Dev Information Technology IPO

Dev Information Technology IPO

Dev Information Technology IPO

Dev Information Technology IPO

Dev Information Technology is engaged in the business of providing a range of Information Technology (IT) solutions. It provides various information technology and consultancy services, including enterprise solutions, e-governance solutions, ERP and CRM Implementation, IT – infrastructure services, website development, web hosting solutions and licensing solutions. The company is also into custom software development with well-defined processes to support its clients and partners in –web portals, web & mobile applications, responsive websites, their SEO & Social Media Marketing as well as Microsoft Dynamics ERP and CRM. In addition to above, Dev Information Technology also provides end-to-end IT services with strong managed IT team.

The company can help its clients with planning, architecting, setup & implementation, migration, management & support of IT infrastructure. It has also completed an e-governance project in Guyana, South America as well as served many overseas and local private sector enterprise projects. DEV IT is headquartered in Ahmedabad and has its branch offices in Ahmedabad, Pune and Jaipur.

Promoters of Dev Information Technology – Jaimin Jagdishbhai Shah, Pranav Niranjanbhai Pandya, Amisha Jayminbhai Shah, Kruti Pranav Pandya, Jaimin Jagdishbhai Shah (HUF) and Pranav Niranjan Pandya (HUF)

Dev Information Technology IPO details

Subscription Dates31 Mar - 6 Apr 2017
IPO Price bandINR42 per share
Fresh issue 1,488,000 shares (INR6.25 crore)
Offer for sale Nil
Total IPO size1,488,000 shares (INR6.25 crore)
Minimum bid (lot size)3,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnNSE Emerge platform


Dev Information Technology's financial performance (in INR crore)

FY2013FY2014FY2015FY20166M FY2017
Total revenue43.357.646.046.420.0
Total expenses41.054.442.241.217.2
Profit after tax0.

Dev Information Technology Contact Details

Dev Information Technology Limited
14, Aaryans Corporate Park, Nr. Shilaj Railway Crossing Thaltej
Ahmedabad, Gujarat-380059

Phone: +91 79 2630 4241
Email: [email protected]

Dev Information Technology IPO Subscription Details


Subscription (no. of times)

Day 1 1.26
Day 2 2.50
Day 3 11.79
Day 4 74.16

Dev Information Technology IPO Allotment Status

Dev Information Technology IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.

You can also check your IPO allotment status from your mobile at

Registrar of Dev Information Technology IPO

Link Intime India Private Limited
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai – 400 078
Maharashtra, India

Phone: +91 22 2596 3838
Fax: +91 22 2594 6969
Email: [email protected]

LISTING PERFORMANCE OF Dev Information Technology IPO

IPO Opening Date: 31 March 2017

IPO Closing Date: 6 April 2017

Listing Date: 17 April 2017

Listing Price on NSE SME: INR50.4 (up 20% from IPO price)

Closing Price on NSE SME: INR50.4 (up 20% from IPO price)

VALUATION OF Dev Information Technology IPO (BASED ON LATEST FY)

Earnings Per Share (EPS): INR7.45

Price/Earnings (P/E) ratio: 5.64

Return on Net Worth (RONW): 18.81%

Net Asset Value (NAV): INR217.71 per share