Dev Labtech Venture IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Mar 22, 2023Let’s have a detailed review of the company and analytics of the Dev Labtech Venture IPO release date, IPO offer price, subscription, Dev Labtech Venture Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 51 |
| Listing At | BSE, SME |
| Min. Order Quantity | 2000 Shares |
| Listing Date | Mar 29, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 1,122 Lakh |
| IPO Size | Rs 1,122 Lakh |
| Tick Size | 1 |
Dev Labtech Venture IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Dev Labtech Venture Share Price |
Dev Labtech Venture IPO – Summary
Their Company is in the business of manufacturing, marketing and sourcing diamonds – natural and lab-grown having wide applications in Jewellery.
They are equipped with all facilities to execute all types of manufacturing activities from rough natural stone to finished polished diamonds and from Seed to finished lab-grown diamonds with various sizes, shapes, clarity and colours.
The Promoter of this company is MR. JERAMBHAI LAVJIBHAI DONDA, MRS. LABHUBEN JERAMBHAI DONDA AND MR. JAY JERAMBHAI DONDA. The lead manager to the issue is BEELINE CAPITAL ADVISORS PRIVATE LIMITED, and the Registrar to this issue is LINK INTIME INDIA PRIVATE LIMITED.
Dev Labtech Venture IPO Date
The opening and closing dates of the Dev Labtech Venture IPO are Mar 17, 2023, and Mar 21, 2023, respectively.
Dev Labtech Venture IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 17th Mar | 0.33x | 0.66x | 0.49x |
| 2nd Day – 20th Mar | 0.79x | 1.83x | 1.31x |
| 3rd Day – 21st Mar | 0.79x | 2.05x | 1.43x |
| Shares Offered or Net Issue | 1,044,000 | 1,044,000 | 2,088,000 |
The shares subscribed by the public will be updated here.
Dev Labtech Venture IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Dev Labtech Venture Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Mar 24, 2023 |
| Refunds Initiation | Mar 27, 2023 |
| Credit of Shares to Demat Account | Mar 28, 2023 |
| Share Listing Date | Mar 29, 2023 |
Dev Labtech Venture IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.51
Dev Labtech Venture IPO Equity Size
This Initial Public Issue of 2,200,000 Equity Shares of Rs.10 each for cash at a price of Rs.51 per equity share aggregating to Rs.1,122 Lakh.
Dev Labtech Venture IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,200,000 Equity Shares of Rs.10/ each.
Issue Size: 2,200,000 Equity Shares of Rs.10 each, aggregating to Rs.1,122 Lakh
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Dev Labtech Venture IPO – Live Performance
The listing date of this IPO is Mar 29, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Dev Labtech Venture Share Price |
Dev Labtech Venture IPO Grey Market Premium
The Dev Labtech Venture Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Dev Labtech Venture IPO – Company Overview
Their Company has recently started manufacturing lab-grown diamonds before that their company was engaged in the processing of natural diamonds only.
Their Company has developed the skill and expertise with the application of computer software and laser technology for mapping, designing, cutting, and polishing with innovation & optimum output with less wastage in rough to natural polish diamonds.
Further, they have also developed an In-house technical & Design team to make Laboratory grown diamonds. This technology and process has immense advantages to their company to produce Lab-grown diamonds with more purity & clarity and required sizes and shapes much cheaper than natural diamonds.
With the background and experience in natural diamonds, they have developed an in-house team with manufacturing facilities for new and innovative lab-grown diamonds.
The technology is known as – Microwave Plasma Chemical Vapour Disposition (MPCVD) to make lab-grown Diamonds from Diamond Seed. This technology is well-tested and used on large scale in China. MPCVD is a pure and fast diamond deposition process, hence best suited for commercial uses.
Dev Labtech Venture IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 1,166.65 | 888.24 | 713.73 | 711.23 |
| *Total Revenue | 966.43 | 2,698.01 | 1,228.11 | 1,178.85 |
| Total Expense | 895.21 | 2,652.38 | 1,222.65 | 1,174.19 |
| Profit After Tax | 64.12 | 43.62 | 3.65 | 0.04 |
Earnings per Equity Share (in Lakh)
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 1.42 | 3.47 | 1.74 | 0.02 |
Further, their PAT for the period ended on Sep 30, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 64.12 Lakh, Rs. 43.62 Lakh, Rs. 3.65 Lakh and Rs. 0.04 Lakh respectively.
