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Open
17 Mar 2023
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Close
21 Mar 2023
3
Allotment
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Listing
Wed, Mar 29, 2023
Price Band
₹51 per share
Issue Size
22,00,000 shares (agg. up to ₹11 Cr)
Lot Size
2,000 Shares
Listing Date
Wed, Mar 29, 2023
Latest GMP
₹8
Est. Gain
15.69%
✦ AI Insight
GMP Trend
29-03-2023₹8Est. ₹59+15.69%
28-03-2023₹4Est. ₹55+8.82%
27-03-2023₹11Est. ₹62+21.57%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 5.34x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 11.67 | 8.88 | 7.14 | 7.11 |
| Total Income | 9.66 | 26.98 | 12.28 | 11.79 |
| Profit After Tax | 0.64 | 0.44 | 0.04 | 0.00 |
| NET Worth | 7.18 | 1.92 | 1.48 | 1.45 |
| Reserves and Surplus | 2.32 | 0.66 | 1.28 | 1.24 |
| Total Borrowing | 1.15 | 1.23 | 1.78 | 1.54 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| PNGS Gargi Fashion Jewellery Ltd. | SME | ₹7.80 Cr | ₹30 | 6.77 | ₹59.85 | +99.50% | ₹639.30 (-3.92%) |
| Veerkrupa Jewellers Ltd. | SME | ₹8.10 Cr | ₹27 | 75 | ₹25.65 | -5.00% | ₹0.52 (-1.89%) |
| Eighty Jewellers Ltd. | SME | ₹11.07 Cr | ₹41 | 25.15 | ₹44.10 | +7.56% | ₹46.45 (+4.88%) |
| Ethos Ltd. | Mainboard | ₹402.26 Cr | ₹878 | 96 | ₹803.10 | -8.53% | ₹2,663.10 (+1.33%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet the Capital Expenditure Requirements | 1.54 |
| 2 | To Meet Working Capital Requirement | 7.50 |
| 3 | General Corporate Purpose | 1.78 |
About Dev Labtech Venture IPO
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.+ Read More
Contact Details
Dev Labtech Venture Ltd. AddressGF/22-23, Pattani PlazaDairy RoadNear Nilambaug CircleBhavnagar, Gujarat, 364002+91-0278-2995027info@devlabtechventure.comVisit Website