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Dev Information Technology Ltd
Dev Information Technology Ltd
Registered Office : 14 Aaryans Corporate Park,Nr Shilaj Railway Crossing,Ahmedabad Gujarat 380059 Phone : 91-79-26304241/26305751
Fax :
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.
Opens On
Closes On
31-Mar-2017
06-Apr-2017
Application
Allotment
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 (₹.Cr)
Project Financed through Current Offer (₹.Cr)
Post Issue Equity Share Capital (₹.Cr)
Issue Price (₹.Cr)
6.25
6.25
5.52
42.00
Hem Securities Ltd
- To meet working capital requirement
- General corporate expenses
- Jaimin Jagdishbhai Shah
- Pranav Niranjanbhai Pandya
- Amisha Jayminbhai Shah
- NSE - SME
- MUFG Intime India Pvt Ltd