Prevest Denpro Limited 346th Company to get listed on BSE SME Platform

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SEBI came out with detailed guidelines on 18th May, 2010 for launching of SME Exchange/Platform. BSE became the first stock exchange to get the approval from SEBI and launch its SME platform on 13th March, 2012.

Prevest Denpro Limited became the 346th company to get listed on the BSE SME Platform on September 27,2021Prevest Denpro Limited came out with an initial public offering of 31,68,000 Equity Shares of Rs.10 Each (“Equity Shares”) For Cash at a Price of Rs.84 Per Equity Share (The “Offer Price”), Aggregating to Rs.26.61 Crore. The company has successfully completed its public issue on September 17, 2021.

Prevest Denpro Limited is Jammu based company. The company engaged in the business of manufacture and market a comprehensive portfolio of dental materials for diagnosing, treating and preventing dental conditions as well as improving the aesthetics of the human smile. Company product portfolio covers a wide spectrum of materials for endodontics, prosthodontics, orthodontics, periodontics, restorative dentistry, aesthetic dentistry and laboratory consumables. 

Mumbai based Hem Securities Limited, was the lead manager to Prevest Denpro Limited

So far, 114 companies have migrated to the main board. The 345 companies listed on BSE SME Platform have raised Rs.3,634.29 crore from the market and total market capitalization of 345 companies as on September 24, 2021 is Rs. 36,419.82 Crore. BSE is the market leader in this segment with a market share of 61 percent.

The response since the launch of this platform by BSE has been very positive till date.

Business Gujarat News

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