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Dev Information Technology IPO is a Fixed Price IPO listing on NSE EMERGE exchange, with an ipo size of ₹ 6.25 Cr. The company is based in Ahmedabad and caters to Information Technology sector. Hem Securities is the merchant banker of Dev Information Technology IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 10th March 2017.
Dev Information Technology IPO open date is 31st March 2017 and close date is 6th April 2017. IPO Allotment Date is 30th November -0001 and Listing date is 17th April 2017.
IPO
Size:
₹ 6.25 Cr.
Avg IPO Size (Sector Based)
: ₹
26.06 cr.
Sector: Information Technology
SME
IPO so far:
91
Merchant Banker:
Hem Securities
SME
IPO by BRLM so far:
132
City:
Ahmedabad
SME
IPO so far:
182
Revenue (annualised):
₹
40.04
cr. 
PE
Ratio:
10.00x
Average Sector PE Ratio: 17.71x
Dev Information Technology IPO size is ₹ 6.25 Cr. with IPO price of ₹ 42.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Hem Securities Limited is the book-running lead manager of the Dev Information Technology IPO. Link Intime India Private Limited is the Registrar and Market Maker is Hem Finlease Private Limited for Dev Information Technology IPO.
Dev Information Technology IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Dev Information Technology IPO, based in Ahmedabad, operates in the Information Technology sector with a focus on Information Technology Industry. The company is launching its SME IPO on the NSE EMERGE exchange, using the Fixed Price Issue method. Dev Information Technology IPO size is ₹ 6.25 Cr. with fresh issue size of ₹ 6 and Offer for sale being ₹ Nil
The IPO allotment date for Dev Information Technology IPO is expected to be 30th November -0001, after the finalization of basis of allotment. Investors can check Dev Information Technology IPO allotment status on the registrars website, Link Intime India Private Limited . Dev Information Technology IPO refund dates are 30th November -0001.
Dev Information Technology IPO is expected to be listed on 17th April 2017.
The upper price band for the Dev Information Technology IPO is set at ₹ 42.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Dev Information Technology IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Dev Information Technology IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 6th April 2017. After submission, funds are blocked until the basis of allotment of Dev Information Technology IPO is finalised.
The merchant banker for Dev Information Technology IPO is Hem Securities Limited . Hem Securities Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Dev Information Technology IPO RHP for further details.
The registrar for Dev Information Technology IPO is Link Intime India Private Limited . Investors can go to Link Intime India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Dev Information Technology IPO through their official website or helpline.
Dev Information Technology IPO was subscribed 0.00 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 6.25 Cr.
Avg IPO Size (Sector Based)
:
₹ 26.06 Cr.
Sector: Information Technology
SME
IPO so far:
91
Merchant Banker:
Hem Securities
SME
IPO by BRLM so far:
132
City:
Ahmedabad
SME
IPO so far:
182
Revenue (annualised):
₹ 39.60 cr.
PE
Ratio:
10.00x
Average Sector PE Ratio: 17.71x
Dev Information Technology IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Dev Information Technology Financial Review Page
Merchant Banker(s) of Dev Information Technology IPO: Hem Securities Limited
Dev Information Technology IPO subscription was 0.00 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Dev Information Technology IPO listed at a listing price of 50.40 against the offer price of 42.00.
The current market price of Dev Information Technology is 111.65.
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