IPO Issue Details
Issue Price / Price Band₹51 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size22,00,000 shares (aggregating up to ₹11.22 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 17 Mar 2023
Subscription CloseTue, 21 Mar 2023
Anchor AllotmentThu, 16 Mar 2023
Basis of AllotmentFri, 24 Mar 2023
Initiation of RefundsMon, 27 Mar 2023
Credit of Shares to DematTue, 28 Mar 2023
Listing DateWed, 29 Mar 2023
UPI Mandate Deadline2023-03-21
Application & Investment Details
Retail — Min (1 Lots)₹1,02,000 — 2,000 shares
Retail — Max (13 Lots)₹1,326,000 (13 Lots)
HNI — Min (2 Lots)₹2,04,000 — 4,000 shares
P/E Ratio (Pre-IPO)32.9x
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-IPO Promoter Holding60,71,139 shares
Post-IPO Promoter Holding82,71,139 shares
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
Dev Labtech Venture Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
To Meet the Capital Expenditure Requirements
1.54
2
To Meet Working Capital Requirement
7.50
3
General Corporate Purpose
1.78
Shareholding & Lock-in
Pre-IPO Promoter Holding
60,71,139 shares
Post-IPO Promoter Holding
82,71,139 shares