Dev Labtech IPO GMP, Review, Price, Allotment

Last updated on March 30, 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.

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

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Dev Labtech IPO Details

Dev Labtech IPO Dates	17 – 21 March 2023
Dev Labtech IPO Price	INR 51 per share
Fresh issue	22,00,000 shares (INR 11.22 crore)
Offer For Sale	Nil
Total IPO size	22,00,000 shares (INR 11.22 crore)
Minimum bid (lot size)	2,000 shares (INR 102,000)
Face Value	INR 10 per share
Retail Allocation	50%
Listing On	BSE SME

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Dev Labtech 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

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Dev Labtech Offer News

• Dev Labtech RHP
• Dev Labtech Draft Prospectus
• ASBA IPO Forms
• Live IPO Subscription Status
• IPO Allotment Status

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Dev Labtech 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

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Dev Labtech IPO GMP Today

Date	Consolidated IPO GMP	Kostak	Subject to Sauda
27 Mar 2023	9	–	10,000
24 Mar 2023	10	–	10,000
23 Mar 2023	12	–	10,000
22 Mar 2023	10	–	8,000
21 Mar 2023	10	–	8,000
20 Mar 2023	5	–	5,000
18 Mar 2023	5	–	5,000
17 Mar 2023	5	–	5,000
16 Mar 2023	3	–	–
15 Mar 2023	5	–	–

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Dev Labtech IPO Subscription – Live Updates

Category	Non-retail	Retail	Total
Shares Offered	1,000,000	1,000,000	2,000,000
21 Mar 2023	2.17	1.17	1.67
20 Mar 2023	2.14	0.36	1.25
17 Mar 2023	0.35	0.70	0.53

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Dev Labtech Offer 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: [email protected]
Website: www.beelinemb.com

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Dev Labtech Offer Registrar

LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website:  www.linkintime.co.in

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Dev Labtech 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: [email protected]
Website: www.devlabtechventure.com

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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.

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Dev Labtech IPO Dates & Listing Performance

IPO Opening Date	17 March 2023
IPO Closing Date	21 March 2023
Finalisation of Basis of Allotment	24 March 2023
Initiation of refunds	27 March 2023
Transfer of shares to demat accounts	28 March 2023
Dev Labtech IPO Listing Date	29 March 2023
Opening Price on BSE SME	INR 51 per share (no change)
Closing Price on BSE SME	INR 50.21 per share (down 1.55%)

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Dev Labtech IPO FAQs