Dev Labtech IPO Details ( Dev Labtech Venture IPO Review )
(17 Mar 2023 – 21 Mar 2023)
Dev Labtech Venture Limited, established in 1993, is a leading manufacturer of lab-grown diamonds and jewelry. The company is based in Bhavnagar, Gujarat, where its registered office is located, and operates through its sales offices as well.
Dev Labtech Venture Limited, which used to focus solely on processing natural diamonds, has recently expanded its operations to include the manufacturing of lab-grown diamonds. Over the years, the company has honed its expertise in mapping, designing, cutting, and polishing natural diamonds with innovative techniques that result in minimal wastage and maximum output. This expertise is now being applied to the production of lab-grown diamonds, ensuring that the same high-quality standards are maintained.
Dev Labtech Venture Limited has an in-house technical and design team dedicated to the production of laboratory-grown diamonds. The company has implemented stringent quality checks at every stage of the manufacturing process to guarantee the superiority of its products.
Dev Labtech Venture Limited is striving to broaden its product line and supplement its product portfolio by offering complementary products.
Dev Labtech Venture Company Product:
- Lab Grown Diamonds
- Natural Diamonds
Dev Labtech Venture IPO Competitive Strength
- Wide Varieties of our products
- Experienced Promoters
- Customer Satisfaction
- Quality of our products
- Well-trained employee base
- Timely Delivery of Products
- Well established relationship with our supplier
- Integrated manufacturing facility
Dev Labtech Venture IPO Financials Performance ( Results )
Dev Labtech Venture Limited Financial Information ( Restated )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS | Net Worth | NAV | Reserves | Borrowing |
| 31-Mar-20 | 711.23 | 1,178.85 | 0.04 | 0.00 | 144.80 | 69.11 | 123.84 | 154.05 |
| 31-Mar-21 | 713.73 | 1,228.11 | 3.65 | 0.07 | 148.45 | 70.85 | 127.50 | 177.53 |
| 31-Mar-22 | 888.24 | 2,698.01 | 43.62 | 0.84 | 192.07 | 15.28 | 66.35 | 122.58 |
| 30-Sep-22 | 1,166.65 | 966.43 | 64.12 | 1.12 | 717.86 | 14.18 | 232.17 | 114.52 |
Objective of IPO Issue
- To Meet the Capital Expenditure Requirements
- To Meet Working Capital Requirement
- General Corporate Purpose
- To Meet the Issue Expenses
Dev Labtech Venture IPO Basic Details
| IPO Date | Mar 17, 2023 to Mar 21, 2023 |
| Listing Date | Friday, March 29, 2023 |
| Face Value | ₹10 per share |
| Price | ₹51 per share |
| Lot Size | 2000 Shares |
| Issue Size | 2,200,000 shares of ₹10 (aggregating up to ₹11.22 Cr) |
| Fresh Issue | 2,200,000 shares of ₹10 (aggregating up to ₹11.22 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| NII (HNI) Shares Offered | 50% of the Offer |
| Retail Shares Offered | 50% of the Offer |
| Company Promoters | Mr. Jerambhai Lavjibhai Donda, Mrs. Labhuben Jerambhai Donda And Mr. Jay Jerambhai Donda |
Dev Labtech Venture IPO Timetable
Dev Labtech Venture IPO will open on Mar 17, 2023 and close on Mar 21, 2023. You can join Dev Labtech Venture IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | Mar 17, 2023 |
| Closing Date | Mar 21, 2023 |
| Basis of Allotment | Mar 24, 2023 |
| Initiation of Refunds | Mar 27, 2023 |
| Credit of Shares to Demat | Mar 28, 2023 |
| Listing Date | Mar 29, 2023 |
Dev Labtech Venture IPO Lot Size
For retail investors in Dev Labtech Venture IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹102,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹102,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹102,000 |
| Retail (Max) | 1 | 2000 | ₹102,000 |
| S-HNI (Min) | 2 | 4000 | ₹204,000 |
Dev Labtech Venture IPO Promoter Holding
| Pre Issue Share Holding | 92.66% |
| Post Issue Share Holding | 68.01% |
Dev Labtech Venture IPO Valuation – FY2022
| Earning Per Share (EPS) | ₹0.84 per Equity Share |
| Price/Earning P/E Ratio | 60.71 |
| Return on Net Worth (RoNW) | 22.71% |
| Net Asset Value (NAV) | ₹15.28 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | – |
Dev Labtech Venture Ltd Peer Comparison
Currently we are mainly engaged in business of manufacturing, marketing and sourcing of diamonds – natural and lab grown diamonds and there is no listed peer group company which are strictly comparable to us with respect to the industry and business segment in which we operate and the size of our company.
