Dev Labtech Venture Ltd. debuts with 0.00% discount at Rs 51.00
29/03/2023 12:50
Dev Labtech Venture Ltd. makes a flat debut on the bourses with scrip got listed at Rs 51.00 on the Bombay Stock Exchange, a 0.00 per cent discount to its issue price of Rs 51.00.

The company, which raised 0.22 Cr from initial public offering, was subscribed 5.20 times, receiving bids for 114.40 lakhs shares against the total issue size of 22.00 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Mar 17 to Mar 21.

Following a flat opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.

The company anticipates using the proceeds of the issue for To Meet the Capital Expenditure Requirements To Meet Working Capital Requirement General Corporate Purpose To Meet the Issue Expenses.

Beeline Capital Advisors Pvt. Ltd. as lead managers & Link Intime India Private Limited is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 57,613.72, down 40.14 points, or 0.06 per cent.