March 29, 2023
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Dev Labtech Venture IPO details & analysis at Chanakyanipothi.com,
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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
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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 www.devlabtechventure.com
| 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 | |
| Forms | ||
| How much Shares to Apply? | ||
| Min Retail Application | 2000 Sh | Rs. 102000 |
| Min HNI Application | 4000 Sh | Rs. 204000 |
Promoters of the IPO
MR. JERAMBHAI LAVJIBHAI DONDA, MRS. LABHUBEN JERAMBHAI DONDA AND MR. JAY JERAMBHAI DONDA
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 |
| BEELINE CAPITAL ADVISORS Pvt Ltd |
| Registrar to the IPO |
| LINK INTIME INDIA Pvt Ltd |
| IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in 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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