Dev Information Technology Ltd - IPO

Dev Information Technology Ltd IPO Details

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.

Objective of issue

To meet working capital requirement. General corporate expenses.

Dev Information Technology Ltd Contact Details

Dev Information Technology Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@devitpl.com

Website - www.devitpl.com