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 Dates 31 Mar – 6 Apr 2017
IPO Price band INR42 per share
Fresh issue 1,488,000 shares (INR6.25 crore)
Offer for sale Nil
Total IPO size 1,488,000 shares (INR6.25 crore)
Minimum bid (lot size) 3,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge platform


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

FY2013 FY2014 FY2015 FY2016 6M FY2017
Total revenue 43.3 57.6 46.0 46.4 20.0
Total expenses 41.0 54.4 42.2 41.2 17.2
Profit after tax 0.6 1.1 1.3 2.0 1.2

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

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


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 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

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]

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)

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



Please enter your comment!
Please enter your name here