IPO

Dev Labtech Venture Limited IPO

BSE SME

Listed On: Mar 29, 2023 at ₹ 51.0

₹ 102000 /2000 Shares

Check Allotment

Dev Labtech Venture Limited IPO Details

17 Mar, 2023

Open Date

21 Mar, 2023

Close Date

24 Mar, 2023

Allotment Date

29 Mar, 2023

Listing Date

Issue Price

₹51 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Link Intime India Private Ltd

List Price

51.0

Listing Date

2023-03-29

Market Lot

2000 Shares (₹102,000/-)

Lead Manager

Beeline Capital Advisors Pvt Ltd

Issue Size

2,200,000 shares of ₹10(aggregating up to ₹11.22 Cr)

Retail Portion

N/A

Subscription

5.47 times

IPO Docs

DRHP RHP

Dev Labtech Venture Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved1,044,0001,044,0002,088,000
Day 1 - 17-03-23 06:00 PM0.33 x0.66 x0.49 x
Day 2 - 20-03-23 06:00 PM0.79 x1.83 x1.31 x
Day 3 - 21-03-23 06:00 PM2.65 x8.24 x5.47 x

Dev Labtech Venture Limited Valuations

Earnings Per Share (EPS)

₹0.84/-

P/E Ratio

60.71

RoNW

22.71%

Net Asset Value (NAV) - Post Issue

₹15.28/-

Dev Labtech Venture Limited Company Financials All values are in ₹ Lakh

30-Sept-2231-Mar-2231-Mar-2131-Mar-20
Assets1,166.65888.24713.73711.23
Revenue966.432,698.011,228.111,178.85
Profit After Tax64.1243.623.650.04

About The Company

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.

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Dev Labtech Venture Limited - Promoter(s)

Pre Issue Share Holding: 92.66%

Post Issue Share Holding: 68.01%

Company Promoter(s)

  1. Mr. Jerambhai Lavjibhai Donda
  2. Mrs. Labhuben Jerambhai Donda
  3. Mr. Jay Jerambhai Donda

Dev Labtech Venture Limited IPO - Issue Objectives

  1. To Meet the Capital Expenditure Requirements
  2. To Meet Working Capital Requirement
  3. General Corporate Purpose
  4. To Meet the Issue Expenses

Dev Labtech Venture Limited IPO - FAQs

Ans. Dev Labtech Venture Limited IPO is a SME IPO. The issue is priced at ₹51 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Mar 17, 2023, and closes on Mar 21, 2023. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Ans. The Dev Labtech Venture Limited IPO opens on Mar 17, 2023 and closes on Mar 21, 2023.

Ans. The size of Dev Labtech Venture Limited IPO is 2,200,000 shares of ₹10(aggregating up to ₹11.22 Cr).

Ans. The IPO price band is set between ₹51 per equity share.

Ans. To apply for Dev Labtech Venture Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Dev Labtech Venture Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Dev Labtech Venture Limited IPO is Mar 24, 2023.

Ans. The Dev Labtech Venture Limited IPO will be listed on Mar 29, 2023.

Ans. Follow the steps to check the allotment status for Dev Labtech Venture Limited IPO here.