Dev Labtech Venture Limited is in business of manufacturing, marketing and sourcing of diamonds – natural and lab grown having wide application in Jewellery. 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.
Dev Labtech Venture IPO – Details
| IPO Opening Date | 17 March 2023 |
| IPO Closing Date | 21 March 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 22,00,000 Shares Worth ₹11.22 Crore Fresh Issue: 22,00,000 Shares Worth ₹11.22 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹51 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Link Intime India Private Ltd |
| Retail Shares Offered | 50% |
| NII (HNI) Shares Offered | 50% |
Dev Labtech Venture IPO – Date Schedule
| IPO Open Date | 17 March 2023 |
| IPO Close Date | 21 March 2023 |
| Basis of Allotment | 24 March 2023 |
| Initiation of Refunds | 27 March 2023 |
| Credit of Shares to Demat Account | 28 March 2023 |
| IPO Listing Date | 29 March 2023 |
Dev Labtech Venture IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 2000 | 1,02,000 |
| Maximum | 1 | 2000 | 1,02,000 |
Competitive Strengths
- Wide Varieties of the products.
- Experienced Promoters.
- Customer Satisfaction.
- Quality of the products.
- Well-trained employee base.
- Timely Delivery of Products.
- Well established relationship with the supplier.
- Integrated manufacturing facility.
Company Promoters
- Mr. Jerambhai Lavjibhai Donda
- Mrs. Labhuben Jerambhai Donda
- Mr. Jay Jerambhai Donda
Object Of The Issue
- To Meet Capital Expenditure.
- To Meet Working Capital Requirement.
- General Corporate Purposes.
- Public Issue Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 11.78 | 11.74 | 0.004 |
| 31 March 2021 | 12.28 | 12.22 | 0.03 |
| 31 March 2022 | 26.98 | 26.52 | 0.43 |
| 30 September 2022 | 9.66 | 8.95 | 0.64 |
Dev Labtech Venture IPO Promoter Holding
| Pre Issue Share Holding | 92.66% |
| Post Issue Share Holding | 68.01% |
Dev Labtech Venture IPO Prospectus
Company Contact Information
| 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/ |
Dev Labtech Venture IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: devlabtech.ipo@linkintime.co.in Website: https://linkintime.co.in/ |
Dev Labtech Venture IPO Lead Manager(s)
| 1. Beeline Capital Advisors Pvt Ltd |
Dev Labtech Venture IPOFAQs
| What is Dev Labtech Venture IPO? Dev Labtech Venture IPO is a SME IPO. The issue is priced at ₹51 per equity share. The IPO is to be listed on BSE SME. |
| When Dev Labtech Venture IPO will open? The IPO is to open on 17 March 2023 for NII and Retail Investors. |
| What is Dev Labtech Venture IPO Investors Portion? The investors portion for NII-50%, and Retail-50%. |
| How to Dev Labtech Venture IPO? You can apply Dev Labtech Venture IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Dev Labtech Venture IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Dev Labtech Venture”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Dev Labtech Venture IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Dev Labtech Venture”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Dev Labtech Venture IPO Size? Dev Labtech Venture IPO size is ₹11.22 crores. |
| What is Dev Labtech Venture IPO Price Band? Dev Labtech Venture IPO Price Band is ₹51. |
| What is Dev Labtech Venture IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,02,000 amount while the maximum bid is 2000 shares with ₹1,02,000. |
| What is the Dev Labtech Venture IPO Allotment Date? Dev Labtech Venture IPO allotment date is 24 March 2023. |
| What is the Dev Labtech Venture IPO Listing Date? Dev Labtech Venture IPO listing date is 29 March 2023. The IPO is to list on BSE SME. |
