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Dev Information Technology – SME IPO – Details & Review, Subscription, Allotment, Price, Listing

Day Subscription (no. of times)
Day 1  1.26
Day 2  2.50
Day 3  11.79
Day 4  74.16

Dev Information Technology Ltd (incorporated on 1997) is a ISO 9001:2008 certified company, with the business of IT solutions. 

Issue Details of Dev Information Technology SME IPO

  • Issue Open :  31st March to 6th April 2017
  • Issue Price / Floor Price : Rs 42 per share
  • Issue Size: Rs 6.25 crores (14,88,000 Equity Shares)
  • Application per share :  Rs 42
  • Minimum No of shares bid:  3000 shares / Rs 126,000
  • Maximum Retail investment – 3000 shares
  • Book Running Lead Managers : Hem Securities
  • Registrar – Link Intime India
  • Listing: NSE SME

Ongoing SME IPO – Read reviews

SME IPOs Opening Date Last Date Price
ASL Industries 31-Mar-2017 7th April 2017 35
Dev Information Technology  31-Mar-2017 6th April 2017 42
MK Proteins  31-Mar-2017 7th April 2017 70
Escorp Asset Management  31-Mar-2017 6th April 2017 15
Focus Lighting  30-Mar-2017 5th April 2017 45
Creative Peripherals 29-Mar-2017 3rd April 2017 21-75


About the Company

The company started in 1997 and engaged in the business of providing a range of IT Solutions. The company provide variosu technology solutions including enterprises solutions, e-governance, ERP & CRM implementation, IT Infrastructure services, website development and hosting and licensing solutions.

It has head office in Ahmedabad and branch offices in Pune and Jaipur. It employs 260 professionals

Financials

(in Crores) 2012 2013 2014 2015 2016 Apr-Sep 2016
Income 34.88 43.25 57.11 44.89 45.4 19.57
PAT 1.70 0.61 1.09 1.25 2.01 1.13
           

Summary The company has been making good turnover and profits in last 5 years, but not significant growth. Investors may consider for investing for medium to long term.

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