Dev Labtech Venture IPO vs Prospect Commodities IPO

Comparision between Dev Labtech Venture IPO and Prospect Commodities IPO.

IPO Details

Dev Labtech Venture IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Prospect Commodities IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Dev Labtech Venture IPO	Prospect Commodities IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Interactive Financial Services Ltd
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Sunflower Broking Private Limited	Beeline Broking Ltd.
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 Prospect Commodities IPO is up to ₹7.48 Cr. The final issue price of Dev Labtech Venture IPO is ₹51.00 per share and of Prospect Commodities IPO is ₹61.00 per share.

	Dev Labtech Venture IPO	Prospect Commodities IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹51.00 per share	₹61.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	22,00,000 shares	12,26,000 shares
Fresh Issue Size (Amount)	up to ₹11.22 Cr	up to ₹7.48 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	22,00,000 shares	12,26,000 shares
Issue Size Total (Amount)	up to ₹11.22 Cr	up to ₹7.48 Cr

IPO Timetable

Dev Labtech Venture IPO opens on Mar 17, 2023, while Prospect Commodities IPO opens on Mar 08, 2023. The closing date of Dev Labtech Venture IPO and Prospect Commodities IPO is Mar 21, 2023, and Mar 13, 2023, respectively.

	Dev Labtech Venture IPO	Prospect Commodities IPO
Anchor Bid Date
Issue Open	Mar 17, 2023	Mar 08, 2023
Issue Close	Mar 21, 2023	Mar 13, 2023
Basis Of Allotment (Tentative)	Mar 24, 2023	Mar 16, 2023
Initiation of Refunds (Tentative)	Mar 27, 2023	Mar 17, 2023
Credit of Share (Tentative)	Mar 28, 2023	Mar 20, 2023
Listing date (Tentative)	Mar 29, 2023	Mar 20, 2023
Anchor Lockin End date 1	Apr 23, 2023	Apr 15, 2023
Anchor Lockin End date 2	Jun 22, 2023	Jun 14, 2023

Financials

Dev Labtech Venture IPO P/E ratio is 32.9, as compared to Prospect Commodities IPO P/E ratio of 31.44.

Dev Labtech Venture IPO

Prospect Commodities 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

Prospect Commodities Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-22	1.05	0.00	-0.15	0.85	-0.15	0.05
30-Nov-22	977.07	839.98	52.85	293.70	52.70	363.57
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

92.66%

88.44%

Promoter Shareholding (Post-Issue)

68.01%

61.94%

P/E Ratio

32.9

31.44

Market Cap

₹42.18 Cr.

₹24.95 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 Prospect Commodities IPO retail investors are offered 10,44,000 shares. Qualified institutional buyers (QIB) are offered in Dev Labtech Venture IPO and in Prospect Commodities IPO.

	Dev Labtech Venture IPO	Prospect Commodities IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,12,000 shares	62,000 shares
QIB
NII	10,44,000 shares	5,82,000 shares
RII	10,44,000 shares	5,82,000 shares
Employee
Others
Total	20,88,000 shares	11,64,000 shares

Bids Received (Subscription)

Dev Labtech Venture IPO subscribed 5.47x in total, whereas Prospect Commodities IPO subscribed 5.31x.

	Dev Labtech Venture IPO	Prospect Commodities IPO
QIB (times)
NII (times)	2.65x	6.85x
Big NII (times)
Small NII (times)
RII (times)	8.24x	3.76x
Employee (times)
Other (times)
Total (times)	5.47x	5.31x

Compare with others

Dev Labtech Venture IPO	Prospect Commodities IPO
Sotac Pharmaceuticals IPO	Dev Labtech Venture IPO
MOS Utility IPO	Nirman Agri Genetics IPO
Infinium Pharmachem IPO	Labelkraft Technologies IPO
Maiden Forgings IPO	VELS Film International IPO
Command Polymers IPO	Bright Outdoor Media IPO
Nirman Agri Genetics IPO	Quality Foils (India) IPO
Labelkraft Technologies IPO	Sudarshan Pharma Industries IPO
VELS Film International IPO	Vertexplus Technologies IPO
Bright Outdoor Media IPO	MCON Rasayan IPO
Prospect Commodities IPO	Systango Technologies IPO

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