:::LALKAR GROUP::::

Dev Information Technology Ltd

Registered Office: 14 Aaryans Corporate Park,Nr Shilaj Railway Crossing, Ahmedabad - 380059, Gujarat, India.
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.

Issue		Money Payable On
Opens On	Closes On	Application	Allotment
31-Mar-17	06-Apr-17	42.00-0.00	0.00-0.00

Minimum Application for shares in Nos : 3000 Further Multiples of : 3000

	(Rs)	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

No Data Available