Dev Labtech Venture IPO Detail
Incorporated in 1993, Dev Labtech Venture Limited is a Premier Lab Grown Diamond & Jewellery Manufacturer. The company's registered office is situated in Bhavnagar, Gujarat and it also operates through its sales offices.
Dev Labtech has recently started the manufacturing of lab-grown diamonds, earlier to this, the entity was engaged in the processing of natural diamonds only. The company has developed expert skills over the years in mapping, designing, cutting, and polishing with innovation & extracting optimum output with less wastage while transforming rough to natural polish diamonds.
Dev Labtech Venture Limited has an in-house technical & Design team to make Laboratory grown diamonds. The company has placed the highest quality checks at every level of the manufacturing processes to ensure the superiority of its products.
The company is striving to expand its product line and offer complementary products to enhance its product portfolio.
Company Promoters
Mr. Jerambhai Lavjibhai Donda, Mrs. Labhuben Jerambhai Donda, and Mr. Jay Jerambhai DondaIPO Details
| IPO Opening Date | Mar 17, 2023 |
| IPO Closing Date | Mar 21, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹51 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹11.22 Cr |
| Fresh Issue | ₹11.22 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.33x | 0.66x | 0.49x | |
| Day 2 | - | - | 0.77x | 1.78x | 1.28x | |
| Day 3 | - | - | 2.65x | 8.24x | 5.47x |
IPO Tentative Timetable
The Dev Labtech Venture IPO open date is Mar 17, 2023, and the close date is Mar 21, 2023. The issue may list on Mar 29, 2023.
| IPO Open Date | Mar 17, 2023 |
| IPO Close Date | Mar 21, 2023 |
| Basis of Allotment Date | Mar 24, 2023 |
| Initiation of Refunds | Mar 27, 2023 |
| Credit of Shares to Demat Account | Mar 28, 2023 |
| IPO Listing Date | Mar 29, 2023 |
IPO Lot Size
The Dev Labtech Venture IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹102000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹102000 |
| Maximum | 1 | 2000 | ₹102000 |
IPO Promoter Holding
| Pre Issue Share Holding | 92.66% |
| Post Issue Share Holding | 68.01% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 711.23 | 1,178.85 | 0.04 |
| 31-Mar-21 | 713.73 | 1,228.11 | 3.65 |
| 31-Mar-22 | 888.24 | 2,698.01 | 43.62 |
| 30-Sep-22 | 1,166.65 | 966.43 | 64.12 |
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 Registrar:
Link Intime India Private Ltd
Dev Labtech Venture IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
Dev Labtech Venture
GF/22-23, Pattani Plaza,
Dairy Road, Near Nilambaug Circle,
Bhavnagar – 364002
