Dev Labtech Venture Limited is a leading manufacturer of lab-grown diamonds and jewellery, with its registered office located in Bhavnagar, Gujarat. The company has recently expanded its operations to include the production of lab-grown diamonds, having previously focused on processing natural diamonds. With years of experience in mapping, designing, cutting, and polishing natural diamonds, the company has developed expert skills and innovative techniques for transforming rough diamonds into polished gems with minimal wastage.
To ensure the superior quality of its products, Dev Labtech Venture Limited has implemented stringent quality checks at every stage of the manufacturing process. The company also has an in-house technical and design team dedicated to creating laboratory-grown diamonds that meet the highest standards of excellence. Operating through its sales offices, The company has established itself as a premier lab-grown diamond and jewellery manufacturer.
Dev Labtech Venture IPO Details
| IPO Date | Mar 17, 2023 to Mar 21, 2023 |
| Listing Date | Mar 29, 2023 |
| Face Value | ₹10 per share |
| Price | ₹51 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,200,000 shares (aggregating up to ₹11.22 Cr) |
| Fresh Issue | 2,200,000 shares (aggregating up to ₹11.22 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Dev Labtech Venture IPO Tentative Timetable
IPO opens on Mar 17, 2023, and closes on Mar 21, 2023.
| Event | Tentative Date |
| Opening Date | Mar 17, 2023 |
| Closing Date | Mar 21, 2023 |
| Basis of Allotment | Mar 24, 2023 |
| Initiation of Refunds | Mar 27, 2023 |
| Credit of Shares to Demat | Mar 28, 2023 |
| Listing Date | Mar 29, 2023 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Industry Overview
The lab-grown diamond industry has been rapidly growing in recent years due to advancements in technology and increasing demand for sustainable and ethically sourced diamonds. The global lab-grown diamond market size was valued at USD 3.1 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 16.5% from 2021 to 2028.
Dev Labtech Venture Limited is a leading manufacturer of lab-grown diamonds and jewellery, with expertise in mapping, designing, cutting, and polishing natural diamonds. With the recent expansion of its operations to include the production of lab-grown diamonds, the company is well-positioned to capitalize on the growing demand for sustainable and ethically sourced diamonds.
Company Financials
| 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 |
Objects of the Issue
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet the Capital Expenditure Requirements
- To Meet Working Capital Requirement
- General Corporate Purpose
- To Meet the Issue Expenses
Dev Labtech Venture IPO Prospectus
Company Contact Information
Dev Labtech Venture Limited
GF/22-23, Pattani Plaza,
Dairy Road, Near Nilambaug Circle,
Bhavnagar – 364002
Phone: +91-0278-2995027
Email: info@devlabtechventure.com
Website: http://www.devlabtechventure.com/
Dev Labtech Venture IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: devlabtech.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Dev Labtech Venture IPO Lead Manager(s)
- Beeline Capital Advisors Pvt Ltd (Past IPO Performance)
