Dev Labtech Venture Limited, Established in 1993, stands as a prominent figure in the field of Lab Grown Diamonds & Jewellery Manufacturing. The company is headquartered in Bhavnagar, Gujarat, and operates through a number of sales offices.
Dev Labtech has recently embarked on the production of lab-grown diamonds, diversifying from its prior focus on processing natural diamonds exclusively. Over the years, the company has honed its expertise in mapping, design, precision cutting, and polishing, showcasing innovation in its approach and minimizing wastage during the transformation of rough stones into polished natural diamonds.
Leveraging its in-house technical and design team, Dev Labtech Venture Limited is now proficient in crafting Laboratory-grown diamonds. The company has implemented rigorous quality checks at each stage of its manufacturing processes, underscoring its commitment to delivering products of the utmost excellence.
In line with its growth objectives, the company is actively working towards expanding its array of offerings. By introducing complementary products, Dev Labtech aims to enrich its product portfolio and cater to a broader market.
Dev Labtech Venture Ltd Stock Quote #
- Open: ₹62.00
- High – Low: ₹63.00 – ₹60.50
- Previous Close: ₹62.00
- Total Traded Value: 32,000
- 52 Weeks High: ₹76.70 (May 30, 2023)
- 52 Weeks Low: ₹47.70 (Mar 31, 2023)
- Updated On: Aug 22, 2023 4:00 PM
IPO Details #
Dev Labtech Venture IPO is a Fixed Price Issue. The IPO total issue size is Rs 11.22 Cr. The Dev Labtech Venture IPO price is ₹51 per share. The IPO will list on BSE SME.
| 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 #
Dev Labtech Venture IPO a total of 2,200,000 shares are offered. RII: 1,044,000 (47.45%), NII: 1,044,000 (47.45%).
| 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.
| IPO Open Date | Friday, 17 March 2023 |
| IPO Close 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 minimum lot size of this Dev Labtech Venture IPO is 2000 shares required is ₹102,000.
| 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 #
Dev Labtech Venture IPO Market Cap is Rs 42.18 Cr and P/E (x) is 32.9.
| 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.
| 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 Listing Details #
| Listing Date | Mar 29, 2023 |
| BSE Script Code | 543848 |
| NSE Symbol | |
| ISIN | INE0NIJ01017 |
| Final Issue Price | ₹51 per share |
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) #
FAQs #
What is the issue type of the Dev Labtech Venture IPO? #
The Dev Labtech Venture IPO is a SME IPO with a fresh issue of 2,200,000 shares.
Where will the Dev Labtech Venture IPO shares be listed? #
The shares of Dev Labtech Venture will be listed on the BSE SME.
Is there a live subscription status available for the Dev Labtech Venture IPO? #
Yes, you can find the live subscription status for the Dev Labtech Venture IPO on BSE and NSE.
When will the Dev Labtech Venture IPO shares get listed? #
The Dev Labtech Venture IPO shares will go public on March 29, 2023.
What is the price set for the Dev Labtech Venture IPO? #
The issue price for the Dev Labtech Venture IPO is Rs 51 per Equity Share.
Is there information available about the subscription size and worth of the Dev Labtech Venture IPO? #
Yes, the Dev Labtech Venture IPO offers a subscription size of 2,200,000 equity shares worth Rs 11.22 Cr.
How many shares are available in the Dev Labtech Venture initial public offering? #
The Dev Labtech Venture IPO is offering a fresh issue of 2,200,000 equity shares.
Please keep in mind that for more accurate and up-to-date information, please consult official sources and sites.
