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Dev Labtech Venture IPO vs Sotac Pharmaceuticals IPO

Comparison between Dev Labtech Venture IPO and Sotac Pharmaceuticals IPO.

IPO Details

Dev Labtech Venture IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Sotac Pharmaceuticals IPO is a SME Bookbuilding proposed to list at NSE SME.

 Dev Labtech Venture IPOSotac Pharmaceuticals IPO
LogoDev Labtech Venture IPO LogoSotac Pharmaceuticals IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Kfin Technologies Ltd.
Market MakerSunflower Broking Pvt.Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor 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 Sotac Pharmaceuticals IPO is up to ₹31.64 Cr. The final issue price of Dev Labtech Venture IPO is ₹51.00 per share and of Sotac Pharmaceuticals IPO is ₹111.00 per share.

 Dev Labtech Venture IPOSotac Pharmaceuticals IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹105.00 per share
Issue Price (Upper)₹111.00 per share
Issue Price (Final)₹51.00 per share₹111.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1200 shares
Fresh Issue Size20,88,000 shares28,50,000 shares
Fresh Issue Size (Amount)up to ₹10.65 Crup to ₹31.64 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total20,88,000 shares28,50,000 shares
Issue Size Total (Amount)up to ₹10.65 Crup to ₹31.64 Cr

IPO Timetable

Dev Labtech Venture IPO opens on Mar 17, 2023, while Sotac Pharmaceuticals IPO opens on Mar 29, 2023. The closing date of Dev Labtech Venture IPO and Sotac Pharmaceuticals IPO is Mar 21, 2023, and Apr 03, 2023, respectively.

 Dev Labtech Venture IPOSotac Pharmaceuticals IPO
Anchor Bid DateMar 28, 2023
Issue OpenMar 17, 2023Mar 29, 2023
Issue CloseMar 21, 2023Apr 03, 2023
Basis Of Allotment (Tentative)Mar 24, 2023Apr 10, 2023
Initiation of Refunds (Tentative)Mar 27, 2023Apr 11, 2023
Credit of Share (Tentative)Mar 28, 2023Apr 12, 2023
Listing date (Tentative)Mar 29, 2023Apr 13, 2023
Anchor Lockin End date 1May 10, 2023
Anchor Lockin End date 2Jul 09, 2023

Financials & KPIs

Dev Labtech Venture IPO P/E ratio is 32.9, as compared to Sotac Pharmaceuticals IPO P/E ratio of 132.14.

 Dev Labtech Venture IPOSotac Pharmaceuticals 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
Sotac Pharmaceuticals Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-203,038.212,882.648.75305.7375.7315.13
31-Mar-213,469.754,894.97-236.54249.3619.361,035.80
31-Mar-223,525.357,337.02287.86662.19432.191,134.59
30-Sep-226,461.603,994.6546.55797.41567.412,185.52
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)92.6684.63
Promoter Shareholding (Post-Issue)68.01
P/E Ratio32.9132.14
Market Cap₹42.18 Cr.₹122.66 Cr.
ROE6.38%
ROCE19.03%
Debt/Equity2.74
EPS
RoNW

Shares Offered

In the Dev Labtech Venture IPO Retail Individual Investors (RII) are offered 10,44,000 shares while in Sotac Pharmaceuticals IPO retail investors are offered 10,44,000 shares. Qualified Institutional Buyers (QIB) are offered in Dev Labtech Venture IPO and 5,70,000 shares in Sotac Pharmaceuticals IPO.

 Dev Labtech Venture IPOSotac Pharmaceuticals IPO
Anchor Investor Reserveration8,53,200 shares
Market Maker Reserveration1,12,000 shares1,50,000 shares
QIB5,70,000 shares
NII10,44,000 shares4,28,400 shares
RII10,44,000 shares9,98,400 shares
Employee
Others
Total20,88,000 shares28,50,000 shares

Bids Received (Subscription)

Dev Labtech Venture IPO subscribed 5.47x in total, whereas Sotac Pharmaceuticals IPO subscribed 1.60x.

 Dev Labtech Venture IPOSotac Pharmaceuticals IPO
QIB (times)1.00x
NII (times)2.65x4.04x
Big NII (times)
Small NII (times)
RII (times)8.24x0.91x
Employee (times)
Other (times)
Total (times)5.47x1.60x