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Dev Labtech Venture IPO vs Maiden Forgings IPO

Comparison between Dev Labtech Venture IPO and Maiden Forgings IPO.

IPO Details

Dev Labtech Venture IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Maiden Forgings IPO is a SME Bookbuilding proposed to list at BSE SME.

 Dev Labtech Venture IPOMaiden Forgings IPO
LogoDev Labtech Venture IPO LogoMaiden Forgings IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Share India Capital Services Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Maashitla Securities Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.Share India Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Dev Labtech Venture IPO is up to ₹10.65 Cr whereas the issue size of the Maiden Forgings IPO is up to ₹22.64 Cr. The final issue price of Dev Labtech Venture IPO is ₹51.00 per share and of Maiden Forgings IPO is ₹63.00 per share.

 Dev Labtech Venture IPOMaiden Forgings IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹60.00 per share
Issue Price (Upper)₹63.00 per share
Issue Price (Final)₹51.00 per share₹63.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares2000 shares
Fresh Issue Size20,88,000 shares35,94,000 shares
Fresh Issue Size (Amount)up to ₹10.65 Crup to ₹22.64 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total20,88,000 shares35,94,000 shares
Issue Size Total (Amount)up to ₹10.65 Crup to ₹22.64 Cr

IPO Timetable

Dev Labtech Venture IPO opens on Mar 17, 2023, while Maiden Forgings IPO opens on Mar 23, 2023. The closing date of Dev Labtech Venture IPO and Maiden Forgings IPO is Mar 21, 2023, and Mar 27, 2023, respectively.

 Dev Labtech Venture IPOMaiden Forgings IPO
Anchor Bid Date
Issue OpenMar 17, 2023Mar 23, 2023
Issue CloseMar 21, 2023Mar 27, 2023
Basis Of Allotment (Tentative)Mar 24, 2023Mar 31, 2023
Initiation of Refunds (Tentative)Mar 27, 2023Apr 03, 2023
Credit of Share (Tentative)Mar 28, 2023Apr 05, 2023
Listing date (Tentative)Mar 29, 2023Apr 06, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Dev Labtech Venture IPO P/E ratio is 32.9, as compared to Maiden Forgings IPO P/E ratio of 8.38.

 Dev Labtech Venture IPOMaiden Forgings IPO
Financials
Dev Labtech Venture Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20711.231,178.850.04144.80123.84154.05
31-Mar-21713.731,228.113.65148.45127.50177.53
31-Mar-22888.242,698.0143.62192.0766.35122.58
30-Sep-221,166.65966.4364.12717.86232.17114.52
Amount in ₹ Lakhs
Maiden Forgings Limited Financial Information (Restated Standalone)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-209,890.0520,440.37165.952,136.921,672.025,788.13
31-Mar-2110,484.2519,937.49168.942,899.112,377.715,428.93
31-Mar-2211,014.2321,083.72213.943,113.052,591.656,170.75
31-Dec-2212,595.6916,381.04801.513,914.562,871.766,525.17
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)92.66100
Promoter Shareholding (Post-Issue)68.0173.37
P/E Ratio32.98.38
Market Cap₹42.18 Cr.₹89.54 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Dev Labtech Venture IPO Retail Individual Investors (RII) are offered 10,44,000 shares while in Maiden Forgings IPO retail investors are offered 10,44,000 shares. Qualified Institutional Buyers (QIB) are offered in Dev Labtech Venture IPO and 3,60,000 shares in Maiden Forgings IPO.

 Dev Labtech Venture IPOMaiden Forgings IPO
Anchor Investor Reserveration
Market Maker Reserveration1,12,000 shares1,90,000 shares
QIB3,60,000 shares
NII10,44,000 shares9,70,000 shares
RII10,44,000 shares22,64,000 shares
Employee
Others
Total20,88,000 shares35,94,000 shares

Bids Received (Subscription)

Dev Labtech Venture IPO subscribed 5.47x in total, whereas Maiden Forgings IPO subscribed 1.20x.

 Dev Labtech Venture IPOMaiden Forgings IPO
QIB (times)1.00x
NII (times)2.65x1.42x
Big NII (times)
Small NII (times)
RII (times)8.24x1.12x
Employee (times)
Other (times)
Total (times)5.47x1.20x