Dev Labtech Venture IPO: GMP, Price, Dates & size

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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

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 
ITCONS E-Solutions IPO: GMP, Price, Dates and size

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: 

  1. To Meet the Capital Expenditure Requirements 
  1. To Meet Working Capital Requirement 
  1. General Corporate Purpose 
  1. 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
Websitehttp://www.devlabtechventure.com/

Dev Labtech Venture IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: devlabtech.ipo@linkintime.co.in
Websitehttps://linkintime.co.in/

Dev Labtech Venture IPO Lead Manager(s)

  1. Beeline Capital Advisors Pvt Ltd (Past IPO Performance)

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