Prevest DenPro IPO oversubscribed by 38.12 times

Excelsior Correspondent
JAMMU, Sept 17: Prevest DenPro IPO received unprecedented response from the investors in all segments across the country, thus creating a history on BSE SME Platform.
According to Ajay Thakur, Head BSE SME, the issue saw QIB portion subscribed 5.78 times which was unprecedented. The issue got total subscription of 38.12 times, he added.
In a joint statement issued by Atul Modi and Namrata Modi, the promoters of the company said that the astonishing, remarkable and overwhelming response from the investors speak about the consistent performance, commitment to quality, ethical business policies, commitment to customers, vendors, employees and above all a high vision for growth. They assured all the investors of high growth of the company in the coming times.