional line of products, R&D unit, and existing manufacturing operations.
- General Corporate Purpose.
- To meet issue expenses.
Company Financials
| Particulars | 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 |
Company Contact Information
Prevest Denpro Limited
EPIP, Kartholi
Bari Brahmana, Samba 181133
Jammu & Kashmir, India.
Phone: 1923-222774
Email: info@prevestdenpro.com
Website: https://www.prevestdenpro.com/
Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Lead Manager(s)
- Hem Securities Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
