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Dev Labtech Venture IPO vs Nirman Agri Genetics IPO

Comparison between Dev Labtech Venture IPO and Nirman Agri Genetics IPO.

IPO Details

Dev Labtech Venture IPO is a SME Fixed Price IPO proposed to list at BSE SME while Nirman Agri Genetics IPO is a SME Fixed Price proposed to list at NSE SME.

 Dev Labtech Venture IPONirman Agri Genetics IPO
LogoDev Labtech Venture IPO LogoNirman Agri Genetics IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.First Overseas Capital Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.NNM Securities Pvt.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 Nirman Agri Genetics IPO is up to ₹19.27 Cr. The final issue price of Dev Labtech Venture IPO is ₹51.00 per share and of Nirman Agri Genetics IPO is ₹99.00 per share.

 Dev Labtech Venture IPONirman Agri Genetics IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹51.00 per share₹99.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1200 shares
Fresh Issue Size20,88,000 shares19,46,400 shares
Fresh Issue Size (Amount)up to ₹10.65 Crup to ₹19.27 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total20,88,000 shares19,46,400 shares
Issue Size Total (Amount)up to ₹10.65 Crup to ₹19.27 Cr

IPO Timetable

Dev Labtech Venture IPO opens on Mar 17, 2023, while Nirman Agri Genetics IPO opens on Mar 15, 2023. The closing date of Dev Labtech Venture IPO and Nirman Agri Genetics IPO is Mar 21, 2023, and Mar 20, 2023, respectively.

 Dev Labtech Venture IPONirman Agri Genetics IPO
Anchor Bid Date
Issue OpenMar 17, 2023Mar 15, 2023
Issue CloseMar 21, 2023Mar 20, 2023
Basis Of Allotment (Tentative)Mar 24, 2023Mar 23, 2023
Initiation of Refunds (Tentative)Mar 27, 2023Mar 24, 2023
Credit of Share (Tentative)Mar 28, 2023Mar 27, 2023
Listing date (Tentative)Mar 29, 2023Mar 28, 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 Nirman Agri Genetics IPO P/E ratio of 14.93.

 Dev Labtech Venture IPONirman Agri Genetics 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
Nirman Agri Genetics Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-21164.06382.215.476.4799.19
31-Mar-22595.871,348.91256.02264.41124.67
31-Oct-22915.701,804.28230.44447.51171.41
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)92.6699.99
Promoter Shareholding (Post-Issue)68.0165.59
P/E Ratio32.914.93
Market Cap₹42.18 Cr.₹59.01 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 Nirman Agri Genetics IPO retail investors are offered 10,44,000 shares. Qualified Institutional Buyers (QIB) are offered in Dev Labtech Venture IPO and in Nirman Agri Genetics IPO.

 Dev Labtech Venture IPONirman Agri Genetics IPO
Anchor Investor Reserveration
Market Maker Reserveration1,12,000 shares1,04,400 shares
QIB
NII10,44,000 shares9,73,200 shares
RII10,44,000 shares9,73,200 shares
Employee
Others
Total20,88,000 shares19,46,400 shares

Bids Received (Subscription)

Dev Labtech Venture IPO subscribed 5.47x in total, whereas Nirman Agri Genetics IPO subscribed 1.71x.

 Dev Labtech Venture IPONirman Agri Genetics IPO
QIB (times)
NII (times)2.65x1.22x
Big NII (times)
Small NII (times)
RII (times)8.24x2.20x
Employee (times)
Other (times)
Total (times)5.47x1.71x