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IPO Synopsis

Dev Labtech Venture Ltd
Registered Office: GF/22-23 Pattani Plaza Dairy,Road Near Nilambaug Circle , Bhavnagar - 364002 , Gujarat , India.
Phone : 91-0278-2995027   Fax:
Email :  
Website :
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.

Issue Money Payable On
Opens On Closes On Application Allotment
17-Mar-23 21-Mar-23 (Rs)51.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :2000  Further Multiples of :2000

  (Rs Cr) Lead Managers to the Issue
Project Cost 10.82 Beeline Capital Advisors Pvt Ltd
Project Financed through Current Offer 11.22  
Post Issue Equity Share Capital 8.27  
Issue Price (Rs)51.00  
To meet the capital expenditure requiremnts General corporate purposes
To meet working capital requirement
Promoted By
Jerambhai Lavjibhai Donda  
Labhuben Jerambhai Donda  
Jay Jerambhai Donda  
Listing At
Registrar to the Issue
No Data Found.

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