Dev Labtech IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 21 March 2023 | ₹7 | – | – |
| 20 March 2023 | ₹7 | – | – |
| 19 March 2023 | ₹6 | – | – |
| 18 March 2023 | ₹5 | – | – |
| 17 March 2023 | ₹5 | – | – |
| 16 March 2023 | ₹5 | – | – |
Dev Labtech Venture IPO Detail Video:
Dev Labtech Venture IPO Subscription Status (Bidding Detail)
The Dev Labtech Venture IPO on Mar 17, 2023 at 7:30:00 PM was subscribed 5.47 times, with the retail category being subscribed 8.24 times, the NII (Non-Institutional Investor) category being subscribed 2.65 times.
| Category | Subscription |
| NII | 2.65x |
| Retail | 8.24x |
| Total | 5.47x |
Dev Labtech Venture IPO Prospectus
Dev Labtech Venture IPO Rating
| Our Rating | 2.0/5.0 |
Dev Labtech Venture Compnay Contact Information
Dev Labtech Venture Limited
Registered Office: GF/22-23, Pattani Plaza, Dairy Road,
Near Nilambaug Circle, Bhavnagar – 364002, Gujarat, India
Tel No.: +91-0278-2995027
Email: info@devlabtechventure.com
Website: www.devlabtechventure.com
Contact Person: Mr. Pratik Ashokbhai Patel,
Company Secretary and Compliance Officer
Company Promoters: Mr. Jerambhai Lavjibhai Donda,
Mrs. Labhuben Jerambhai Donda
And Mr. Jay Jerambhai Donda
CIN: U36100GJ1993PLC019374
Dev Labtech Venture IPO Registrar
Link Intime India Private Ltd
Registered Office: C-101, 1 Floor, 247 Park, L.B.S. Marg, Vikhroli (West),
Mumbai- 400083, Maharashtra, India
Tel. No.: +91 810 811 4949
Fax No.: +91 22 49186195
Email: devlabtech.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor Grievance Email: devlabtech.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Dev Labtech Venture IPO Lead Manager
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
Registered Office: 807, Phoenix Tower, Opp. New Girish Cold drinks,
Near Vijay Cross Roads, Navrangpura,
Ahmedabad – 380009, Gujarat, India
Tel. No.: +91-79-48405357, 48406357
Email: mb@beelinemb.com
Website: www.beelinemb.com
Investor Grievance Email: ig@beelinemb.com
Contact Person: Mr. Nikhil Shah
SEBI Registration No.: INM000012917
Dev Labtech Venture IPO FAQs
What is the lot size of Dev Labtech Venture IPO?
The total size of Dev Labtech Venture IPO is ₹11.22 crores and this is a complete fresh Issue.
When will Dev Labtech Venture IPO start?
Dev Labtech Venture IPO will Open from 17 March 2023 and IPO will Close on 21 March 2023.
What is the open date of Dev Labtech Venture IPO?
Dev Labtech Venture IPO will start from 17 March 2023.
What is the last date ( close date ) of Dev Labtech Venture IPO?
Dev Labtech Venture IPO will close from 21 March 2023.
What is the price band of Dev Labtech Venture IPO?
Dev Labtech Venture IPO price band is ₹51.
What is the minimum amount required to apply for Dev Labtech Venture IPO?
The minimum investment for retailers to apply for Dev Labtech Venture IPO is ₹102,000 and the maximum investment is ₹102,000.
What is going on gray market premium of Dev Labtech Venture IPO?
View gray market premium of Dev Labtech Venture IPO by Clicking Here
How much is the GMP of Dev Labtech Venture IPO?
Watch Dev Labtech Venture IPO GMP Today: Click Here
What is the allotment date of Dev Labtech Venture IPO?
The allotment date of Dev Labtech Venture IPO is 24 March 2023.
How to check allotment status in Dev Labtech Venture IPO?
To check the allotment status of Dev Labtech Venture IPO, first of all go to the registrar website by clicking here, select your bad Dev Labtech Venture IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Dev Labtech Venture IPO?
The listing date of Dev Labtech Venture IPO is 29 March 2023.
How much will be the listing gain in Dev Labtech Venture IPO?
View listing gain of Dev Labtech Venture IPO by Clicking Here
How much time Dev Labtech Venture IPO is subscribed?
Total 5.47 times subscribed in Dev Labtech Venture IPO out of which 8.24 times subscription was done in retail quota and 2.65 times subscription in NII quota.
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