Business Standard

Dev Labtech Venture Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

11.22 cr

Price Range (₹)

51

Lot Size

2000

Min Investment (₹)

1,02,000.00

Listing Exchange

BSE - SME

Open Date

17-Mar-2023

Close Date

21-Mar-2023

Listing Date

29-Mar-2023

Dev Labtech Venture Ltd News

    The Shares of Dev Labtech Venture Ltd have now been listed.

    Dev Labtech Venture Ltd IPO Details

    Initial public issue of 22,00,000 equity shares of Rs. 10/- each (Equity Shares) of Dev Labtech Venture Limited (DLVL or the Company or the Issuer) for cash at a price of Rs. 51/- per equity share including a share premium of Rs. 41/- per equity share (the Issue Price), aggregating to Rs. 11.22 croress (The Issue), of which upto 1,12,000 equity shares of Rs. 10/- each for cash at a price of Rs. 51/- per equity share including a share premium of Rs. 41/- per equity share aggregating to Rs. 0.57 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of upto 20,88,000 equity shares of Rs. 10/- each including a share premium of Rs. 51/- per equity share aggregating to Rs. 10.65 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.60% and 25.24%, respectively of the post issue paid up equity share capital of the company.The face value of the equity share is Rs. 10/- and the issue price is Rs. 51/- the issue price is 5.1 times of the face value.

    Objective of issue

    To meet the capital expenditure requiremnts. To meet working capital requirement. General corporate purposes.

    Dev Labtech Venture Ltd Contact Details

    Dev Labtech Venture Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - info@devlabtechventure.com

    Website - www.devlabtechventure.com