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Dev Labtech Venture IPO is a book build IPO listing on BSE SME exchange. The company is based in Bhavnagar and caters to Jewellery sector. Beeline Capital Advisors Private is the merchant banker of Dev Labtech Venture IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 12th January 2023.
Dev Labtech Venture IPO open date is 17th March 2023 and close date is 21st March 2023. IPO Allotment Date is 24th March 2023 and Listing date is 29th March 2023.Dev Labtech Venture IPO size is Rs 11.22 Cr. crores with IPO price of Rs 51.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Beeline Capital Advisors Private Limited is the book-running lead manager of the Dev Labtech Venture IPO. Link Intime India Private Limited is the Registrar and Market Maker is Sunflower Broking Private Limited for Dev Labtech Venture IPO.
Dev Labtech Venture IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Dev Labtech Venture IPO, based in Bhavnagar, operates in the Jewellery sector with a focus on Manufacturing, marketing and sourcing of diamonds. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Dev Labtech Venture IPO size is ₹ 11.22 Cr. Crores with fresh issue size of Rs 11.22 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Dev Labtech Venture IPO is expected to be 24th March 2023, after the finalization of basis of allotment. Investors can check Dev Labtech Venture IPO allotment status on the registrars website, Link Intime India Private Limited. Dev Labtech Venture IPO refund dates are 27th March 2023.
Dev Labtech Venture IPO is expected to be listed on 29th March 2023.
The upper price band for the Dev Labtech Venture IPO is set at ₹ 51.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Dev Labtech Venture IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Dev Labtech Venture IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 21st March 2023. After submission, funds are blocked until the basis of allotment of Dev Labtech Venture IPO is finalised.
The merchant banker for Dev Labtech Venture IPO is Beeline Capital Advisors Private Limited . Beeline Capital Advisors Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Dev Labtech Venture IPO RHP for further details.
The registrar for Dev Labtech Venture IPO is Link Intime India Private Limited. Investors can go to Link Intime India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Dev Labtech Venture IPO through their official website or helpline.
Dev Labtech Venture IPO was subscribed 5.47 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 11.22 Cr.
Avg IPO Size (Sector Based)
:
₹ 15.86 Cr.
Sector: Jewellery
SME IPO so far:
41
Merchant Banker:
Beeline Capital
SME IPO by BRLM so far:
47
City:
Bhavnagar
SME IPO so far:
8
Revenue (annualised):
₹ 18.80 cr.
PE
Ratio:
32.90x
Average Sector PE Ratio: 25.29x
Dev Labtech Venture IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Dev Labtech Venture Financial Review Page
Merchant Banker(s) of Dev Labtech Venture IPO: Beeline Capital Advisors Private Limited
Dev Labtech Venture IPO subscription was 5.47 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Dev Labtech Venture IPO listed at a listing price of 51.00 against the offer price of 51.00.
The current market price of Dev Labtech Venture is 69.70.
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