Dev Information Technology
32.23
-5.24(-13.98%)
Market Cap₹181.57 Cr
PE Ratio2.71
Company Performance:
1D-13.98%
1M-19.69%
6M-28.65%
1Y-51.27%
5Y+157.02%
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More news about Dev Information Technology
14Nov 25
Dev Information Technology Reports 10.32% Revenue Growth Despite Margin Pressure in H1 FY26
Dev Information Technology Limited reported consolidated revenue of ₹92.64 crore for H1 FY26, a 10.32% year-over-year increase. However, EBITDA declined to ₹7.85 crore from ₹17.29 crore in the same period last year. The company reported exceptional gains of ₹93.55 crore from its subsidiary DevX's public listing. Dev IT is investing in AI, blockchain, and cybersecurity while expanding its presence in India's e-governance market. The company noted geopolitical uncertainties in North American markets that may impact operations.
27Oct 25
Dev Information Technology to Issue 1.5 Crore Convertible Warrants Worth ₹68.18 Crore
Dev Information Technology Limited (DEVIT) announced plans to raise up to ₹68.18 crore through the issuance of 1.5 crore convertible warrants at ₹45.45 each on a preferential basis to Aeroflex Enterprises Limited. The warrants are convertible into equity shares within 18 months of allotment. Funds will be used for working capital, investments in subsidiaries, capital expenditure, and general corporate purposes. The proposal requires shareholder approval at an EGM scheduled for November 18, 2025. Post-conversion, Aeroflex could hold a 21.03% stake in DEVIT.
18Oct 25
DEV Information Technology to Raise Rs 681.75 Crore Through Warrant Issue to Aeroflex Enterprises
Dev Information Technology Limited (DEVIT) has announced a plan to issue 1.5 crore convertible warrants at Rs 45.45 per warrant to Aeroflex Enterprises Limited, a non-promoter entity. The total fundraise is expected to be Rs 681.75 crore. The proposal requires regulatory approvals and shareholder consent at an EGM scheduled for November 18, 2025. The board approved this decision in a meeting on October 18, 2025.
26Sept 25
Dev Information Technology Secures ₹82 Lakh Contract for WebMyWay Project from Rajasthan Government
Dev Information Technology Ltd. (DEVIT) has won a ₹82 lakh contract from RajCOMP Info Services Ltd., a Rajasthan government undertaking. The 12-month project involves developing, maintaining, and supporting the WebMyWay project, an in-house Content Management System for government websites. The system has already created over 82 websites, 742 microsites, and includes features for centralized updates and webpage creation. This fixed-cost domestic order strengthens DEVIT's position in the government digital services sector.
25Sept 25
DEV Information Technology Secures ₹71 Lakh Contract from Guj Info Petro Ltd for Infrastructure Upgrade
Dev Information Technology Limited has won a contract worth approximately ₹71 lakhs from Guj Info Petro Ltd (GIPL) for upgrading and migrating GIPL's cluster infrastructure. The project involves upgrading the data centre, provisioning e-Governance applications, and deploying Microsoft Windows Server 2025 at GIPL's Gandhinagar data center. The project aims to enhance performance, scalability, and operational efficiency with a 2-3 week timeline. DEV IT has disclosed this non-related party transaction to the National Stock Exchange of India Limited and BSE Limited.
14Sept 25
DevX's IPO Oversubscribed 64 Times, Backed by Dev Information Technology
Dev Accelerator Limited (DevX), an associate of Dev Information Technology Limited, saw its IPO oversubscribed 64 times. The offering consists of 23.5 million equity shares priced at ₹61 each. Dev Information Technology shareholders' quota was oversubscribed 49.97 times, indicating strong confidence. DevX's successful IPO suggests robust investor interest in the technology sector.
09Sept 25
Dev Accelerator Limited Announces IPO Launch
Dev Accelerator Limited has announced its Initial Public Offering (IPO) with a price band of ₹56.00 to ₹61.00 per share. The IPO, set to launch on September 10, 2025, aims to raise up to ₹1,433.50 crore. The funds will be utilized for capital expenses and debt repayment. This IPO presents an opportunity for investors to participate in the company's growth, subject to thorough research and consideration of personal financial goals.
03Sept 25
Dev Accelerator Limited Files IPO Prospectus, Aims to Raise ₹1.1 Billion
Dev Accelerator Limited, an associate of Dev Information Technology, has filed its final red herring prospectus for an IPO. The company plans to issue 23.5 million shares, aiming to raise approximately ₹1.1 billion. This move comes amid growing interest in the Indian tech sector. Dev Accelerator's association with Dev Information Technology, which has a market cap of ₹2.50 billion, may provide advantages in the competitive tech landscape.
02Sept 25
Dev IT Secures ₹65 Lakh Contract from Gujarat Government for Office Automation
Dev Information Technology Limited has won a ₹65 lakh contract from Gujarat Informatics Limited to implement Microsoft Office suite and office automation software for the Gujarat Chief Minister's Office. The six-month project aims to enhance analytical and review capabilities of reports. This contract strengthens Dev IT's presence in government IT projects and showcases its ability to deliver solutions for public sector clients.
28Aug 25
Dev Information Technology Secures ₹1.06 Crore Contract from Rajasthan Government Entity
Dev Information Technology Ltd. has won a ₹1.06 crore contract from RajCOMP Info Services Ltd., a Rajasthan Government undertaking. The project, titled 'Portal Websites,' involves enhancing integrated web portals and applications using Adobe Experience Manager platform. The contract duration is approximately 12 months. Dev Information Technology currently holds active work orders worth about ₹50.00 crores from various government entities across India.
Dev Information Technology
32.23
-5.24
(-13.98%)
1 Year Returns:-51.27%
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