Prevest Denpro Limited IPO Message Board (Page 5)

Applied.

Thanks.

Dear Aniketiaf Jee,
I request you to kindly read some observations on the company founded by one of the members on this handle in Comment no:-33 and give your view on that after reading it.

He has pointed out very alerting points in RHP and also mentioned page numbers with it and I have also verified it from RHP after reading that.

Jindal ji,

Chote Mote observations har company mai hote hain.
Behtar ye hoga ki apply karen aur allotment ke liye pray karen ( Mere liye v 😃)

Thanks.

Latest subscription figure
Quib 4.37
Nii 21.54
Retail19.39.

NII 35 RII 20 now

What is the basis of allotment for HNI and Retail category. Applying 1 lot in Retail or 2 lots in HNI will have higher probability of allotment. Thanks in advance

Dear Vinayagam,
Application above 2L is treated as an HNI. In this IPO one had to apply for min 2 lots to qualify as an HNI

Need PhD and size 58

Applied 1 Lot First Time Applied SME Ipo

Please Help In Explaining Procedure For Holding Selling Or Its Same As Main Broad Ipo

Chance Of Allotment Is Very Less

Sme ipos have same listing times like main ipos ?

9 to 9.45 pre open
10 am regularly

Can place order in preopen ?

Pre open depends on broker.
You have to ask your broker.
Some broker allows , some not.

Thanks for reply

I have in zerodha ...

Any idea is zerodha allow placing order in preopen of sme

How to download blank sme ipo form for this ipo ?
Please share link..
Bse site for downloading ipo form not working

@chittorgarh.com please help

https://www.bseindia.com/markets/publicIssues/DisplayIPO.aspx?id=2414&type=IPO&idtype=1&status=F&IPONo=5510&startdt=09/15/202

Open the link and download the form.

Thanks.

Kya koie bhai ek application provide karwa sakta hein kya prevest ipo mein apply karne ke liye

The number of comments is changing so I am posting those observations here so that there is no confusion. With due respect, all research is done by that member only. I am just posting his points here to seek your guidance on it.

A few points bother me about the company. Would like others to respond, in case they have a view on these:

1) Receivables over 6 months have shot up to Rs 3.64 cr as on March 31, 2021. Was only Rs 4 lakhs (March 2020) and Rs 18 lakhs (March 2019). Thus large payment is outstanding for over 6 months from customers. Have they pushed sales just ahead of IPO and are now struggling to collect money? (Page 165 of RHP)

2) Trade payables (money they owe to suppliers) has shot up to Rs 3.9 cr as on March 31, 2021. It was Rs 1.38 cr (March 2020) and Rs 1.24 cr (March2019). Helps to show a higher cash flow (Page 161 of RHP)

3) They claim to be an R&D company with over 100 products. But the money spend on R&D was only Rs 92,000 in FY2021, Rs 76,000 in FY2020 and Rs 11.8 lakhs in FY2019. (Page 169 of RHP)

4) Salary of promoters in FY2021 was Rs 55 lakhs per annum each for Mr Modi and Mrs Modi. This has been increased to Rs 12 lakhs PER MONTH EACH for Mr and Mrs Modi for FY2022 (ie. Rs 1.44 cr each per annum + perks). Total together, they will take a salary of Rs 2.88 cr per annum. This will be reflected in the profit & loss account for FY2022. Incidentally, the total salary bill for the entire company was Rs 4.51 cr in FY2021. (Page 127 of RHP).

5) Promoters have given unsecured loans to the company and are getting 12% per annum interest on them while bank fixed deposits give around 4% per annum. (Page 160 of RHP).

Unblocking of funds of this SME IPO is possible before cutt off time of applying Paras defence?

99% no 1% yes....

Safe side arrangement extra money

A few points bother me about the company. Would like others to respond, in case they have a view on these:

1)      Receivables over 6 months have shot up to Rs 3.64 cr as on March 31, 2021. Was only Rs 4 lakhs (March 2020) and Rs 18 lakhs (March 2019). Thus large payment is outstanding for over 6 months from customers. Have they pushed sales just ahead of IPO and are now struggling to collect money? (Page 165 of RHP)

2)      Trade payables (money they owe to suppliers) has shot up to Rs 3.9 cr as on March 31, 2021. It was Rs 1.38 cr (March 2020) and Rs 1.24 cr (March2019). Helps to show a higher cash flow (Page 161 of RHP)

