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.
The promoters of the company are:
1. Mr. Jaimin Jagdishbhai Shah,
2. Mr. Pranav Niranjanbhai Pandya,
3. Mrs. Amisha Jayminbhai Shah,
4. Mrs. Kruti Pranav Pandya,
5. Jaimin Jagdishbhai Shah (HUF) and
6. Pranav Niranjan Pandya (HUF)
The object of the issue are:
1. To meet Working Capital Requirement
2. General Corporate Expenses, and
3. To Meet the Issue Expenses
»» Issue Open: Mar 31, 2017 - Apr 6, 2017
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 1,488,000 Equity Shares of Rs 10 aggregating up to Rs 6.25 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 42 Per Equity Share
»» Market Lot: 3000 Shares
»» Minimum Order Quantity: 3000 Shares
»» Listing At: NSE SME
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved|
|Day 1 - Mar 31, 2017 17:00 IST||0||1,122,000||750,000||1,872,000|
|Day 2 - Apr 3, 2017 17:00 IST||0||1,347,000||2,379,000||3,726,000|
|Day 3 - Apr 5, 2017 17:00 IST||0||2,706,000||15,219,000||17,925,000|
|Day 4 - Apr 6, 2017 17:00 IST||594,000||47,727,000||62,043,000||110,364,000|
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