Dev Labtech Venture Limited IPO : Key Details

Dev Labtech Venture Limited IPO is set to launch on 17 March, 2023. The company initiated its business operations in 1993. It is a Premier Lab Grown Diamond & Jewellery Manufacturer. The company has recently initiated the business of manufacturing diamonds. Previously it was involved in the business of natural diamonds only. 

Currently the major focus of the firm is to expand its current product portfolio. Its office is located in Bhavnagar, Gujarat.

Dev Labtech Venture Limited IPO DETAILS

Dev Labtech Venture Limited IPO is set to launch on 17 March., 2023. The subscription timeline extends till 21 March, 2023. The size for the IPO is 11.22 Crore Rs. Shares issued through fresh issue mode are worth 11.22 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 2000 shares and the price is 51 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is Link Intime India Private Limited.

Tabular Description of Dev Labtech Venture Limited IPO 

IPO OPENING DATE 17 March., 2023
ISSUE TYPE Fixed Price Issue
Face Value per share 10 Rs. per share
IPO price band 51 Rs per share
LOT SIZE 2000 shares
ISSUE SIZE 11.22 Crore Rs.
OFFER FOR SALE No shares are issued through offer for sale mode.
FRESH ISSUE 11.22 Crore Rs.
LISTING DATE 29 March, 2023

Dev Labtech Venture Limited IPO : IMPORTANT DATES

IPO OPENING DATE 17 March., 2023
CLOSING DATE FOR IPO 21 March., 2023
REFUNDS 27 March, 2023
DEMAT A/C CREDITED ON 28 March, 2023
IPO LISTING DATE 29 March, 2023

Dev Labtech Venture Limited IPO begins for subscription from 17 March., 2023. The IPO subscription would continue till 21 March, 2023. The allotment status for the shareholders who applied would come on 24 March, 2023. The refunds for the ones who did not get allotment would be initiated on 27 March, 2023. The DEMAT accounts of shareholders would be credited on 28 March, 2023. The listing of the company would be accompanied on 29 March, 2023.

Dev Labtech Venture Limited IPO : Lead Managers

The lead managers are :

  • Beeline Capital Advisors Private Limited

The minimum lot size for the company is decided at 2000 shares. This holding accounts to  102000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 204000 Rs.. Hence the company’s final holdings would be set as :

  Shares Amount
Minimum 2000 shares 102000 Rs.
Maximum 4000 shares 204000 Rs.


  • IPO proceeds would be used for general corporate purposes.
  • The money raised will be also utilised for the working capital requirements for film production.


Particularly (in Lakh Rs.) 2019-20 2020-21 2021-22
ASSETS 711 713 888
Revenue 1178 1228 2698
PAT 0.04 3.6 43.6

Dev Labtech Venture Limited had an asset base of 711 Lakh Rs in 2020. This increased to 713 Lakh Rs in 2021 and 888 Lakh Rs in 2022. This means that the company has expanded recently in the year 2022. This is witnessed by its new business venture of making lab grown diamonds. The revenue of the firm was 1178 Lakh Rs in 2020 which increased to 1228 Lakh Rs. Dev Labtech Venture Limited’s revenue is increasing rapidly through the asset base staying almost the same in 2020 and 2021. The revenue of the year 2022 was 2698 Lakh Rs. This is 1470 Lakh Rs more than the previous year. The profits of the firm was 0.04 Lakh Rs in 2020 which increased to 3.6 Lakh Rs. The profit for the year 2022 was 43.6 Lakh rs.


  •  The company has diversified and expanded its business recently. However it has an expertise in cutting, finishing and other processes involved in the manufacturing of diamonds. 
  • Dev Labtech Venture Limited has an in-house team to manufacture Lab grown diamonds. 


  • The company works into a very competitive segment.


It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

  1. Logging into Zerodha console through its website or KITE platform.
  2. Clicking the IPO link present in the Portfolio section.
  3. Click the Dev Labtech Venture Limited IPO button and press the BID button.
  4. Entering the details asked for like UPI ID, Quantity and price.
  5. Submit the application form for the IPO.
  6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.

Looking for Best Stock Broker in India?

we will help you to find best broker with Free demat & lowest brokerage