Prevest Denpro IPO, should you hold or sell after listing

 Prevest Denpro IPO Subscription Rate & Prevest Denpro IPO, should you hold or sell?

Many companies are getting their shares listed on the SME platform of BSE India, but many investors and traders often do not know about these IPOs, but this time an IPO which is settled in the SME segment of the Indian exchange. There is going to be a list. The name of this company is Prevest DenPro Limited. Prevest Denpro IPO was opened on 15th Sept 2021 and closed on 17th Sept 2021 with face value of 10% per share and lot size of 1600 shares. Prevest Denpro Company is going to raise funds of more than 26 crores from the market through fresh issue. Talking about Prevest Denpro IPO, the IPO of this company got more subscription than 38 times. Which on BSE SME but hardly any other company would have got so much subscription? Even lead manager company Hem Securities Limited had also shown good interest in this IPO.  Now those who will get the allotment, the question will be coming in the heart and mind of the investors that Prevest Denpro IPO, should you hold and sell?

Let's find the answer to this in a simple language and take a look at the company's business model.

Prevest Denpro Company Business Profile:

Prevest Denpro Company establishes in 1999 & company has more than 100 dental products in the domestic as well in overseas market. Even Company has more than 145 dealership & distributors network. The company creates makes and markets an exhaustive arrangement of dental materials for diagnosing, treating and forestalling dental conditions just as working on the style of the human grin. Its item portfolio covers a wide range of materials for prosthodontics, , periodontics,, endodontics, prosthodontics, orthodontics, helpful dentistry, stylish dentistry and lab consumables. They have producing office situated in India in Jammu and Kashmir. Their items are well known in more than 75 nations around the world. Aside from India, its items are sold in more than 75 nations in the districts of Europe, Asia, South America, Middle East and Africa.

Prevest Denpro IPO, hold or sell?

If we talk about the sales of the company, then the total sales of Prevest Denpro in the financial year 2021 has been more than 27 crores. The company is also exporting its products.  More than 58% of the business is from the export segment. According to the company's management, the company has brought IPO in the market to expand its market.  it is a good thing. The company plans to expand and focus in the oral hygiene products and other hygiene products segments such as hand sanitizers, dental treatments and bio-materials. According to the company's management's financial year 2022, the new plant will be ready and start working. This also seems to be true from an investment point of view. The company's total revenue in the accounting financial year 2021 was close to 30 crores. Anyway, this will be the first company in the dental product segment to be listed in the sme segment of bse india, which is probably the reason why this IPO got so much response from the investors. IPO price is 82 rs per share and company share price is looking at reasonable price at 84 rs per share. Moderate returns can also be seen if these stocks are kept in the portfolio for long term investment. If on trading day we will see Prevest Denpro IPO listing price above 10% of higher price band 84rs then we should not be surprised. Sometimes to make investment in such type of IPO is very risky too. If any investor wants to make fresh investment after IPO listing of Prevest Denpro then he/she should wait for settling up the price after few trading sessions. Traders & Investors should keep 75rs stop loss in Prevest Denpro share price for any investment or trading purpose in this news IPO after its listing.  I hope now all my website followers got reply on the question of, Prevest Denpro buy or sell.

How to check Prevest Denpro IPO allotment:

Prevest Denpro IPO shares allotment date: 22-September- 2021

Prevest Denpro IPO refund of money date: 23-September- 2021

Prevest Denpro shares may credit on date:  24-September- 2021

Prevest Denpro IPO listing date: 27-September-2021

Note: Above all dates of Prevest Denpro ipo as per the IPO application form.

Steps to follow for checking Prevest Denpro ipo shares allotment:

1)  Open the Website BSE India

2)  Select IPO name “Prevest Denpro ltd"

3)  Fill IPO Application Number & PAN number in required sections

4)  Tick on “no robot” box

5)  Then press submit icon button

Now you will see the status of you IPO Allotment.

Also read: Sansera engineering IPO, hold or sell

Disclaimer: The above discussion on Prevest Denpro IPO listing, it is my personal view. Please do your own research too. My view may differ from other experts of the market.