Dev Labtech Venture IPO GMP, Price, Dates & Allotment Details 2023
The Dev Labtech Venture IPO opens on March 17 and closes on March 21, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 11.22 crore through this public offering, consisting of 2,200,000 shares of face value of ₹ 10 each. Which will be issued at a price of ₹ 51 per share.
The company was originally incorporated on April 29, 1993. Company is in the business of manufacturing, marketing, and sourcing diamonds—natural and lab-grown—which have wide applications in jewelry. The company is 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 colors.
The company has also recently started manufacturing lab-grown diamonds; before that, it was engaged in the processing of only natural diamonds.
Objects of the Issue
The company proposes to utilize the net proceeds of the Fresh Issue towards funding the following objects:
- To meet the capital expenditure requirements
- To meet working capital requirements
- General Corporate Purpose
- To Meet the Issue Expenses
Financial Highlights (Restated)
| Particulars | Period ended on 30th Sep. 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 718 | 192 | 148 | 145 |
| Total Assets | 1,167 | 888 | 714 | 711 |
| Total Borrowings | 115 | 123 | 178 | 154 |
| Total Revenue | 966 | 2,698 | 1,228 | 1,179 |
| Profit After Tax | 64 | 44 | 4 | 0 |
Dev Labtech Venture IPO – Details
As per the DRHP filed with SEBI, a total of 22 lakh shares will be offered as part of the fresh issue on the BSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 112,000 shares of the offering. While Beeline Capital Advisors Pvt Ltd will be the lead manager for the IPO, Link Intime India Private Ltd will be the registrar. It will be a Fixed Price Issue IPO, so there will be a price at which the securities are offered or allotted is known in advance to the investor.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 51 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 2,000 Shares |
| Issue Size | 2,200,000 shares of ₹ 10 (Aggregating up to ₹ 11.22 Crore) |
| Fresh Issue | 2,200,000 shares of ₹ 10 (Aggregating up to ₹ 11.22 Crore) |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Market Maker | Sunflower Broking Pvt. Ltd. |
| Market maker portion | 112,000 shares |
| Listing At | BSE SME |
| Company Promoters | Mr. Jerambhai Lavjibhai Donda, Mrs. Labhuben Jerambhai Donda And Mr. Jay Jerambhai Donda |
GMP – Dev Labtech Venture IPO
Dev Labtech Venture’ IPO GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilize after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates – Dev Labtech Venture IPO
The issue opens for subscription on March 17, 2023, and closes for subscription on March 21, 2023 (both days inclusive). The basis of allotment will be finalized on March 24th, 2023, and the refunds will be initiated on March 27th, 2023. In addition, the demat credits are expected to happen on March 28th, 2023, and the stock will list on March 29th, 2023, on the BSE SME segment.
| Opening Date | March 17, 2023 |
| Closing Date | March 21, 2023 |
| Basis of Allotment | March 24, 2023 |
| Initiation of Refunds | March 27, 2023 |
| Credit of shares to Demat A/c | March 28, 2023 |
| Listing Date | March 29, 2023 |
Lot Size – Dev Labtech Venture IPO
The lot size of the Dev Labtech Venture IPO is 2,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 2,000 shares of ₹ 102,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 2,000 | ₹ 102,000 |
| Retail (Maximum) | 1 | 2,000 | ₹ 102,000 |
| HNI (Minimum) | 2 | 4,000 | ₹ 204,000 |
Promoters Holdings – Dev Labtech Venture IPO
| Pre-issue Shares Holdings | 92.66% |
| Post-issue Shares Holdings | 68.01% |
SWOT Analysis – Dev Labtech Venture IPO
| STRENGTHS | WEAKNESSES |
|---|---|
| 1. Most suppliers gain a competitive advantage by producing high-quality, innovative products. 2. Manufacturing of lab-grown diamonds and natural diamonds, the demand for which is continuously rising. 3. Competitive edge in terms of quality and competitive bidding. 4. Lab-grown diamonds are cost-effective and have wide industrial applications apart from jewelry. 5. The company has a good marketing and distribution network. 6. Long experience as a promoter in the industry. | 1. Dependent upon growth in the diamond industry and competition from China and international suppliers. 2. Requirement of finance to cater on a national level. 3. Competitors can offer nearly identical products. |
| OPPORTUNITIES | THREATS |
| 1. Growing acceptance by consumers of new and innovative lab-grown diamonds. 2. Rising demand for lab-grown diamonds in semiconductors, cutting tools, electronics chips, and gifting segments. 3. E-commerce and online sales are growing and are able to cater to national and global audiences. 4. The development of specialized lab-grown diamonds suitable for industry, SME, and household use has huge demand due to their low cost as compared with natural diamonds. | 1. Changes in government policies. 2. Fluctuations in raw material prices domestically and internationally and import restrictions for rough diamonds rising labor wages. 3. Change in the behavior of customers’ demands. 4. Input cost increases can cause pricing to rise. 5. Too many players enter and exit the market. |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| 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/ |
| IPO Registrar | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: devlabtech.ipo@linkintime.co.in Website: https://linkintime.co.in/ |
| IPO Lead Manager(s) | Beeline Capital Advisors Pvt Ltd |
FAQ’s
What is Dev Labtech Venture Ltd. IPO price?
The Dev Labtech Venture Ltd. IPO price is ₹ 51 per share.
What will be the Dev Labtech Venture Ltd. IPO lot size?
One lot of the Dev Labtech Venture Ltd. IPO contains 2,000 shares of ₹ 102,000.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will Dev Labtech Venture Ltd. IPO allotment available?
The finalisation of the basis of allotment for the Dev Labtech Venture Ltd. IPO will be done on March 24, 2023, and the allotted shares will be credited to your demat account by March 28, 2023. Check the Dev Labtech Venture Ltd. IPO allotment status.
When will Dev Labtech Venture Ltd. IPO list on exchanges?
The Dev Labtech Venture Ltd. IPO shares listing date is March 29, 2023.
How many shares in Dev Labtech Venture Ltd. IPO Offer are reserved for HNIs and retail investors?
The investors’ portion for NII (HNI) – 50% of Net issue, and Retail – 50% of the Net Issue.
