|Basis of Allotment|
(THIS IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSES AND NOT A PROSPECTUS ANNOUNCEMENT)
DEV INFORMATION TECHNOLOGY LIMITED
CIN No.: U30000GJ1997PLC033479
Our Company was originally incorporated on December 23,1997 as "Dev Information Technology Private Limited' vide Registration no. 033479 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Further, pursuant to Special Resolution passed by die shareholders, at the Extra Ordinary General Meeting held on February 06, 2017 our company was converted into a Public Limited Company and consequently name of Company was changed to Dev Information Technology Limited. A fresh Certificate of incorporation pursuant to the change of name was issued by the Registrar of Companies, Ahmedabad on February 17,2017. For further details please refer to chapter titled "History and Certain Corporate Matters" beginning on page 127 of the Prospectus.
Registered Office: 14, Aaryans Corporate Park, Nr. Shilaj Railway Crossing, Thaltej, Ahmedabad, Gujarat-380059, India. | Tel No.: +91-79-26304241/ 26305751 Email: email@example.com | Website: www.devitpl.com | Contact Person: Ms. Krisa Rupalkumar Patel (Company Secretary & Compliance officer)
PROMOTERS OF OUR COMPANY: MR. JAIMIN JAGDISHBHAI SHAH, MR. PRANAV
BASIS OF ALLOTMENT
INITIAL PUBLIC ISSUE 0F 14,88,000 EQUITY SHARES OF FACE VALUE OF RS
10.00 EACH OF DEV INFORMATION TECHNOLOGY LIMITED ("OUR COMPANY") FOR CASH AT A
PRICE OF RS 42.00PER EQUITY SHARE (INCLUDING A SHARE PREMIUM 0F RS 32.00 PER EQUITY SHARE)
("ISSUE PRICE") AGGREGATING TO RS 624.96 LAKHS ("THE ISSUE") OF WHICH
96,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS 42.00
PER EQUITY SHARE, AGGREGATING TO RS 40.32 LAKHS WILL BE RESERVED FOR SUBSRIPTION 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 0F RS 10 00 EACH
AT AN ISSUE PRICE 0F RS 42 PER EQUITY SHARE AGGREGATING TO RS 584.64 LAKHS (IS HEREINAFTER
REFERRED 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 OUR
COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "TERMS OF THE
ISSUE" BEGINNING ON PAGE 290 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND THE ISSUE PRICE IS
RS 42.00. THE ISSUE PRICE IS 4.2 TIMES OF THE FACE VALUE ISSUE OPENED ON FRIDAY, MARCH 31,
2017 AND CLOSED ON THURSDAY, APRIL 06, 2017.
The Equity Shares offered through Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ("NSE") ("NSE EMERGE") In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended; we are not required to obtain an in-principle listing approval for the shares being offered in this Issue However our company has received an approval letter dated March 21, 2017 from NSE for using its name in offer document for listing of our shares on the SME Platform of NSE ("NSE EMERGE ). For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited ("NSE EMERGE"). The trading is proposed to be commenced on or about April 17,2017.*
*Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited.
All Applicants were allowed to participate in the Issue through APPLICATION
SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of the
respective bank accounts in which the corresponding application amounts were blocked by
Self Certified Syndicate Banks (the "SCSBs").
The issue has received 20,598 applications for 107,223,000 Equity Shares resulting in
72.06 times subscription (including reserved portion of market maker). The details of the
applications received in the issue (before technical rejections) are as follows:
After eliminating technically rejected applications, the following tables give us category wise net valid applications:
Allocation: The Basis of Allotment was finalized in consultation
with the Designated stock Exchange - National stock Exchange of India Limited on Apnl
11,2017. A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The
Basis of Allotment to the Market Maker, at the issue price of Rs 42 per Equity Share, was
finalised in consultation with National Stock Exchange of India Limited. The category was
subscribed by 1.00 times. The total number of shares allotted in this category is 96,000
B. Allocation to Retail individual investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail individual investors, at the issue price of Rs 42 per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 76.21 times i.e. for 59,673,000 Equity Shares. Total number of shares allotted in this category is 783,000 Equity Shares to 261 successful applicants.
The category wise details of the Basis of Allotment are as under;
C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the issue price of Rs 42 per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 75.92 times i.e. for 46,236,000 shares the total number of shares allotted in this category is 609,000 Equity Shares to 94 successful applicants.
The category wise details of the Basis of Allotment are as under:
The Board of Directors of the Company at its meeting held on April
12,2017 has approved the Basis of Allocation of Equity Shares as approved by the
Designated Stock Exchange viz. National Stock Exchange of India Limited and has authorized
the corporate action for the transfer of the Equity Shares to various successful
applicants. The Allotment Advice-cum-Refund orders and / or notices will be dispatched to
the address of the Applicants as registered with the depositories / as filled in the
application form on or before Apnl 13,2017. Further, the instructions to Self Certified
Syndicate Banks for unblocking the amount will processed on or prior to April 12,2017 In
case the same is not received within 10 days, investors may contact at the address given
below. The Equity Shares allocated to successful applicants are being credited to their
beneficiary accounts subject to validation of the account details with the depositories
concerned. The Company is taking steps to get the Equity Shares admitted for trading on
the SME Platform of National Stock Exchange of India Limited (NSE EMERGE) within six
working days from the date of the closure of the Issue.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrars
the issue, Link Intime India Private Limited at www.linkintime.co.in.
All future correspondence in this regard may kindly be addressed to the Registrar to the
Issue quoting full name of the First/ Sole applicants, serial number of the Application
Form, number of shares applied for and Bank Branch where the application had been lodged
and payment details at the address of the Registrar given below:
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF DEV INFORMATION TECHNOLOGY LIMITED.