Dev Labtech Venture  IPO details & analysis

    Dev Labtech Venture IPO details & analysis at,
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    Dev Labtech Venture IPO Guidance:
    LabGrown diamonds have huge market potential, but to get strong returns, the promoters and the company must have solid skills and at present, we are not sure, how skillful they are in this type of Diamond processing. The company has shown very low profitability during last 3 years. The fancy in the grey market is not strong. IPO size is large. One may apply or avoid this IPO. 


    Dev Labtech Venture IPO Grey Market updates 
    For latest updates, Click

    Dev Labtech Venture IPO Subscription Status
    On 21 March 2023 @ 5.00 (Closed)
    NII:        1044000  Shares,  2.65T
    RII:        1044000  Shares,  8.24T
    Total:    2088000  Shares   5.47T

    Dev Labtech Venture: Company Details

    The Company is in business of manufacturing, marketing and sourcing of diamonds – natural and lab grown having wide application in Jewellery. It 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 colours.

    The Company has recently started manufacturing of lab grown diamonds before that the company was engaged in processing of natural diamonds only.

    According to the company, the technology and process has immense advantage to the company to produce the Lab grown diamonds with more purity & clarity and required sizes and shapes with much cheaper than natural diamonds. With the background and experience in natural diamonds it has developed in-house team with manufacturing facilities new and innovative lab grown diamonds. The
    technology known as – Microwave Plasma Chemical Vapour Disposition (MPCVD) to make lab grown Diamonds from Diamond Seed. This technology well tested and used in large scale in China. MPCVD is a pure and fast diamond deposition process, hence best suited for commercial uses.
    For more information about the company, Click

    Dev Labtech Venture IPO Details
    IPO opens on Tentative  17 March 2023
    IPO closes on   21 March 2023
    Issue Type Book Built Issue IPO
    Issue Size 2200000 Sh /Rs 11.22 Cr
    * Fresh Issue 2200000 Sh /Rs 11.22 Cr
    * Offer for Sale  – Sh /Rs – Cr
    Face Value per share: Rs. 10
    Price Band Rs.51
    Employee discount  Rs. 0 per share
    Retail Lot Size  2000Shares
    Listing will at  BSE Sme
    Shares offered to
      Shares Rs. (Cr)
    QIB (0 %) 
    NII (50 %)  1044000 5.32
    RII (50 %) 1044000 5.32
    Total Shares  2088000 10.64
    Retail portion will be oversubscribed by  522
    How much Shares to Apply?
    Min Retail Application 2000 Sh Rs. 102000
    Min HNI Application  4000 Sh Rs. 204000

    Promoters of the IPO

    Objects of the IPO:
    The Company proposes to utilize the Net Proceeds from the Issue towards
    1. To Meet the Capital Expenditure Requirements
    2. To Meet Working Capital Requirement

    IPO Tentative timetable
    IPO opens on 17   March 2023
    IPO Closes on 21   March 2023
    IPO Allotment on  24 March 2023
    Unblocking of ASBA  27 March 2023
    Credit of Shares 28 March 2023
    Listing on 29 March 2023
    Registered Office of the Company
    GF/22-23, Pattani Plaza, Dairy Road, Near
    Nilambaug Circle, Bhavnagar – 364002,
    Gujarat, India
    IPO Lead Managers 
    Registrar to the IPO
    IPO Financial & Analytical Ratios
    Year Total Income Net Profit EPS RoNW Cr Cr Rs. %
    2019-20 11.79 0.00 0.02 0.03
    2020-21 12.28 0.04 1.74 2.46
    2021-22  26.98 0.44 3.47 22.71
    Book Value of the Share on 31.03.2022 Rs.15.28    
    Book Value of the Share after the IPO Rs.-    
    Offer Price   Rs. 51    
    Ratio Analysis
    Upper Price/last EPS 116
    Upper price/BV Ratio 3.34
    Upper price/BV after IPO 

    Dev Labtech Venture IPO Peer Comparison: 
    Currently the company is mainly engaged in business of manufacturing, marketing and sourcing of diamonds – natural and lab grown diamonds and there is no listed peer group company which are strictly comparable to it with respect to the industry and business segment in which it operates and the size of the company.


    # This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

    Dev Labtech Venture IPO details & analysis first posted on 14 March 2023

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