Dev Labtech Venture was incorporated on April 29, 1993. The company is in the business of manufacturing, marketing and sourcing of diamonds, both natural and lab-grown.
| Bidding Dates |
|---|
| 17 Mar 2023 - 21 Mar 2023 |
| Subscription |
|---|
| 5.47x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,02,000 | 1 | 1 | 2000 | 2.2 M | ₹51 | 73.4 % | ₹112.2 M | RHP DOC |
Dev Labtech Venture IPO SUBSCRIPTION STATUS
21 Mar '23Dev Labtech Venture IPO overall subscription rate was 5.47 times the total available shares
Dev Labtech Venture IPO retail subscription rate was 8.24 times in the retail segment
Dev Labtech Venture IPO non-institutional investor subscription rate was 2.65 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
21 Mar 2023 (Day 3) | 8.24x | 2.65x | - |
20 Mar 2023 (Day 2) | 1.83x | 0.79x | - |
17 Mar 2023 (Day 1) | 0.66x | 0.33x | - |
Dev Labtech Venture FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| H1FY23 | 6.4 | 94.0 | -6.9 | -45.4 |
| FY22 | 4.4 | 268.5 | 3.6 | 7.2 |
| FY21 | 0.4 | 122.4 | -0.8 | -0.9 |
| FY20 | 0.0 | 117.9 | 3.0 | 2.8 |
Dev Labtech Venture IPO SUBSCRIPTION STATUS DETAILS
Dev Labtech Venture had 2.2 M shares on offer
Dev Labtech Venture IPO offer price was ₹51
Dev Labtech Venture IPO minimum Investment was ₹102000
Dev Labtech Venture IPO issue size was ₹ 112.2 M
Dev Labtech Venture had a minimum lot size of 2000 Shares per application
Dev Labtech Venture NUMBER OF SHARES ON OFFER
Dev Labtech Venture IPO IMPORTANT DATES
| Issue Open Date | 17 Mar 2023 |
| Issue close Date | 21 Mar 2023 |
| Allotment Date | 24 Mar 2023 |
| Refund Date | 27 Mar 2023 |
| Demat Account Credit Date | 28 Mar 2023 |
| Listing Date | 29 Mar 2023 |
| Listing on Exchange(s) | BSE |
| Dev Labtech Venture Allotment Status | Exchange |
Dev Labtech Venture IPO subscription opened on 17 Mar 2023, and closed on 21 Mar 2023
IPO allotment for Dev Labtech Venture was finalized on Friday, 24 Mar 2023
IPO listing for Dev Labtech Venture was on BSE on Wednesday, 29 Mar 2023
Dev Labtech Venture IPO LISTING GAINS
| Issue Price (adjusted) | 12.8 |
| Listing Open Price | 51.0 |
| Listing Close Price | 50.2 |
| Listing Gain% | 0.0% |
| Current Gain% | 46.0% |
Dev Labtech Venture Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dev Labtech Venture Ltd. | 18.6 | 15.4 | 9.2 | 0.3 | 0.1 | 18.8 | 5.8 | 167.2 | 219 | 9.6 | 639.6 | 2 | 28.9 |
| Titan Company Ltd. | 4941 | 438655.2 | 76.2 | 1.4 | 4.7 | 32.3 | 8.4 | 88136 | 44.6 | 5073 | 52 | 64.9 | 55.1 |
| Kalyan Jewellers India Ltd. | 606.3 | 62615.7 | 43.6 | 0.6 | 1.6 | 21.4 | 6.5 | 35950.9 | 42.7 | 1350.4 | 88.9 | 13.9 | 79.1 |
| Thangamayil Jewellery Ltd. | 5275 | 16404 | 41.9 | 0.2 | 1.7 | 24.8 | 9.2 | 8513.8 | 73.2 | 351.6 | 196.2 | 125.7 | 262.5 |
| Bluestone Jewellery and Lifestyle Ltd. | 814.5 | 12441.4 | 220.9 | 1.7 | 4.6 | 0.8 | 0.3 | 2486 | 35.8 | 14.8 | 106.7 | 3.7 | 128.6 |
| Sky Gold and Diamonds Ltd. | 719.4 | 11141.6 | 40.5 | 0.4 | 1.8 | 23 | 12.5 | 6331.3 | 76.8 | 275.3 | 107.5 | 17.8 | 107.5 |
Dev Labtech Venture INFORMATION ON IPO ISSUE
About Dev Labtech Venture
Dev Labtech Venture was incorporated on April 29, 1993. The company is in the business of manufacturing, marketing and sourcing of diamonds, both natural and lab-grown.
Object of the Issue
- To meet the capital expenditure requirements
- To meet working capital requirement
- General corporate purpose
- To meet the issue expenses
Dev Labtech Venture - PROMOTERS
| Name |
|---|
| Jerambhai Lavjibhai Donda |
| Labhuben Jerambhai Donda |
| Jay Jerambhai Donda |
Dev Labtech Venture Lead Manager to the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Dev Labtech Venture Registrar to the Issue
Link Intime India Private Limited
devlabtech.ipo@linkintime.co.in
Dev Labtech Venture Strengths
Wide varieties of products
The wide variety of products in lab-grown diamonds and natural diamonds enables the company to cater to customers' tastes and preferences
Experienced promoters
The promoters have significant industry experience and have been instrumental in the consistent growth of the company
Quality of products
The company endeavors to maintain the quality of its products, strives to create works of art that are true to nature, maintains an aesthetic value, follows strict procedures to ensure control quality, timely delivery and competitive prices
Dev Labtech Venture Risks
Limited operating history
The company only recently started manufacturing lab-grown diamonds and thus it has a limited operating history in manufacturing, which may make it difficult for investors to evaluate the historical performance
Outstanding indebtedness
The company has a substantial amount of outstanding indebtedness, which requires significant cash flows and is subject to certain conditions and restrictions in terms of financing arrangements, which restricts its ability to conduct its business and operations
IPO FAQs
The promoters of the company are Jerambhai Lavjibhai Donda, Labhuben Jerambhai Donda and Jay Jerambhai Donda.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 51.0 - 51.0.
The IPO application opens on Mar 17, 2023 and closes on Mar 21, 2023.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 102,000.0, the maximum value for this IPO is Rs 102,000.0.
This IPO will be allotted on Mar 24, 2023.
The refund will be credited to your account on Mar 27, 2023.
The allotted shares will be credited to your demat on Mar 28, 2023.
Dev Labtech Venture Ltd.’s shares listed on the stock exchanges on Mar 29, 2023.