March 31, 2017 - April 6, 2017

Dev Information Technology IPO Basis of Allotment

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: cs@devitpl.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 NIRANJANBHAI PANDYA,
MRS. AMISHA JAYMINBHAI SHAH, MRS. KRUTI PRANAV PANDYA, JAIMIN JAGDISHBHAI SHAH (HUF) AND PRANAV NIRANJAN PANDYA (HUF)

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.
THIS ISSUE IS BEING MADE IN ACCORDANCE WIYH CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009, (THE'SEBI ICDR REGULATIONS'). AS AMENDED. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED 'ISSUE PROCEDURE' BEGINNING ON PAGE 297 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.
PROPOSED LISTING: APRIL 17, 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').

SUBSCRIPTION DETAILS

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:
Detail of the Applications Received (Before Technical Rejection):

Category	No. of Applications	%	No. of Equity Shares	%	Subscription (Times)
Market Maker	1	0.00	96000	0.09	1.00
Retail Individual Investors	20,210	98.12	60,630,000	56.55	87.11
Other than Retail Individual Investors	387	1.88	46,497,000	43.36	66.81
TOTAL	20,598	100.00	107,223,000	100.00

The details of application rejected by the Registrar on technical grounds (including withdrawal) are detailed below:

Category	No. of Applications	No. of Equity Shares
Market Maker	Nil	Nil
Retail Individual Investors	319	957,000
Other than Retail Individual Investors	5	261,000
Total	324	1,218,000

After eliminating technically rejected applications, the following tables give us category wise net valid applications:

Category	No. of Applicstions	%	Reserved Portion (as per Prospectus)	No. of Valid Shares applied	% of Total Applied	Subscription (Times)
Market Maker	1	100	96,000	96,000	100	1.00
Total	1	100	96,000	96,000	100	1.00

Category	No. of Applications	%	Reserved Portion (as per Prospectus)	Proportionate Issue Size (After roundina off)	No. of Valid Shares applied	% of Total Applied	Subscription (Times)
Retail Individual Investors	19,891	98.11	696,000	783,000	59,673,000	56.34	76.21
Other than Retail Individual Investors	382	1.88	696,000	609,000	46,236,000	43.66	75.92
Total	20,274	100	13,92,000	13,92,000	105,909,000	100

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 Equity shares.
The cateoorv wise details of the Basis of Allotment are as under:

No. of Shares Applied for (Category wise)	No. of Appli cations received	% to Total	Total No. of Equity Shares applied in this Category	% of total	Proporti nate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to Appli Cant: Ratio 1	Ratio of Allottees to Appli Cant: Ratio 2	Number of Successful applicants (after rounding off)	Total No. of Equity Shares allocated/ allotted	No. of Shares Surplus/ Deficit
96,000	1	100.00	96,000	100.00	96,000	96,000	96,000	1	1	1	96,000	-
TOTAL	1	100.00	96,000	100.00	96,000	96,000	96,000	1	1	1	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;

No. of Shares Applied for (Category wise)	No. of Appli cations received	% to Total	Total No. of Equity Shares applied in this Category	% of total	Proporti nate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to Appli Cant: Ratio 1	Ratio of Allottees to Appli Cant: Ratio 2	Number of Successful applicants (after roundina off)	Total No. of Equity Shares allocated/ allotted	No. of Shares Surplus/ Deficit
3,000	19,891	100.00	59,673,000	100.00	783,000	39.36	3000	2	153	261	783,000	-
TOTAL	19,891	100.00	59,673,000	100.00	783,000					261	783,000

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:

