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Dev Information Technology IPO is a fixed price issue of Rs 6.25 crores.
Dev Information Technology IPO bidding started from March 31, 2017 and ended on April 6, 2017. The shares got listed on NSE SME on April 17, 2017.
Dev Information Technology IPO price is ₹42 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹126,000.
Hem Securities Limited is the book running lead manager of the Dev Information Technology IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Dev Information Technology IPO RHP for detailed information.
| IPO Date | March 31, 2017 to April 6, 2017 |
| Listing Date | April 17, 2017 |
| Face Value | ₹10 per share |
| Price | ₹42 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,488,000 shares (aggregating up to ₹6.25 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹126,000 |
| Retail (Max) | 1 | 3000 | ₹126,000 |
| Lot Size Calculator | |||
Incorporated in 1997, Dev Information Technology Ltd engaged in the business of providing a range of Information Technology ("IT") solutions. They provides business process outsourcing, software development, and software trading services in India.
The company offers enterprise resource planning and customer relationship management applications, application development solutions, and data analytics; and enterprise mobility services, such as mobile application development, solution testing, and device management services. They also provides network consulting, infrastructure audit, compliance, data center management, integrated business, technology and process solutions; hosted IT help desk staffing, hosted IT help desk and consulting, and unified communication and unified messaging services; application support services; IT security services comprising backup and recovery services; and IT Consulting services.
Further addition, the company offers cloud computing services, including cloud advisory, cloud implementation, cloud migration, and infrastructure as a service solutions; and digital commerce, digital marketing, and document digitization services. Further, it licenses software products; distributes digital signatures; and provides SSL certificates for HTTPS-based Web sites.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 10 |
The object of the issue are:
1. To meet Working Capital Requirement
2. General Corporate Expenses, and
3. To Meet the Issue Expenses
[Dilip Davda] Reasonable pricing and the bottom line growth makes this issue worth considering for medium to long term. Read detail review...
The Dev Information Technology IPO is subscribed times on April 6, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | April 17, 2017 |
| BSE Script Code | |
| NSE Symbol | DEVIT |
| ISIN | INE060X01018 |
| Final Issue Price | ₹42 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹42.00 |
| ₹50.40 |
| ₹50.40 |
| ₹50.40 |
| ₹50.40 |
Dev Information Technology Ltd
14, Aaryans Corporate Park,
Nr. Shilaj Railway Crossing Thaltej,
Ahmedabad - 380059
Phone: +91-79-26304241
Email: cs@devitpl.com
Website: http://www.devitpl.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: ditl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Dev Information Technology IPO is a SME IPO of 1,488,000 equity shares of the face value of ₹10 aggregating up to ₹6.25 Crores. The issue is priced at ₹42 per share. The minimum order quantity is 3000 Shares.
The IPO opens on March 31, 2017, and closes on April 6, 2017.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Dev Information Technology IPO opens on March 31, 2017 and closes on April 6, 2017.
Dev Information Technology IPO lot size is 3000 Shares, and the minimum amount required is ₹126,000.
You can apply in Dev Information Technology IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Dev Information Technology IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Dev Information Technology IPO allotment status.
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