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IPO

IPO Details


Dev Information Technology Ltd
Registered Office: 14 Aaryans Corporate Park, Nr Shilaj Railway Crossing, Ahmedabad - 380059, Gujarat
Phone: 91-79-26304241/26305751
Email: cs@devitpl.com
Website: www.devitpl.com
Initial public issue of 14,88,000 equity shares of face value of Rs.10 each of Dev Information Tech Ltd ("the company") for cash at a price of Rs.42 per equity share (including a share premium of Rs.32 per equity share) ("issue price") aggregating to Rs.6.25 crores ("the issue") of which 96,000 equity shares of face value of Rs.10 each for a cash at a price of Rs.42 per equity share, aggregating to Rs.0.40 crores will be reserved for subscrption by market maker ("market maker reservation portion"). The issue less the market maker reservation portion i.e. issue of 13,92,000 equity shares of face value of Rs.10 each at an issue price of Rs.42 per equity share aggregating to Rs.5.85 crores (is hereinafter to as the "net issue"). The issue and the net issue will constitute 26.95% and 25.22% respectively of the post issue paid up equity share capital of the company. The face value of equity shares is Rs.10 each and the issue price is Rs.42 each. The issue price is 4.2 times of the face value.
Issue Money Payable On
Opens On Closes On Application Allotment
31-Mar-2017 06-Apr-2017 ₹ 42.00 ₹ 0.00
Minimum Application for shares in Nos : 3000.0 Further Multiples of : 3000.0
(₹)Cr. Lead Managers to the Issue
Project Cost 6.25 Hem Securities Ltd
Project Financed through Current Offer 6.25
Post Issue Equity Share Capital 5.52
Issue Price ₹42.00
Projects
To meet working capital requirement
General corporate expenses
Promoted By
Jaimin Jagdishbhai Shah
Pranav Niranjanbhai Pandya
Amisha Jayminbhai Shah
Listing At
NSE - SME
Registrar to the Issue

INDIAN INDICES

Sensex

83,755.87 1,000.36 (1.21%)

Nifty

25,549.00 304.25 (1.21%)

GLOBAL INDICES

USD

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NASDAQ
HANG SENG

24,325.41 -149.27(-0.61%)