No. of Shares Applied for (Category wise)	No. of Appli cations received	% to Total	Total No. of Equity Shares applied in this Category	% of total	Proporti nate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to Appli Cant: Ratio 1	Ratio of Allottees to Appli Cant: Ratio 2	Number of Successful applicants (after roundina off)	Total No. of Equity Shares allocated/ allotted	No. of Shares Surplus/ Deficit
6000	137	35.86	822000	1.78	10827	79.03	3000.00	3	137	3	9000	-1827
9000	38	9.95	342000	0.74	4505	118.55	3000.00	1	38	1	3000	-1505
12000	32	8.38	384000	0.83	5058	158.06	3000.00	1	32	1	3000	-2058
15000	17	4.45	255000	0.55	3359	197.59	3000.00	1	17	1	3000	-359
18000	3	0.79	54000	0.12	711	237.00	3000.00	1	3	1	3000	2289
21000	4	1.05	84000	0.18	1106	276.50	3000.00	1	4	1	3000	1894
24000	24	6.28	576000	1.25	7587	316.13	3000.00	1	12	2	6000	-1587
27000	3	0.79	81000	0.18	1067	355.67	3000.00	1	3	1	3000	1933
30000	8	2.09	240000	0.52	3161	395.13	3000.00	1	8	1	3000	-161
33000	2	0.52	66000	0.14	869	434.50	3000.00	1	2	1	3000	2131
36000	6	1.57	216000	0.47	2845	474.17	3000.00	1	6	1	3000	155
39000	1	0.26	39000	0.08	514	514.00	3000.00	1	1	1	3000	2486
42000	2	0.52	84000	0.18	1106	553.00	3000.00	1	2	1	3000	1894
45000	2	0.52	90000	0.19	1185	592.50	3000.00	1	2	1	3000	1815
48000	3	0.79	144000	0.31	1897	632.33	3000.00	1	3	1	3000	1103
51000	4	1.05	204000	0.44	2687	671.75	3000.00	1	4	1	3000	313
54000	2	0.52	108000	0.23	1423	711.50	3000.00	1	2	1	3000	1577
60000	7	1.83	420000	0.91	5532	790.29	3000.00	1	7	1	3000	-2532
63000	2	0.52	126000	0.27	1660	830.00	3000.00	1	2	1	3000	1340
69000	2	0.52	138000	0.30	1818	909.00	3000.00	1	2	1	3000	1182
78000	1	0.26	78000	0.17	1027	1027.00	3000.00	1	1	1	3000	1973
84000	2	0.52	168000	0.36	2213	1106.50	3000.00	1	2	1	3000	787
90000	1	0.26	90000	0.19	1185	1185.00	3000.00	1	1	1	3000	1815
96000	1	0.26	96000	0.21	1264	1264.00	3000.00	1	1	1	3000	1736
102000	1	0.26	102000	0.22	1343	1343.00	3000.00	1	1	1	3000	1657
117000	4	1.05	468000	1.01	6164	1541.00	3000.00	1	2	2	6000	-164
120000	10	2.62	1200000	2.60	15806	1580.60	3000.00	1	2	5	15000	-806
123000	1	0.26	123000	0.27	1620	1620.00	3000.00	1	1	1	3000	1380
126000	1	0.26	126000	0.27	1660	1660.00	3000.00	1	1	1	3000	1340
129000	1	0.26	129000	0.28	1699	1699.00	3000.00	1	1	1	3000	1301
135000	1	0.26	135000	0.29	1778	1778.00	3000.00	1	1	1	3000	1222
159000	2	0.52	318000	0.69	4189	2094.50	3000.00	1	2	1	3000	-1189
162000	1	0.26	162000	0.35	2134	2134.00	3000.00	1	1	1	3000	866
168000	1	0.26	168000	0.36	2213	2213.00	3000.00	1	1	1	3000	787
174000	1	0.26	174000	0.38	2292	2292.00	3000.00	1	1	1	3000	708
177000	2	0.52	354000	0.77	4663	2331.50	3000.00	1	2	1	3000	-1663
180000	2	0.52	360000	0.78	4742	2371.00	3000.00	1	2	1	3000	-1742
195000	2	0.52	390000	0.84	5137	2568.50	3000.00	1	2	1	3000	-2137
198000	1	0.26	198000	0.43	2608	2608.00	3000.00	1	1	1	3000	392
219000	1	0.26	219000	0.47	2885	2885.00	3000.00	1	1	1	3000	115
234000	1	0.26	234000	0.51	3082	3082.00	3000.00	1	1	1	3000	-82
237000	3	0.79	711000	1.54	9365	3121.67	3000.00	1	1	3	9000	-365
240000	6	1.57	1440000	3.11	18967	3161.17	3000.00	1	1	6	18000	-967
282000	1	0.26	282000	0.61	3714	3714.00	3000.00	1	1	1	3000	-714
291000	1	0.26	291000	0.63	3833	3833.00	3000.00	1	1	1	3000	-833
297000	1	0.26	297000	0.64	3912	3912.00	3000.00	1	1	1	3000	-912
333000	2	0.52	666000	1.44	8772	4386.00	3000.00	1	1	2	6000	-2772
357000	4	1.05	1428000	3.09	18809	4702.25	6000.00	1	1	4	24000	5191
360000	1	0.26	360000	0.78	4742	4742.00	6000.00	1	1	1	6000	1258
450000	1	0.26	450000	0.97	5927	5927.00	6000.00	1	1	1	6000	73
471000	1	0.26	471000	1.02	6204	6204.00	6000.00	1	1	1	6000	-204
492000	1	0.26	492000	1.06	6480	6480.00	6000.00	1	1	1	6000	-480
552000	1	0.26	552000	1.19	7271	7271.00	6000.00	1	1	1	6000	-1271
648000	1	0.26	648000	1.40	8535	8535.00	9000.00	1	1	1	9000	465
951000	1	0.26	951000	2.06	12526	12526.00	12000.00	1	1	1	12000	-526
984000	1	0.26	984000	2.13	12961	12961.00	12000.00	1	1	1	12000	-961
1392000	19	4.97	26448000	57.21	348361	18334.79	15000.00	1	1	19	285000	-63361
											48000	48000
TOTAL	382	100.00	46,236,000	100.00	609,000					94	609,000	0

