Dev Labtech Venture Limited
IPO Details
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Company Fin.
₹4(7.84%)
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Following its successful public offering, Dev Labtech Venture Limited's made its market debut on Mar 29, 2023 and is now actively traded on the BSEplatform. The IPO mobilized 22,00,000 Shares in total capital, including 22,00,000 Shares in primary equity infusion.
The offering was structured with a price band of ₹51 to ₹51 and minimum investment lots of 2000 shares. Investor participation during the subscription window from Mar 17, 2023 to Mar 21, 2023 demonstrated market confidence in the company's prospects.
The allotment process concluded on Mar 24, 2023, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 1993, Dev Labtech Venture Limited is a premier manufacturer of lab-grown diamonds and jewelry. Headquartered in Bhavnagar, Gujarat, the company also operates through its sales offices. Initially focused on processing natural diamonds, Dev Labtech has recently expanded into manufacturing lab-grown diamonds. Over the years, the company has developed expertise in mapping, designing, cutting, and polishing, ensuring optimal output with minimal wastage. With an in-house technical and design team, the company maintains stringent quality checks at every stage of production to ensure superior products. Dev Labtech continues to expand its product line, striving to offer complementary products to enhance its portfolio.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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Mr. Jerambhai Lavjibhai Donda
Mrs. Labhuben Jerambhai Donda
Mr. Jay Jerambhai Donda
Dev Labtech Venture Limited
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