Dev Labtech Venture IPO vs MOS Utility IPO

Comparison between Dev Labtech Venture IPO and MOS Utility IPO.

IPO Details

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

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 MOS Utility IPO is up to ₹47.46 Cr. The final issue price of Dev Labtech Venture IPO is ₹51.00 per share and of MOS Utility IPO is ₹76.00 per share.

 Dev Labtech Venture IPOMOS Utility IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹72.00 per share
Issue Price (Upper)₹76.00 per share
Issue Price (Final)₹51.00 per share₹76.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1600 shares
Fresh Issue Size20,88,000 shares54,44,800 shares
Fresh Issue Size (Amount)up to ₹10.65 Crup to ₹41.38 Cr
OFS Issue Size0 shares8,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹6.08 Cr
Issue Size Total20,88,000 shares62,44,800 shares
Issue Size Total (Amount)up to ₹10.65 Crup to ₹47.46 Cr

IPO Timetable

Dev Labtech Venture IPO opens on Mar 17, 2023, while MOS Utility IPO opens on Mar 31, 2023. The closing date of Dev Labtech Venture IPO and MOS Utility IPO is Mar 21, 2023, and Apr 06, 2023, respectively.

 Dev Labtech Venture IPOMOS Utility IPO
Anchor Bid DateMar 29, 2023
Issue OpenMar 17, 2023Mar 31, 2023
Issue CloseMar 21, 2023Apr 06, 2023
Basis Of Allotment (Tentative)Mar 24, 2023Apr 12, 2023
Initiation of Refunds (Tentative)Mar 27, 2023Apr 13, 2023
Credit of Share (Tentative)Mar 28, 2023Apr 17, 2023
Listing date (Tentative)Mar 29, 2023Apr 18, 2023
Anchor Lockin End date 1May 12, 2023
Anchor Lockin End date 2Jul 11, 2023

Financials & KPIs

Dev Labtech Venture IPO P/E ratio is 32.9, as compared to MOS Utility IPO P/E ratio of 48.41.

 Dev Labtech Venture IPOMOS Utility IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets11.678.887.147.11
Total Income9.6626.9812.2811.79
Profit After Tax0.640.440.040.00
NET Worth7.181.921.481.45
Reserves and Surplus2.320.661.281.24
Total Borrowing1.151.231.781.54
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets49.7135.1324.5925.13
Total Income54.3580.9667.9291.57
Profit After Tax1.961.580.851.29
NET Worth19.418.456.876.02
Reserves and Surplus0.628.266.685.83
Total Borrowing8.7912.968.125.38
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)92.6682.91
Promoter Shareholding (Post-Issue)68.01
P/E Ratio32.948.41
Market Cap₹42.18 Cr.₹189.51 Cr.
ROE29.6820.59
ROCE0.2212.91
Debt/Equity0.641.53
EPS₹0.84₹0.86
RoNW22.7118.66

Shares Offered

In the Dev Labtech Venture IPO Retail Individual Investors (RII) are offered 10,44,000 shares while in MOS Utility IPO retail investors are offered 10,44,000 shares. Qualified Institutional Buyers (QIB) are offered in Dev Labtech Venture IPO and 15,23,200 shares in MOS Utility IPO.

 Dev Labtech Venture IPOMOS Utility IPO
Anchor Investor Reservation15,98,400 shares
Market Maker Reservation1,12,000 shares3,29,600 shares
QIB15,23,200 shares
NII10,44,000 shares9,37,600 shares
RII10,44,000 shares21,85,600 shares
Employee
Others
Total20,88,000 shares62,44,800 shares

Bids Received (Subscription)

Dev Labtech Venture IPO subscribed 5.47x in total, whereas MOS Utility IPO subscribed 21.14x.

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