Established in 1993, Dev Labtech Venture Limited is a prominent player in the Lab Grown Diamond & Jewellery manufacturing industry. The company’s headquarters is located in Bhavnagar, Gujarat, and it operates through various sales offices.
Recently, Dev Labtech has diversified its operations by venturing into the manufacturing of lab-grown diamonds. Prior to this, the company was solely focused on processing natural diamonds. Over the years, the company has honed its expertise in mapping, designing, cutting, and polishing, demonstrating innovation and efficiency in transforming rough diamonds into beautifully polished gems with minimal wastage.
Dev Labtech Venture Limited boasts an in-house technical and design team dedicated to crafting laboratory-grown diamonds. To ensure the highest quality, the company has implemented rigorous checks at every stage of the manufacturing process, ensuring the superiority of its products.
Driven by a commitment to growth and excellence, the company is actively working towards expanding its product line to include complementary offerings, enriching its product portfolio to cater to the evolving demands of the market.
It emphasis on innovation, craftsmanship, and quality positions them as a premier player in the lab-grown diamond and jewellery industry, serving customers with exquisite products and cutting-edge solutions.
Stock Quote #
- Open: ₹58.00
- High – Low: ₹58.00 – ₹55.44
- Previous Close: ₹57.83
- Total Traded Value: 14,000
- 52 Weeks High: ₹76.70 (May 30, 2023)
- 52 Weeks Low: ₹47.70 (Mar 31, 2023)
- Updated On: Jul 21, 2023 4:00 PM
Dev Labtech Venture IPO Details #
| IPO Date | Mar 17, 2023 to Mar 21, 2023 |
| Listing Date | Mar 29, 2023 |
| Face Value | ₹10 per share |
| Price | ₹51 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,200,000 shares (aggregating up to ₹11.22 Cr) |
| Fresh Issue | 2,200,000 shares (aggregating up to ₹11.22 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 112,000 shares Sunflower Broking |
Dev Labtech Venture IPO Reservation #
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 112,000 (5.09%) |
| Other Shares Offered | 1,044,000 (47.45%) |
| Retail Shares Offered | 1,044,000 (47.45%) |
| Total Shares Offered | 2,200,000 (100%) |
Dev Labtech Venture IPO Timetable (Tentative) #
Dev Labtech Venture IPO opens on Mar 17, 2023, and closes on Mar 21, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Friday, 17 March 2023 |
| Closing Date | Tuesday, 21 March 2023 |
| Basis of Allotment | Friday, 24 March 2023 |
| Initiation of Refunds | Monday, 27 March 2023 |
| Credit of Shares to Demat | Tuesday, 28 March 2023 |
| Listing Date | Wednesday, 29 March 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mar 21, 2023 |
Dev Labtech Venture IPO Lot Size #
The Dev Labtech Venture IPO lot size is 2000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹102,000 |
| Retail (Max) | 1 | 2000 | ₹102,000 |
| HNI (Min) | 2 | 4,000 | ₹204,000 |
| Lot Size Calculator | |||
Dev Labtech Venture IPO Promoter Holding #
Mr. Jerambhai Lavjibhai Donda, Mrs. Labhuben Jerambhai Donda, and Mr. Jay Jerambhai Donda are the Promoters of the company.
| Pre Issue Share Holding | 92.66% |
| Post Issue Share Holding | 68.01% |
Company Financials #
| 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 | ||||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 32.9 |
| Market Cap (₹ Cr.) | 42.18 |
Objects of the Issue #
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet the Capital Expenditure Requirements
- To Meet Working Capital Requirement
- General Corporate Purpose
- To Meet the Issue Expenses
Dev Labtech Venture IPO Subscription Status (Bidding Detail) #
The Dev Labtech Venture IPO is subscribed 5.47 times on Mar 21, 2023 7:02:00 PM. The public issue subscribed 8.24 times in the retail category, times in the QIB category, and 2.65 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.65 |
| Retail | 8.24 |
| Total | 5.47 |
Total Application : 4,938 (9.46 times)
Dev Labtech Venture IPO Prospectus #
- › Dev Labtech Venture IPO DRHP
- › Dev Labtech Venture IPO RHP
Dev Labtech Venture IPO Listing Details #
| Listing Date | Mar 29, 2023 |
| BSE Script Code | 543848 |
| NSE Symbol | |
| ISIN | INE0NIJ01017 |
| Final Issue Price | ₹51 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹51.00 |
| ₹51.00 |
| ₹48.45 |
| ₹51.20 |
| ₹50.21 |
Check IPO Performance…
Company Contact Information #
GF/22-23, Pattani Plaza,
Dairy Road, Near Nilambaug Circle,
Bhavnagar – 364002
Phone: +91-0278-2995027
Email: info@devlabtechventure.com
Website: http://www.devlabtechventure.com/
Dev Labtech Venture IPO Registrar #
Phone: +91-22-4918 6270
Email: devlabtech.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Dev Labtech Venture IPO Lead Manager(s) #
Frequently Asked Questions (FAQs) – Dev Labtech Venture IPO #
What is the IPO Date and Price for Dev Labtech Venture? #
The Dev Labtech Venture IPO opened on March 17, 2023, and closed on March 21, 2023. The IPO price was set at ₹51 per equity share.
When will Dev Labtech Venture IPO be listed on the stock exchange? #
The Dev Labtech Venture IPO is scheduled to be listed on the BSE SME on March 29, 2023.
What is the lot size for the Dev Labtech Venture IPO? #
The lot size for the Dev Labtech Venture IPO is 2000 shares.
What is the total issue size of the Dev Labtech Venture IPO? #
The Dev Labtech Venture IPO had a total issue size of 2,200,000 equity shares, aggregating up to ₹11.22 Crores.
How can retail investors apply for Dev Labtech Venture IPO shares? #
Retail investors could apply online for Dev Labtech Venture IPO shares through banks using the ASBA facility or through a broker using UPI.
What is the subscription status of the Dev Labtech Venture IPO? #
The Dev Labtech Venture IPO was oversubscribed by 5.47 times for the total issue size.
What is the basis of allotment for Dev Labtech Venture IPO? #
The basis of allotment for the Dev Labtech Venture IPO was finalized on March 24, 2023.
Can I check the Dev Labtech Venture IPO Allotment Status? #
Yes, you can check the Dev Labtech Venture IPO allotment status on the official website.
Who are the promoters of Dev Labtech Venture Limited? #
The promoters of Dev Labtech Venture Limited are Mr. Jerambhai Lavjibhai Donda, Mrs. Labhuben Jerambhai Donda, and Mr. Jay Jerambhai Donda.
Should I apply for the Dev Labtech Venture IPO? #
The decision to apply for the IPO depends on various factors, including the company’s financial performance, market conditions, and individual risk appetite. You may consider reading expert analysis and doing thorough research before making a decision.
Please note that the information provided above is based on the data available as of today’s date, July 24, 2023. For the latest and most accurate information, please refer to the official sources and websites.
