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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
| IPO Opening Date | Mar 31, 2017 |
| IPO Closing Date | Apr 6, 2017 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹42 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | 1,488,000 Eq Shares of ₹10 (aggregating up to ₹6.25 Cr) |
The Dev Information Technology IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹126,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹126,000 |
| Maximum | 1 | 3000 | ₹126,000 |
The Dev Information Technology IPO is subscribed times on Apr 6, 2017 17:00. The public issue subscribed in the retail category, in the QIB category, and in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| Total |
| Listing Date | Monday, April 17, 2017 |
| BSE Script Code | |
| NSE Symbol | DEVIT |
| Listing In | |
| ISIN | INE060X01018 |
| IPO Price | ₹42 per equity share |
| Face Value | ₹10 per equity share |
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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: http://www.linkintime.co.in
Lead Manager Reports
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 equity share. The minimum order quantity is 3000 Shares.
The IPO opens on Mar 31, 2017, and closes on Apr 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 Mar 31, 2017 and closes on Apr 6, 2017.
Dev Information Technology IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.
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, Edelweiss, 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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