Fixed Price IPO | ₹11 Cr | Listed at BSE SME | Fri, Mar 17, 2023 - Tue, Mar 21, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Mar 17, 2023
IPO Close
Tue, Mar 21, 2023
Issue Price
₹51 per share
Market Cap (Pre-IPO)
₹42.18 Cr
| IPO Date | 17 to 21 Mar, 2023 |
| Listed on | Wed, Mar 29, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 22,00,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 1,12,000 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹0.5712 Cr) |
| Fresh Issue (Ex Market Maker) | 20,88,000 shares (agg. up to ₹11 Cr) |
| Net Offered to Public | 20,88,000 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 60,71,139 shares |
| Share Holding Post Issue | 82,71,139 shares |
| BSE Script Code | 543848 |
| ISIN | INE0NIJ01017 |
Dev Labtech Venture IPO comprises a total issue size of 22,00,000 shares. The net offer to the public is 20,88,000 shares, after excluding 1,12,000 shares allotted on a firm basis. Of the Net offer 10,44,000 (50.00%) allocated to NII 10,44,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 10,44,000 | 50.00% | 47.45% |
| Retail Shares Offered | 10,44,000 | 50.00% | 47.45% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,12,000 | 5.09% | |
| Total Shares Offered | 22,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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 | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 11.67 | 8.88 | 7.14 | 7.11 |
| Total Income | 9.66 | 26.98 | 12.28 | 11.79 |
| Profit After Tax | 0.64 | 0.44 | 0.04 | 0.00 |
| NET Worth | 7.18 | 1.92 | 1.48 | 1.45 |
| Reserves and Surplus | 2.32 | 0.66 | 1.28 | 1.24 |
| Total Borrowing | 1.15 | 1.23 | 1.78 | 1.54 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet the Capital Expenditure Requirements | 1.54 |
| 2 | To Meet Working Capital Requirement | 7.50 |
| 3 | General Corporate Purpose | 1.78 |
| KPI | |
|---|---|
| ROE | 29.68 |
| ROCE | 0.22 |
| Debt/Equity | 0.64 |
| RoNW | 22.71 |
| PAT Margin | 1.62% |
| EBITDA Margin | 2.96% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.84 | |
| P/E (x) | 32.9 | |
| Promoter Holding | 92.66% | 68.01% |
| Market Cap | ₹42.18 Cr. |
The Dev Labtech Venture IPO is subscribed 5.47 times on March 21, 2023 7:02:00 PM (Day 3). The public issue subscribed 8.24 times in the retail category, [.] times in the QIB category, and 2.65 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.65 | 10,44,000 | 27,70,000 |
| Retail | 8.24 | 10,44,000 | 86,04,000 |
| Total | 5.47 | 20,88,000 | 1,14,14,000 |
Total Application : 4,938
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Brokerage, selling, commission and upload fees | 0.05 |
| 2 | Registrar to the issue | 0.01 |
| 3 | Legal Advisors | 0.01 |
| 4 | Advertising and Marketing expenses | 0.01 |
| 5 | Regulators including stock exchanges | 0.05 |
| 6 | Printing and distribution of issue stationery | 0.01 |
| 7 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 0.08 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹51.00 |
| Low | ₹48.45 |
| High | ₹51.20 |
| Last Trade | ₹50.21 |
Lead Manager Reports
Dev Labtech Venture IPO is a SME IPO of 22,00,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Mar 17, 2023, and closes on Tue, Mar 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 Fri, Mar 17, 2023 and closes on Tue, Mar 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 Tue, Mar 28, 2023. Check the Dev Labtech Venture IPO allotment status.
The Dev Labtech Venture IPO listing date is on Wed, Mar 29, 2023.
