17 Mar '23 - 21 Mar '23
₹102,000 / 1 Lots ( 2000 Shares )
₹102,000 / 1 Lots ( 2000 Shares )
To be announced
Investor category and sub categoryQualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |
Important dates with respect to IPO allotment and listing
IPO Opening Date
Mar 17, 2023
IPO Closing Date
Mar 21, 2023
Basis of Allotment
Mar 24, 2023
Initiation of Refunds
Mar 27, 2023
Credit of Shares to Demat
Mar 28, 2023
IPO Listing Date
Mar 29, 2023
IPO Subscription Details
Day 1Mar 17, 2023
Day 2Mar 20, 2023
Day 3Mar 21, 2023
IPO Subscription Status Live
|Investor Category||Subscription (Times)|
|Qualified Institution Buyers||[.]|
Founded in 1993, Dev Labtech Venture manufactures and markets lab-grown diamonds and jewellery. It is a new venture of the company. Processing natural diamonds was the original business of the company promoters.
They have developed the skills and expertise in applying computer software and laser technology required for mapping, designing, cutting, and polishing lab-grown diamonds. Their in-house technical and design team develops diamonds with more purity and desired sizes. To make lab-grown diamonds from diamond seeds, they use Microwave Plasma Chemical Vapour Deposition (MPCVD) technology.
Dev Labtech Venture issues an initial public offering to raise ₹11.22 crore through sales of 2,200,000 equity shares with a face value of ₹10. The bidding window opens on March 17, 2023.
Dev Labtech Venture IPO is a fixed-price issue. The price band is fixed at ₹51 per share with a lot size of 2000 shares per lot.
Dev Labtech Venture IPO Objective
- To meet capital expenditure and working capital requirements
- General corporate purposes
- Issue expenses
Why should you invest in Dev Labtech Venture Ltd.?
These are your top reasons to invest in Dev Labtech Venture Ltd.
- They have developed the technology and skills required for the end-to-end processing of lab-grown diamonds.
- With the global market expansion, the gem and jewellery industry will witness significant demand-supported growth.
- E-commerce penetration will continue to impact the jewellery market. Online sales are expected to be 1-2% of the fine jewellery segment.
Dev Labtech Venture Noteworthy highlights
- Dev Labtech Venture belongs to the jewellery industry and stands to benefit from government policies to boost export and remove custom duty on cut and polished diamonds and gemstones.
- Reduction in import duty of gold, hallmarking and others will help the industry to grow and meet export targets. The total export volume stood at US$43.75 billion in 2021.
Dev Labtech Venture Company Financials
|Particulars||Year ending on March 31, 2022||Year ending on March 31, 2021||Year ending on March 31, 2020|
|Revenue from Operations||2,685.13||1,223.85||1,178.85|
|Profit After Tax (PAT||43.62||3.65||0.04|
Know before investing
The company offers a variety of products of lab-grown and natural diamonds.
Integrated manufacturing units for the smooth running of manufacturing processes.
The lab-grown diamond business is new and thus has a limited operating history.
Diamonds are a luxury item, and discretionary spending by customers can impact the demand for jewellery items.
Their promoter’s group also operates in a similar business line which can cause competition.
Login to Angel One App / Website & click on IPO
Select desired IPO & tap on "Apply"
Enter UPI ID, set quantity/price & submit
Accept mandate on the UPI app to complete the process
Login to Angel One App / Website
Choose IPO section on Home Page
Click IPO Orders
Chose the IPO application you want to view the status for
Dev Labtech Venture Ltd. IPO worth ₹11.22 crore will open for subscription on March 17, 2023. The IPO size contains 2,200,000 equity shares with face value of ₹10 per share.
The subscription window will remain open from March 17-21, 2023.
The basis of the allotment date is March 24, 2023.
One lot of Dev Labtech Venture IPO has 2000 shares.
The IPO will open on March 17, 2023.
Retail investors can apply for a minimum of one lot.
The listing date of Dev Labtech Venture Ltd. on BSE SME is March 29, 2023.
You can check the allotment status of your IPO application from the Angel One app.
To check the allotment status, enter the application number, DP ID, and PAN number into the app.
Listing gain refers to the difference between the IPO’s opening and offer prices. The listing gain is influenced by changing investors’ interests, global parameters, and short vs long-term outlooks.
The bank initially blocks the amount you bid for an IPO. It will debit the money when the shares are allotted or unblock the amount after the UPI mandate expiry date.
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
You can submit only one application using one PAN card.
The minimum size of the application will be one lot of 2000 shares.