DEV Information Technology is coming out with an initial public offering (IPO) of 14,88,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 42 per equity share. The issue will open on March 31, 2017 and will close on April 06, 2017. The shares will be listed on NSE Emerge Platform.
The company will use the issue proceeds for meeting the working capital requirements, general corporate expenses and issue expenses.
The book running lead manager to the issue is HEM Securities, while the compliance officer for the issue is Krisa Rupalkumar Patel.
Dev Information Technology is engaged in the business of providing a range of Information Technology solutions. It provides business process outsourcing, software development, and software trading services in India. The company offers enterprise resource planning and customer relationship management applications, application development solutions, and data analytics; and enterprise mobility services, such as mobile application development, solution testing, and device management services.
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