Excelsior Correspondent
NEW DELHI, Sept 27: Prevest Denpro, a manufacturer of dental care supplies, had a dream listing on BSE SME platform on Monday. The counter jumped 125 per cent over the issue price on the first tick, hitting the 5 per cent upper circuit as well.
Prevest Denpro became the 346th company to get listed on BSE SME platform.
Prevest Denpro came out with an initial public offering of 31,68,000 equity shares of face value of Rs. 10 for Rs. 84 per equity share, aggregating to Rs. 26.61 crore. The company successfully completed its public issue on September 17.
The company will use the proceeds for its IPO mostly for expanding its business, the draft read.
Prevest Denpro Limited is a Jammu-based company engaged in the business of manufacturing and marketing dental materials for diagnosing, treating and preventing dental conditions as well as improving the aesthetics of the human smile.
The company’s product portfolio covers a wide spectrum of materials for endodontics, prosthodontics, orthodontics, periodontics, restorative dentistry, aesthetic dentistry and laboratory consumables.
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