Dev Labtech Venture Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

17 Mar 2023

Close Date

21 Mar 2023

Allotment

24 Mar 2023

Listing Date

29 Mar 2023

Exchange

BSE SME

Price Band

₹51

Listing Price

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Allotment Status

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Price Band

₹51

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

22,00,000 shares (aggregating up to ₹11.22 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹102,000

1 lot

Pre-IPO Holding

60,71,139 shares

Promoters

Post-IPO Holding

82,71,139 shares

Promoters

P/E (Pre)

32.9x

UPI Deadline

2023-03-21

Mandate

Anchor AllotmentThu, 16 Mar 2023

Basis of AllotmentFri, 24 Mar 2023

Refund InitiationMon, 27 Mar 2023

Demat CreditTue, 28 Mar 2023

Listing DayWed, 29 Mar 2023

UPI Mandate Deadline2023-03-21

Sale TypeFresh Capital

Net Offer to Public20,88,000 shares (aggregating up to ₹10.65 Cr)20,88,000 shares (aggregating up to ₹10.65 Cr)

Market Maker Quota1,12,000 shares (aggregating up to ₹0.5712 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Dev Labtech Venture Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 21 Mar 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	112,000	—	₹0.57
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	2,200,000	100%	₹11.22

IPO Shares Offered

Dev Labtech Venture Ltd IPO total issue size: ₹11.22 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	112,000	₹0.57	5.09%
Total	2,200,000	₹11.22	100.00%

* Based on upper price band ₹51 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹51.00

Upper Band

Min Investment

₹102,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹204,000
Retail (Max — 13 Lots)	13	26,000	₹1,326,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,428,000
B-HNI (Min — 68 Lots)	68	136,000	₹6,936,000

* Issue Price ₹51 × Lot Size 2,000 shares

IPO Schedule

Anchor

16 Mar 2023

✓ Done

IPO Open

17 Mar 2023

✓ Done

IPO Close

21 Mar 2023

✓ Done

Allotment

24 Mar 2023

✓ Done

Refunds

27 Mar 2023

✓ Done

Demat Credit

28 Mar 2023

✓ Done

Listing Day

29 Mar 2023

✓ Done

₹51.00

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Issue ₹51.00 Live Price

About Dev Labtech Venture Ltd

Incorporated in 1993, Dev Labtech Venture Limited is a Premier Lab Grown Diamond & Jewellery Manufacturer. The company's registered office is situated in Bhavnagar, Gujarat and it also operates through its sales offices.Dev Labtech has recently started the manufacturing of lab-grown diamonds, earlier to this, the entity was engaged in the processing of natural diamonds only. The company has developed expert skills over the years in mapping, designing, cutting, and polishing with innovation & extracting optimum output with less wastage while transforming rough to natural polish diamonds.Dev Labtech Venture Limited has an in-house technical & Design team to make Laboratory grown diamonds. The company has placed the highest quality checks at every level of the manufacturing processes to ensure the superiority of its products.The company is striving to expand its product line and offer complementary products to enhance its product portfolio.

Objects of the Issue

To Meet the Capital Expenditure Requirements

To Meet Working Capital Requirement

General Corporate Purpose

Dev Labtech Venture Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹1,228.1

31-Mar-21

₹2,698.0

31-Mar-22

₹966.4

30-Sep-22

Profit After Tax (PAT)

₹3.7

31-Mar-21

₹43.6

31-Mar-22

₹64.1

30-Sep-22

Particulars	30-Sep-22	31-Mar-22	31-Mar-21
Revenue from Operations	966.43	2698.01	1228.11
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	64.12	43.62	3.65
Net Worth	717.86	192.07	148.45
Total Assets	1166.65	888.24	713.73
Reserves & Surplus	232.17	66.35	127.50
Borrowings	114.52	122.58	177.53
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered22,00,000 (100.00%)

Net Offer to Public20,88,000 shares (aggregating up to ₹10.65 Cr)20,88,000 shares (aggregating up to ₹10.65 Cr)

Reserved for Market Maker1,12,000 shares (aggregating up to ₹0.5712 Cr)

Pre-Issue Promoter Holding60,71,139 shares

Post-Issue Promoter Holding82,71,139 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270

devlabtech.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

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Book Running Lead Managers

Beeline Capital Advisors Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Dev Labtech Venture Ltd IPO subscribed? ▲

Dev Labtech Venture Ltd IPO is subscribed 1.00 times by Mar 21, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Dev Labtech Venture Ltd IPO retail subscription status? ▼

The Dev Labtech Venture Ltd IPO retail category is subscribed 1.00 times as of 21 Mar 2023. The retail portion is oversubscribed.

How to subscribe Dev Labtech Venture Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 17 Mar 2023 and closes 21 Mar 2023. Min investment: ₹102,000 (1 lot = 2,000 shares). UPI mandate: 2023-03-21.

How many times Dev Labtech Venture Ltd IPO subscribed? ▼

The Dev Labtech Venture Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Dev Labtech Venture Ltd IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 24 Mar 2023. Refunds: on 27 Mar 2023.

When Dev Labtech Venture Ltd IPO will be listed? ▼

The Dev Labtech Venture Ltd IPO listing date is 29 Mar 2023, Wednesday. Listed on: BSE SME. Issue price: ₹51. Estimated listing: ₹51. GMP: NIL.

When Dev Labtech Venture Ltd IPO close? ▼

The Dev Labtech Venture Ltd IPO closes on 21 Mar 2023, Tuesday. UPI mandate: 2023-03-21. Allotment: 24 Mar 2023. Listing: 29 Mar 2023.

Quick Actions

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Live Price LIVE

Last Price₹51.00

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Issue Price₹51.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹51

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹102,000

GMPNIL

Est. Listing₹51

Subscribed1.00x

Open Date17 Mar 2023

Close Date21 Mar 2023

Allotment24 Mar 2023

Listing Date29 Mar 2023

ExchangeBSE SME

UPI Deadline2023-03-21