Dev Labtech IPO GMP, Review, Price, Allotment

Dev Labtech IPO GMP 2023

Dev Labtech IPO description – 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 production of lab-grown diamonds. The company has developed the skill and expertise with 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.

The company has established its distribution and marketing network through e-mails, telephone, attending exhibitions, and connecting through social media platforms.

Dev Labtech Venture 2023

Promoters of Dev Labtech – Mr. Jerambhai Lavjibhai Donda, Mrs. Labhuben Jerambhai Donda and Mr. Jay Jerambhai Donda

Dev Labtech IPO Details

Dev Labtech IPO Dates17 – 21 March 2023
Dev Labtech IPO PriceINR 51 per share
Fresh issue22,00,000 shares (INR 11.22 crore)
Offer For SaleNil
Total IPO size22,00,000 shares (INR 11.22 crore)
Minimum bid (lot size)2,000 shares (INR 102,000)
Face Value INR 10 per share
Retail Allocation50%
Listing OnBSE SME

Dev Labtech Financial Performance

 FY 2020FY 2021FY 2022H1 FY 2023
Net income0.043.6543.6264.12
Figures in INR Lakhs unless specified otherwise

Dev Labtech Offer News

Dev Labtech Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio60.71
RONW (%)0.032.4622.71
ROCE (%)
EBITDA (%)2.962.613.19
*Compiled by IPO Central from Prospectus

Dev Labtech IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
27 Mar 2023910,000
24 Mar 20231010,000
23 Mar 20231210,000
22 Mar 2023108,000
21 Mar 2023108,000
20 Mar 202355,000
18 Mar 202355,000
17 Mar 202355,000
16 Mar 20233
15 Mar 20235

Dev Labtech IPO Subscription – Live Updates

Shares Offered1,000,0001,000,0002,000,000
21 Mar 20232.171.171.67
20 Mar 20232.140.361.25
17 Mar 20230.350.700.53

Dev Labtech Offer Lead Manager

807, Phoenix, Opp. Girish Cold Drinks
Near Vijay Cross Roads, Navrangpura
Ahmedabad -380009, Gujarat
Phone: 079 4840 5357 / 48406357
Email: [email protected]

Dev Labtech Offer Registrar

C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]

Dev Labtech Contact Details

GF/22-23, Pattani Plaza, Dairy Road,
Near Nilambaug Circle, Bhavnagar – 364002, Gujarat
Phone: +91-0278-2995027
E-mail: [email protected]

Dev Labtech IPO Allotment Status

Dev Labtech IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.

Dev Labtech IPO Dates & Listing Performance

IPO Opening Date17 March 2023
IPO Closing Date21 March 2023
Finalisation of Basis of Allotment24 March 2023
Initiation of refunds27 March 2023
Transfer of shares to demat accounts28 March 2023
Dev Labtech IPO Listing Date29 March 2023
Opening Price on BSE SMEINR 51 per share (no change)
Closing Price on BSE SMEINR 50.21 per share (down 1.55%)

Dev Labtech IPO FAQs

What is Dev Labtech offer size?

Dev Labtech offer size is INR 11.22 crore.

What is Dev Labtech IPO Price Band?

Dev Labtech public offer price is INR 51 per share.

What is the lot size of Dev Labtech IPO?

Dev Labtech offer a lot size is 2,000 shares.

What is Dev Labtech IPO GMP today?

Dev Labtech IPO GMP today is INR 9 per share.

What is Dev Labtech kostak rate today?

Dev Labtech kostak rate today is NA per application.

What is Dev Labtech Subject to Sauda rate today?

Dev Labtech Subject to Sauda rate today is INR 10,000 per application.


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