3)      They claim to be an R&D company with over 100 products. But the money spend on R&D was only Rs 92,000 in FY2021, Rs 76,000 in FY2020 and Rs 11.8 lakhs in FY2019. (Page 169 of RHP)

4)      Salary of promoters in FY2021 was Rs 55 lakhs per annum each for Mr Modi and Mrs Modi. This has been increased to Rs 12 lakhs PER MONTH EACH for Mr and Mrs Modi for FY2022 (ie. Rs 1.44 cr each per annum + perks). Total together, they will take a salary of Rs 2.88 cr per annum. This will be reflected in the profit & loss account for FY2022. Incidentally, the total salary bill for the entire company was Rs 4.51 cr in FY2021. (Page 127 of RHP).

5)      Promoters have given unsecured loans to the company and are getting 12% per annum interest on them while bank fixed deposits give around 4% per annum. (Page 160 of RHP).

Will be keen to know the views of others.

Thanks

Good observations and alerting points.

Very good observations.

Any GMP

Subject to 11111

Hi Board Members,

I am a retail investor, planning to invest in SMEs from last one year. I found Prevest Denpro to be a good business, in the medical product.

* I researched the company and market. Denstist''s feel the products are of very good quality.
* Dental health care is in its nascent stage and is going to increase in India.
* The management, mainly the founders have good experience in these products.
* Company has products listed in Amazon and in its online store.
* Company has good competetion from limited players in the market. But they can carve their niche by quality product and on price as most of the competitors are MNC.
* People./company compare with 3M, but 3M is very diversified in all industries, where as this company is specialized in dentistry.
*Their IPO proceeds are for expansion of plant/ capacity in Jammu itself.

-> This must be a long-term play as per me. This is a differentiated player in the SME segment.
-> Some members complained about low reserves due to dividends before IPO. on further search, I understood that it is better the promoters take their contribution as a dividend rather than siphoning later.

-> If company maintains its business, and improves its sales network, it can create wonders.
-> I am planning to apply 2 lots from 2 accounts.

********************************
No recommendation
SME IPOs carry big risks[and rewards too]. Please do your own research

Dear Friends , Today SME IPO BEW Eng. listed with 130 % premium & hit UC on NSE.

Small Retailors who were allotted earned up to 150000 per lot.

So be ready to take some risk.

Already Earned a heavy listing gain in EKI,
This IPO also has the same anchor, same LM but this time in QIB some FIIs applied (Hope this FII will not sell on a listing day) , in EKI QIB was set (exact 1X subscription).

In Retail chance of allotment is also less, A risky bet, so not applying in this, also while going through RHP not getting confidence.

any experienced member, please suggest which one to apply in HNI, means which one is better from these two and less risky :
markolines traffic controls and prevest denpro ?

atleast in first 2 days, this one got vry good subscription in retail in compare to markolines traffic, i know last date for other ipo is 20th sept still difference in subscription is huge...

Prevest Denpro IMO

I am too going to apply 2 out of 4 applications in HNI and the rest 2 as RII.

Regarding Markolines , it is wait and watch till Monday 1 PM. After that only we can decide to apply as RII.

I think pharma is better than infra. Another infra SME SBL is also going on.It has weak response.

Any idea why receivables over 6 months are very high at Rs 3.64 cr as on March 31, 2021 (page 65 of RHP).

They were only Rs 4.5 lakhs (March 2020) and Rs 18 lakhs (March 2019).

I hope they have not gone for aggressive sales just to inflate sales for FY2021 (when most dental clinics were shut due to covid).

Will be helpful if someone can comment.

Thanks

Sorry, page 165 of RHP. Having sold products and not received payment for over 6 months is alarming.

Can anyone shed any light on this aspect?

Thanks

Good catch 🏏
Now it seems risky.

S2 9500 .

But sme

So sold in gra and apply

how to sell the application? I have few applications if anyone interested, i can give it up.

11.5.Now

Hem Securities is the LM and Hem itself says neutral in IPO, what in the world?

Also EKI Energy and KNEW

@Scrip
KMEW has doubled in last week, missed the rally, but what happened that it rose so fast.

anyone having idea of sme ipo''s and this ipo, how much it can subscribe in hni category by last day tomorrow?

it will aaraam se go for 20 - 25 times retail.

S2 10000

8500 in Rajkot

am ready to sell this sauda. anybody interested, can call me.