Dev Labtech Venture IPO – Promoters
The Promoter of this company is:
- MR. JERAMBHAI LAVJIBHAI DONDA,
- MRS. LABHUBEN JERAMBHAI DONDA
- MR. JAY JERAMBHAI DONDA
List of Related Parties (Key Managerial Personnel)
- Jerambhai Lavjibhai Donda, Chairman cum Managing Director
- Jay Jerambhai Donda, Whole-Time Director
- Dimple Jay Donda, Non-Executive Director
- Brijeshkumar Maheshbhai Pathak, Independent Director
- Vivekbhai Tulsibhai Mavani, Independent Director
Dev Labtech Venture IPO – Promoters Holding
- Pre-Issue Share Holding – 92.66%
- Post Issue Share Holding – 68.01%
Dev Labtech Venture IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 22,00,000 Equity Shares aggregating up to Rs.1122.00 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,12,000 Equity Shares aggregating up to Rs.57.12 Lakh |
| Net Issue to the Public | Up to 20,88,000 Equity Shares aggregating up to Rs.1064.88 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 10,44,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 10,44,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 60,71,139 Equity Shares |
| Equity Shares outstanding after the Issue | 82,71,139 Equity Shares |
Dev Labtech Venture IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To Meet the Capital Expenditure Requirements
2. To Meet Working Capital Requirement
3. General Corporate Purpose
4. To Meet the Issue of Expenses
Dev Labtech Venture IPO – Business Strategy
- Innovation in Designing and Maintenance of quality products
- Improving operational efficiencies
- Leveraging their Market Skills and Relationships
- Expansion of Business
- To Build-Up a Professional Organization
Dev Labtech Venture IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Wide Varieties of their products
- Experienced Promoters
- Customer Satisfaction
- Quality of their products
- Well-trained employee base
- Timely Delivery of Products
- Well-established relationship with their supplier
- Integrated manufacturing facility
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 0.84 | 22.71 | 15.28 |
| 31-Mar-21 | 0.07 | 2.46 | 70.85 |
| Mar-20 | 0.00 | 0.03 | 69.11 |
Dev Labtech Venture IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Crores) | |
| Dev Labtech Venture Limited | 10 | 60.71 | 0.84 | 22.71 | 2,698.01 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Dev Labtech Venture IPO Lead Managers
| Lead Managers |
| BEELINE CAPITAL ADVISORS PRIVATE LIMITED 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 Registrar to offer
| Registrar to the Offer |
| LINK INTIME INDIA PRIVATE LIMITED 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 – Other Details
- Statutory Auditor – M/s. V. Dhamsania & Associates, Chartered Accountant
- Legal Counsel to the Company – ANA ADVISORS
- Bankers to the Company – HDFC Bank Limited
Dev Labtech Venture IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Dev Labtech Venture Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Dev Labtech Venture IPO Review FAQs
Check out various FAQs related to Dev Labtech IPO:
What is the Issue Size of Dev Labtech IPO?
The Company is making an initial public offer of 2,200,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of the Dev Labtech IPO?
The price band for this particular IPO ranges between Rs 51. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Dev Labtech IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Mar 17, 2023, while the closing date is set for Mar 21, 2023.
What is the Dev Labtech IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on Mar 24, 2023, refund initiation is on Mar 27, 2023, credit of shares is on Mar 28, 2023, and share listing date is on Mar 29, 2023.
What is the Dev Labtech IPO Listing Date?
Shares of this company shall be listed in the exchanges Mar 29, 2023. The date, when the listing would be done, is stagnant on Mar 29, 2023.
Who is the Registrar of Dev Labtech IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Ltd. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Dev Labtech IPO?
Here are the promoters of this IPO – MR. JERAMBHAI LAVJIBHAI DONDA, MRS. LABHUBEN JERAMBHAI DONDA AND MR. JAY JERAMBHAI DONDA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Dev Labtech IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Dev Labtech IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Dev Labtech Venture Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 43.62, 2021 is 3.65, and 2020 is 0.04. PAT from Sep 2022 is 64.12.
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