ForeverLearner IPO Review

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IPO Reviews by ForeverLearner

IPO	Review
Dev Labtech Venture Limited IPO	Avoid The Price to Earnings is 60 as per the DRHP based on the FY 2022 earnings and I consider this too high a valuation with no listed peers to justify the valuation, also the remuneration drawn by the directors cumulatively is Rs 7/lacs per annum which is totally unjustified. March 21, 2023 12:53:29 PM

IPO

Review

Dev Labtech Venture Limited IPO

Avoid

The Price to Earnings is 60 as per the DRHP based on the FY 2022 earnings and I consider this too high a valuation with no listed peers to justify the valuation, also the remuneration drawn by the directors cumulatively is Rs 7/lacs per annum which is totally unjustified.

March 21, 2023 12:53:29 PM

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