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Dev Labtech Venture IPO is a fixed price issue of ₹11.22 crores. The issue is entirely a fresh issue of 0.22 crore shares of ₹11.22 crore.
Dev Labtech Venture IPO bidding started from Mar 17, 2023 and ended on Mar 21, 2023. The allotment for Dev Labtech Venture IPO was finalized on Mar 24, 2023. The shares got listed on BSE SME on Mar 29, 2023.
Dev Labtech Venture IPO price is ₹51.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,02,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,04,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Sunflower Broking Pvt.Ltd..
Refer to Dev Labtech Venture IPO RHP for detailed Information.
| IPO Date | March 17, 2023 to March 21, 2023 |
| Listing Date | March 29, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 22,00,000 shares (aggregating up to ₹11.22 Cr) |
| Reserved for Market Maker | 1,12,000 shares Sunflower Broking Pvt.Ltd. (aggregating up to ₹0.5712 Cr) |
| Net Offered to Public | 20,88,000 shares (aggregating up to ₹10.65 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 60,71,139 shares |
| Share Holding Post Issue | 82,71,139 shares |
Dev Labtech Venture IPO offers total 22,00,000 shares. Out of which 10,44,000 (47.45%) allocated to NII, 10,44,000 (47.45%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,12,000 (5.09%) |
| NII (HNI) Shares Offered | 10,44,000 (47.45%) |
| Retail Shares Offered | 10,44,000 (47.45%) |
| Total Shares Offered | 22,00,000 (100.00%) |
Dev Labtech Venture IPO opens on March 17, 2023, and closes on March 21, 2023.
| IPO Open Date | Fri, Mar 17, 2023 |
| IPO Close Date | Tue, Mar 21, 2023 |
| Tentative Allotment | Fri, Mar 24, 2023 |
| Initiation of Refunds | Mon, Mar 27, 2023 |
| Credit of Shares to Demat | Tue, Mar 28, 2023 |
| Tentative Listing Date | Wed, Mar 29, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Mar 21, 2023 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,02,000 |
| Retail (Max) | 1 | 2,000 | ₹1,02,000 |
| HNI (Min) | 2 | 4,000 | ₹2,04,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1993, 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.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 711.23 | 1,178.85 | 0.04 | 144.80 | 123.84 | 154.05 |
| 31-Mar-21 | 713.73 | 1,228.11 | 3.65 | 148.45 | 127.50 | 177.53 |
| 31-Mar-22 | 888.24 | 2,698.01 | 43.62 | 192.07 | 66.35 | 122.58 |
| 30-Sep-22 | 1,166.65 | 966.43 | 64.12 | 717.86 | 232.17 | 114.52 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Dev Labtech Venture IPO is ₹42.18 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 32.9 |
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] DLVL which was in natural diamond manufacturing and marketing has recently diversified in lab-grown diamonds with MPCVD technology. It has marked growth in its PAT margins post-diversification and the management is confident of maintaining the trends in coming years with the addition of more MPCVD machines. Based on FY23 earnings, the issue appears aggressively priced. Well-informed/cash-surplus/risk seekers may consider parking funds, while others can ignore. Read detail review...
| Listing Date | March 29, 2023 |
| BSE Script Code | 543848 |
| NSE Symbol | |
| ISIN | INE0NIJ01017 |
| Final Issue Price | ₹51 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹51.00 |
| Low | ₹48.45 |
| High | ₹51.20 |
| Last Trade | ₹50.21 |
Dev Labtech Venture Ltd.
GF/22-23, Pattani Plaza,
Dairy Road,
Near Nilambaug Circle,
Bhavnagar, Gujarat, 364002
Phone: +91-0278-2995027
Email: info@devlabtechventure.com
Website: http://www.devlabtechventure.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: devlabtech.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Dev Labtech Venture IPO is a SME IPO of 22,00,000 equity shares of the face value of ₹10 aggregating up to ₹11.22 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on March 17, 2023, and closes on March 21, 2023.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Dev Labtech Venture IPO using UPI as a payment gateway. Zerodha customers can apply in Dev Labtech Venture IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dev Labtech Venture IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dev Labtech Venture IPO opens on March 17, 2023 and closes on March 21, 2023.
Dev Labtech Venture IPO lot size is 2000, and the minimum amount required for application is ₹1,02,000.
You can apply in Dev Labtech Venture IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Dev Labtech Venture IPO will be done on Friday, March 24, 2023, and the allotted shares will be credited to your demat account by Tuesday, March 28, 2023. Check the Dev Labtech Venture IPO allotment status.
The Dev Labtech Venture IPO listing date is on Wednesday, March 29, 2023.
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