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Dev Information Technology IPO is a fixed price issue of ₹6.25 crores. The issue is entirely a fresh issue of 0.15 crore shares of ₹6.25 crore.
Dev Information Technology IPO bidding started from Mar 31, 2017 and ended on Apr 6, 2017. The shares got listed on NSE SME on Apr 17, 2017.
Dev Information Technology IPO price is ₹42.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,26,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,52,000.
Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹42 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 14,88,000 shares (aggregating up to ₹6.25 Cr) |
| Reserved for Market Maker | 96,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹0.4032 Cr) |
| Net Offered to Public | 13,92,000 shares (aggregating up to ₹5.85 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 40,32,500 shares |
| Share Holding Post Issue | 55,20,500 shares |
Dev Information Technology IPO offers total 14,88,000 shares. Out of which 6,96,000 (46.77%) allocated to NII, 6,96,000 (46.77%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 96,000 (6.45%) |
| NII (HNI) Shares Offered | 6,96,000 (46.77%) |
| Retail Shares Offered | 6,96,000 (46.77%) |
| Total Shares Offered | 14,88,000 (100.00%) |
Dev Information Technology IPO opens on March 31, 2017, and closes on April 6, 2017.
| IPO Open Date | Fri, Mar 31, 2017 |
| IPO Close Date | Thu, Apr 6, 2017 |
| Tentative Listing Date | Mon, Apr 17, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Apr 6, 2017 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,26,000 |
| Retail (Max) | 1 | 3,000 | ₹1,26,000 |
| HNI (Min) | 2 | 6,000 | ₹2,52,000 |
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 Company Dev Information Technology IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 5.65 |
| 2 | General Corporate Expenses | 0.18 |
[Dilip Davda] Reasonable pricing and the bottom line growth makes this issue worth considering for medium to long term. Read detail review...
| Listing Date | April 17, 2017 |
| BSE Script Code | |
| NSE Symbol | DEVIT |
| ISIN | INE060X01018 |
| Final Issue Price | ₹42 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹42.00 |
| Open | ₹50.40 |
| Low | ₹50.40 |
| High | ₹50.40 |
| Last Trade | ₹50.40 |
Dev Information Technology Ltd.
14, Aaryans Corporate Park,
Nr. Shilaj Railway Crossing
Thaltej
Ahmedabad, Gujarat, 380059
Phone: +91-79-26304241
Email: cs@devitpl.com
Website: http://www.devitpl.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: ditl.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Dev Information Technology IPO is a SME IPO of 14,88,000 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.
The IPO opens on March 31, 2017, and closes on April 6, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Dev Information Technology IPO using UPI as a payment gateway. Zerodha customers can apply in Dev Information Technology IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dev Information Technology IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dev Information Technology IPO opens on March 31, 2017 and closes on April 6, 2017.
Dev Information Technology IPO lot size is 3000, and the minimum amount required for application is ₹1,26,000.
You can apply in Dev Information Technology IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Dev Information Technology IPO listing date is on Monday, April 17, 2017.
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