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Dev Labtech Venture IPO is a fixed price issue of Rs 11.22 crores. The issue is entirely a fresh issue of 22 lakh shares.
Dev Labtech Venture IPO bidding started from March 17, 2023 and ended on March 21, 2023. The allotment for Dev Labtech Venture IPO was finalized on Friday, March 24, 2023. The shares got listed on BSE SME on March 29, 2023.
Dev Labtech Venture IPO price is ₹51 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹102,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹204,000.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Dev Labtech Venture IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Dev Labtech Venture IPO is Sunflower Broking.
Refer to Dev Labtech Venture IPO RHP for detailed information.
| IPO Date | March 17, 2023 to March 21, 2023 |
| Listing Date | March 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 offers 2,200,000 shares. 1,044,000 (47.45%) to NII, 1,044,000 (47.45%) to RII.
| Investor Category | Shares Offered |
|---|---|
| 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 opens on March 17, 2023, and closes on March 21, 2023.
| IPO Open Date | Friday, March 17, 2023 |
| IPO Close Date | Tuesday, March 21, 2023 |
| Basis of Allotment | Friday, March 24, 2023 |
| Initiation of Refunds | Monday, March 27, 2023 |
| Credit of Shares to Demat | Tuesday, March 28, 2023 |
| Listing Date | Wednesday, March 29, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 21, 2023 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 | |||
Mr. Jerambhai Lavjibhai Donda, Mrs. Labhuben Jerambhai Donda, and Mr. Jay Jerambhai Donda are the Promoters of the company.
| Share Holding Pre Issue | 92.66% |
| Share Holding Post Issue | 68.01% |
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.
| 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 | ||||||
The market capitalization of Dev Labtech Venture IPO is Rs 42.18 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 32.9 |
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] DLVL which was in natural diamond manufacturing and marketing has recently diversified in lab-grown diamonds with MPCVD technology. It has marked growth in its PAT margins post-diversification and the management is confident of maintaining the trends in coming years with the addition of more MPCVD machines. Based on FY23 earnings, the issue appears aggressively priced. Well-informed/cash-surplus/risk seekers may consider parking funds, while others can ignore. Read detail review...
The Dev Labtech Venture IPO is subscribed 5.47 times on March 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)
| Listing Date | March 29, 2023 |
| BSE Script Code | 543848 |
| NSE Symbol | |
| ISIN | INE0NIJ01017 |
| Final Issue Price | ₹51 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹51.00 |
| ₹51.00 |
| ₹48.45 |
| ₹51.20 |
| ₹50.21 |
Dev Labtech Venture Limited
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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: devlabtech.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Dev Labtech Venture IPO is a SME IPO of 2,200,000 equity shares of the face value of ₹10 aggregating up to ₹11.22 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000 Shares.
The IPO opens on March 17, 2023, and closes on March 21, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Dev Labtech Venture IPO using UPI as a payment gateway. Zerodha customers can apply in Dev Labtech Venture IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dev Labtech Venture IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dev Labtech Venture IPO opens on March 17, 2023 and closes on March 21, 2023.
Dev Labtech Venture IPO lot size is 2000 Shares, and the minimum amount required is ₹102,000.
You can apply in Dev Labtech Venture IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Dev Labtech Venture IPO will be done on Friday, March 24, 2023, and the allotted shares will be credited to your demat account by Tuesday, March 28, 2023. Check the Dev Labtech Venture IPO allotment status.
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