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 |
|---|---|---|
| Revenue from Operations | 2,685.13 | 1,223.85 |
| Profit After Tax (PAT | 43.62 | 3.65 |
| EBITDA | 79.58 | 31.94 |
| EPS | 3.47 | 1.74 |
| Current Asset | 888.24 | 713.73 |
| Current ratio | 29.00 | 12.46 |
Know before investing
Strengths
3The company offers a variety of products of lab-grown and natural diamonds.
Experienced promoters.
Integrated manufacturing units for the smooth running of manufacturing processes.
Risks
3The 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.
