Dev Labtech Venture IPO will open for subscription from 17 March 2023. the company aims for an issue size of ₹11.22 Cr through this IPO.
About Company
Incorporated in 1993, Dev Labtech Venture is in the business of manufacturing, marketing, and sourcing 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 colors.
The company’s registered office is situated in Bhavnagar and its sales offices are located in Bhavnagar, Surat, and Mumbai. The company has recently started the production of lab-grown diamonds. The company has developed the skill and expertise with the application of computer software and laser technology for mapping, designing, cutting, and polishing with innovation & optimum output with less wastage in rough to natural polish diamonds.
Basic details about the company
| Full name | Dev Labtech Venture Limited |
| Sector | Diamond & Jewellery |
| Industry | Diamond & Jewellery |
| Company Website | https://www.devlabtechventure.com/ |
The objective of the Issue
- To Meet the Capital Expenditure Requirements.
- To Meet Working Capital Requirement.
- General Corporate Purpose.
- To Meet the Issue Expenses.
IPO Timetable
| IPO Opening date | 17 March 2023 |
| IPO Closing | 21 March 2023 |
| Basis of Allotment | 24 March 2023 |
| Initiation Refund | 27 March 2023 |
| Credit to Demat Account | 28 March 2023 |
| Listing Date | 29 March 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹11.22 Cr – 2,200,000 shares |
| Fresh Issue | ₹11.22 Cr – 2,200,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹51 per share |
| Lot size | 2000 Shares |
| Retail Allocation | 50% |
| Listing Exchange | BSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹102,000 |
| Retail (Max) | 1 | 2000 | ₹102,000 |
| HNI (Min) | 2 | 4,000 | ₹204,000 |
Reservation Details
| QIB Shares Offered | Nil |
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 | |
| Revenue | 1,178.85 | 1,223.85 | 2,685.13 | 940.12 |
| Expenses | 1,174.19 | 1,222.65 | 2,652.38 | 895.21 |
| Net income | 0.04 | 3.65 | 43.62 | 64.12 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.00 | 0.07 | 0.84 |
| PE ratio | – | – | 60.71 |
| RONW (%) | 0.03 | 2.46 | 22.71 |
| NAV | 69.11 | 70.85 | 15.28 |
| ROCE (%) | 8.0 | 7.0 | 22.0 |
| EBITDA (%) | 2.96 | 2.61 | 3.19 |
| Debt/Equity | 1.06 | 1.20 | 0.64 |
Company Promoters
- Mr. Jerambhai Lavjibhai Donda
- Mrs. Labhuben Jerambhai Donda
- Mr. Jay Jerambhai Donda
Promoter Holding
| Pre Issue Share Holding | 92.66% |
| Post Issue Share Holding | 68.01% |
Lead Manager
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
807, Phoenix, Opp. Girish Cold Drinks
Near Vijay Cross Roads, Navrangpura
Ahmedabad -380009, Gujarat
Phone: 079 4840 5357 / 48406357
Email: mb@beelinemb.com
Website: www.beelinemb.com
IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Telephone: 022 4918 6200
Email: devlabtech.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Details
DEV LABTECH VENTURE LIMITED
GF/22-23, Pattani Plaza, Dairy Road,
Near Nilambaug Circle, Bhavnagar – 364002, Gujarat
Phone: +91-0278-2995027
E-mail: info@devlabtechventure.com
Website: www.devlabtechventure.com
Allotment Status
Dev Labtech IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Final thoughts
Dev Labtech Venture IPO is going to hit Dalal street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
