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Category :
IPO
Headline :
Dev Labtech Venture announces launch of initial public offering
Date:
15/03/2023 11:20
Dev Labtech Venture Ltd. has announced public offering of 2200000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 41.00 per share. The gross proceeds of the issue are expected to be Rs 1,122.00 lakhs.
The company's initial public offer (IPO) will open on 17 March 2023 and is expected to close on 21 March 2023, subject to customary closing conditions.
The IPO includes a fresh Issue of 2200000 Equity Shares of the Company at an price of Rs 51.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.
Dev Labtech Venture Ltd. anticipates using the proceeds of the issue for
To Meet the Capital Expenditure Requirements
To Meet Working Capital Requirement
General Corporate Purpose
To Meet the Issue Expenses.
Beeline Capital Advisors Pvt. Ltd. as lead manager & Link Intime India Private Limited is the registrar, to the issue.
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