Dev Labtech Venture Ltd - IPO

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