Fixed Price IPO | ₹6 Cr | Listed at NSE SME | Fri, Mar 31, 2017 - Thu, Apr 6, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Mar 31, 2017
IPO Close
Thu, Apr 6, 2017
Issue Price
₹42 per share
Market Cap (Pre-IPO)
₹23.19 Cr
| IPO Date | 31 Mar to 6 Apr, 2017 |
| Listed on | Mon, Apr 17, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹42 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 14,88,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 96,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.4032 Cr) |
| Fresh Issue (Ex Market Maker) | 13,92,000 shares (agg. up to ₹6 Cr) |
| Net Offered to Public | 13,92,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 40,32,500 shares |
| Share Holding Post Issue | 55,20,500 shares |
| NSE Symbol | DEVIT |
| ISIN | INE060X01018 |
Dev Information Technology IPO comprises a total issue size of 14,88,000 shares. The net offer to the public is 13,92,000 shares, after excluding 96,000 shares allotted on a firm basis. Of the Net offer 6,96,000 (50.00%) allocated to NII 6,96,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,96,000 | 50.00% | 46.77% |
| Retail Shares Offered | 6,96,000 | 50.00% | 46.77% |
| Firm Reservations | |||
| Market Maker Shares Offered | 96,000 | 6.45% | |
| Total Shares Offered | 14,88,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 5.65 |
| 2 | General Corporate Expenses | 0.18 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 10 | |
| Market Cap | ₹23.19 Cr. |
The Dev Information Technology IPO is subscribed [.] times on April 6, 2017 5:00:00 PM (Day 4). 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) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisors and other out of pocket expenses | 0.34 |
| 2 | Printing and Stationery and postage expenses | 0.02 |
| 3 | Advertising and Marketing expenses | 0.03 |
| 4 | Statutory expenses | 0.03 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹42.00 |
| Open | ₹50.40 |
| Low | ₹50.40 |
| High | ₹50.40 |
| Last Trade | ₹50.40 |
Lead Manager Reports
Dev Information Technology IPO is a SME IPO of 14,88,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹42 per share. The minimum order quantity is 3000.
The IPO opens on Fri, Mar 31, 2017, and closes on Thu, Apr 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 Fri, Mar 31, 2017 and closes on Thu, Apr 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 Mon, Apr 17, 2017.
