Dental Tribune India

Prevest Denpro becomes the first BSE-listed dental-material company

By Isha Rao, Dental Tribune South Asia
October 14, 2021

Prevest Denpro, a dental material company based in India, has become the 346th company listed on the BSE-SME (Bombay Stock Exchange- Small and Medium Enterprises). It is the first dental-material-based company listed on the Bombay Stock Exchange. 

Being a Jammu-based company (the first company from Jammu & Kashmir listed on the BSE-SME), Prevest Denpro has been manufacturing a range of dental materials since 1999. Their popular products include dental cement, impression materials, root canal buildup materials, etc.

Prevest Denpro depends on a network of distributors to supply their products- 50 in India and one distributor each in 80 other countries. 

About the Initial Public Offering:

- The company opened its IPO of 31,68,000 equity shares for subscription from September 15- 17, 2021.

- The price band for the issue was Rs 82- 84 per share.

- The issue size was subscribed 38.12 times, receiving bids for 8.63 Crore equity shares against an IPO size of 22.65 lakh shares.

- On September 14 (a day before the issue opening), the company issued 9.02 lakh shares to anchor investors. 

- The company raised Rs 7.58 Crore, after which the issue size was reduced to 22.65 lakh shares.

- The company raised Rs 26.61 Cr through its public issue.

With this IPO, the company plans to set up a “State-of-the-art Research and Development center.” This project will need 35 Cr, of which about 26.5 Cr will be taken from public funding.

In the next 4-5 years, they will need a new facility that requires a capital investment of Rs. 150 Cr. 

What does this mean for dentists in India?

According to the founder, Mr. Atul Modi, Prevest Denpro is expected to grow to Rs. 500 Cr in the next decade.

The public listing is a significant event for dental product manufacturers in India. It shows general public interest in dental manufacturing companies and can be a precedent for other companies.

Currently, dentists have to rely on imported dental materials and appliances primarily. A development of this nature will provide wings to more indigenous ventures, which will be a boon to dentists in India. R&D investments will also increase the innovations and feasibility of new technology in dental products.

Prevest Denpro shares rally on debut

Prevest Denpro made a massive debut on the BSE SME platform as it opened at Rs 180.55, a whopping 115 percent premium over the issue price of Rs 84 on September 27.


  1. Prevest Denpro Ltd. Company History and Annual Growth Details ;; accessed on October 7, 2021
  2. BSE SME | Prevest Denpro shares rally 125.65% on debut, hit upper circuit;; accessed on October 7, 2021
  3. Interview | CMD of first J&K company to list on BSE SME talks about listing gains, ease of doing business, expansion, and more;; accessed on October 7, 2021
  4. BSE SME | Prevest Denpro shares rally 125.65% on debut, hit upper circuit

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