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SME IPO Status: Listed [17th Mar 2023 to 21st Mar 2023]
Dev Labtech Venture Limited offers a SME IPO issue size of 2,200,000 equity shares worth Rs 11.22 Cr. The subscription for this SME IPO is opening soon. The face value of the equity share is Rs 10 per share. The issue price for this SME IPO is fixed at Rs 51 per share along with the lot size of 2000 shares and its multiples.
Stay updated with us to know more about the Dev Labtech Venture Limited IPO Review including company overview, financial, live subscription, allotment, GMP, and more.
| SME IPO Issue Opening Date: | 17th Mar 2023 |
| SME IPO Issue Closing Date: | 21st Mar 2023 |
| SME IPO Issue Price: | ₹51 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | 50% of the Net Issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹11.22 Cr |
| Fresh Issue: | ₹11.22 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 92.66% |
| Promoter Holding Post IPO: | 68.01% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543848 |
Get important updates regarding Dev Labtech Venture SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 24th Mar 2023 |
| Refunds Initiation* | 27th Mar 2023 |
| Credit of Shares to Demat* | 28th Mar 2023 |
| SME IPO Listing Date* | 29th Mar 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹51 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹102000 |
| Min HNI Lots: | 4000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 29-03-2023 | 51 | 8 | 16000 | ₹59 (15.69%) | 29-Mar-2023 10:01 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
This company was originally incorporated on 29 April 1993 as “Gadhinagar Plastronics Private Limitedâ€Â, further the name of the company was changed to “Dev Labtech Venture Private Limited†in Sept 2022. It is in business of manufacturing, marketing and sourcing of diamonds – natural and lab grown having wide application in Jewellery. They are 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 colours.
Dev Labtech Company has recently started manufacturing of lab grown diamonds before that this company was engaged in processing of natural diamonds only. This Company has developed the skill and expertise with application of computer software and laser technology for mapping, designing, cutting, polishing with innovation & optimum output with less wastage in rough to natural polish diamonds.
They have also developed the In-house technical & Design team to make Laboratory grown diamonds. This technology and process has immense advantage to its company to produce the Lab grown diamonds with more purity & clarity and required sizes and shapes with much cheaper than natural diamonds. With the background and experience in natural diamonds they have developed in-house team with manufacturing facilities new and innovative lab grown diamonds. The technology known as Microwave Plasma Chemical Vapour Disposition (MPCVD) to make lab grown Diamonds from Diamond Seed. This technology well tested and used in large scale in China. MPCVD is a pure and fast diamond deposition process, hence best suited for commercial uses.
| Incorporation | Sector | IPO Issue Size | Website |
| 1993 | Jewellery Industry | ₹11.22 Cr | http://www.devlabtechventure.com/ |
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 1,044,000 (50%) | 1,044,000 (50%) | 2,088,000 | |
| 1 | 17th Mar 2023 19:04 | 0.33x | 0.66x | 0.49x |
| 2 | 20th Mar 2023 19:04 | 0.79x | 1.83x | 1.31x |
| 3 | 21st Mar 2023 19:04 | 2.65x | 8.24x | 5.47x |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 711.23 | 1,178.85 | 0.04 | 144.80 | 123.84 | 154.05 |
| 31-Mar-21 | 713.73 | 1,228.11 | 3.65 | 148.45 | 127.50 | 177.53 |
| 31-Mar-22 | 888.24 | 2,698.01 | 43.62 | 192.07 | 66.35 | 122.58 |
| 30-Sep-22 | 1,166.65 | 966.43 | 64.12 | 717.86 | 232.17 | 114.52 |
| Amount in ? Lakhs | ||||||
Last Updated on 01-Apr-2023 09:00:09
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Dev Labtech Venture SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Dev Labtech Venture SME IPO with Zerodha.
Alternate approch to apply in Dev Labtech Venture SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Dev Labtech Venture SME IPO Review and Important Updates
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To subscribe or apply in Dev Labtech Venture SME IPO, you can use the following methods:
| Dev Labtech Venture SME IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Dev Labtech Venture SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Dev Labtech Venture SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Dev Labtech Venture SME IPO. Most of the Syndicate Banks provide access to apply in Dev Labtech Venture IPO via ASBA process. You must have your net banking access, DP ID information to apply in Dev Labtech Venture SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Dev Labtech Venture SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Dev Labtech Venture SME IPO Review and Important Updates
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Dev Labtech Venture SME IPO is going to be list on 29-03-2023. NSE Code for Dev Labtech Venture is . BSE Code for Dev Labtech Venture is 543848.
Other relevant questions:
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Dev Labtech Venture SME IPO Allotment Date is 24-03-2023.
Other relevant questions:
Dev Labtech Venture SME IPO share allotment date?Dev Labtech Venture SME IPO allotment date?