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.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated March 24,2017 ('Prospectus')

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:

LINK INTIME INDIA PRIVATE LIMITED
C-101,247 Park, LBS Marg, Vikhroli (West), Mumbai 400 083, Maharashtra, India
Tel: +91-22-49186000; Fax: +91-22 - 49186060; Website: www.linkintime.co.in;
Email: ditl.ipo@linkintime.co.in; Investor Grievance Email: ditl.ipo@linkintime.co.in;
Contact Person: Ms. Shanti Gopalkrishnan; SEBI Registration No.: INR000004058

Place : Ahmedabad Date: 12.04.2017	For DEV INFORMATION TECHNOLOGY LIMITED On behalf of the Board of Directors Sd/- Mr. Jaimin Jagdishbhai Shah Managing Director

Dev Information Technology IPO Basis of Allotment FAQs

The IPO allocation is based on the subscription level and the investor category.

Refer to IPO allotment rules and methods for more details.

See the basis of allotment document above to know how the shares are allocated in Dev Information Technology IPO .

The Dev Information Technology IPO basis of allotment (published above) tells you how shares are allocated to you in Dev Information Technology IPO and category wise demand of IPO share.

Visit the Dev Information Technology IPO allotment status page to check the number of shares allocated to your application.

In Dev Information Technology IPO allotment process, the registrar separates valid and invalid applications. The invalid applications with technical errors are rejected and only valid applications at or above the cut-off price are considered for allotment.

For more information, please refer to IPO Allotment Process and Basis of Allotment.

Check the Dev Information Technology IPO basis of allotment document to know how the shares are allocated in Dev Information Technology IPO.

Dev Information Technology IPO Basis of Allotment

Dev Information Technology IPO Basis of Allotment FAQs

How shares are allotted in Dev Information Technology IPO?

What is Dev Information Technology IPO basis of allotment status?

What is Dev Information Technology IPO allotment process?

Read more about Dev Information Technology IPO