Dev Labtech Venture IPO vs Maiden Forgings IPO

Comparision between Dev Labtech Venture IPO and Maiden Forgings IPO.

IPO Details

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

	Dev Labtech Venture IPO	Maiden Forgings IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	BSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Share India Capital Services Private Limited
Registrar	Link Intime India Private Ltd	Maashitla Securities Private Limited
Market Maker	Sunflower Broking Private Limited	Share India Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Dev Labtech Venture IPO is up to ₹11.22 Cr whereas the issue size of the Maiden Forgings IPO is up to ₹23.84 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 IPO	Maiden 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)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	22,00,000 shares	37,84,000 shares
Fresh Issue Size (Amount)	up to ₹11.22 Cr	up to ₹23.84 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	22,00,000 shares	37,84,000 shares
Issue Size Total (Amount)	up to ₹11.22 Cr	up to ₹23.84 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 IPO	Maiden Forgings IPO
Anchor Bid Date		Mar 22, 2023
Issue Open	Mar 17, 2023	Mar 23, 2023
Issue Close	Mar 21, 2023	Mar 27, 2023
Basis Of Allotment (Tentative)	Mar 24, 2023	Mar 31, 2023
Initiation of Refunds (Tentative)	Mar 27, 2023	Apr 03, 2023
Credit of Share (Tentative)	Mar 28, 2023	Apr 05, 2023
Listing date (Tentative)	Mar 29, 2023	Apr 06, 2023
Anchor Lockin End date 1	Apr 23, 2023	Apr 30, 2023
Anchor Lockin End date 2	Jun 22, 2023	Jun 29, 2023

Financials

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 IPO

Maiden Forgings IPO

Financial

Dev Labtech Venture Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	711.23	1,178.85	0.04	144.80	123.84	154.05
31-Mar-21	713.73	1,228.11	3.65	148.45	127.50	177.53
31-Mar-22	888.24	2,698.01	43.62	192.07	66.35	122.58
30-Sep-22	1,166.65	966.43	64.12	717.86	232.17	114.52
Amount in ₹ Lakhs

Maiden Forgings Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	9,890.05	20,440.37	165.95	2,136.92	1,672.02	5,788.13
31-Mar-21	10,484.25	19,937.49	168.94	2,899.11	2,377.71	5,428.93
31-Mar-22	11,014.23	21,083.72	213.94	3,113.05	2,591.65	6,170.75
31-Dec-22	12,595.69	16,381.04	801.51	3,914.56	2,871.76	6,525.17
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

92.66%

100%

Promoter Shareholding (Post-Issue)

68.01%

73.37%

P/E Ratio

32.9

8.38

Market Cap

₹42.18 Cr.

₹89.54 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Dev Labtech Venture IPO retail 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 IPO	Maiden Forgings IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,12,000 shares	1,90,000 shares
QIB		3,60,000 shares
NII	10,44,000 shares	9,70,000 shares
RII	10,44,000 shares	22,64,000 shares
Employee		0 shares
Others
Total	20,88,000 shares	37,84,000 shares

Bids Received (Subscription)

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

	Dev Labtech Venture IPO	Maiden Forgings IPO
QIB (times)		1.00x
NII (times)	2.65x	1.42x
Big NII (times)
Small NII (times)
RII (times)	8.24x	1.12x
Employee (times)
Other (times)
Total (times)	5.47x	1.20x

Compare with others

Dev Labtech Venture IPO	Maiden Forgings IPO
Sotac Pharmaceuticals IPO	Sancode Technologies IPO
MOS Utility IPO	Exhicon Events IPO
Infinium Pharmachem IPO	Sotac Pharmaceuticals IPO
Maiden Forgings IPO	MOS Utility IPO
Command Polymers IPO	Infinium Pharmachem IPO
Nirman Agri Genetics IPO	Command Polymers IPO
Labelkraft Technologies IPO	Dev Labtech Venture IPO
VELS Film International IPO	Nirman Agri Genetics IPO
Bright Outdoor Media IPO	Labelkraft Technologies IPO
Prospect Commodities IPO	VELS Film International IPO

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