IPO Details

Dev Labtech Venture Ltd
Registered Office: GF/22-23 Pattani Plaza Dairy, Road Near Nilambaug Circle, Bhavnagar - 364002, Gujarat
Phone: 91-0278-2995027
Email: info@devlabtechventure.com
Website: www.devlabtechventure.com
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-2023	21-Mar-2023	₹ 51.00	₹ 0.00

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

Promoted By
Jerambhai Lavjibhai Donda
Labhuben Jerambhai Donda
Jay Jerambhai Donda

Listing At
BSE - SME

Registrar to the Issue