Dev Labtech Venture Limited

Company Profile
Company Name Dev Labtech Venture Limited
Open Date 17-03-2023
Close Date 21-03-2023
Exchange BSE SME
Lot Size 2000 shares
Issue Price ₹ 51 per share
Issue Size 22,00,000 equity shares
Application Amount ₹ 1,02,000
Recommendation Avoid
Dev Labtech Venture Limited was incorporated in the year 1993 and is headquartered in Bhavnagar. The company is in the business of manufacturing, marketing, and sourcing of diamonds – natural and lab grown having wide application in jewellery. The company has recently started manufacturing of lab grown diamonds before that the company was engaged in processing of natural diamonds only.  The sales office is situated at Bhavnagar, Surat, and Mumbai. As on date of filing of Red Herring Prospectus, company have 24 employees on their payroll.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Sep-22
Total Assets 713.73 888.24 1,166.65
Net Assets 148.45 192.07 717.86
Total Borrowings 177.53 122.58 114.52
Total Revenue 1,228.11 2,698.01 966.43
Profit After Tax 3.65 43.62 64.12

Tentative Timeline

Opening Date 17-03-2023
Closing Date 21-03-2023
Basis of Allotment 24-03-2023
Initiation of Refunds 27-03-2023
Credit of Shares to Demat 28-03-2023
Listing Date 29-03-2023

Objects of the Issue

To Meet the Capital Expenditure Requirements
To Meet Working Capital Requirement
General Corporate Purpose
To Meet the Issue Expenses

Contact Information

Registered Office Dev Labtech Venture Limited GF/22-23, Pattani Plaza, Dairy Road, Near Nilambaug Circle, Bhavnagar – 364002
Phone +91-0278-2995027

Registrar Details

Name Link Intime India Private Limited
Phone +91-22-4918 6270

IPO Reservation

Anchor Investor Shares Offered -
Market Maker Shares Offered 112,000 (5.09%)
Other Shares Offered 1,044,000 (47.45%)
Retail Shares Offered 1,044,000 (47.45%)
Total Shares Offered 2,200,000 (100%)

Shareholding Pattern

Pre Issue Share Holding (Promoters) 92.66%
Post Issue Share Holding (Promoters) 68.01%

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