A Baljit Group Venture

IPO DETAILS : DC Infotech and Communication Ltd.

Unit No. 2, Aristocrate, Ground Floor, Lajya Compound, Mogra Ro Mumbai, Maharashtra - 400069
Phone: 28329000

Public Issue of 2400000 Equity Shares of Rs 10.00 each for Cash at a Premium of Rs 35.00 per share.

Issue Open Date	Issue Closing Date	Application Money	Allotment Money
12/12/2019	18/12/2019	45.00	-

Lead Managers	Registrar	Listed at
FEDEX SECURITIES LTD.	Satellite Corporate Services Pvt. Ltd. Unit No 49, Building No. 13 AB, 2nd Floor, Samhita Commercial Co-Op Society Ltd,, Off Andheri Kurla Road, MTNL Lane, Mumbai, Maharashtra - 400072 Phone: 28520461/462 Fax: 28511809	NSE

Object of the issue

The issue comprises of fresh issue of 24,00,000 equity shares by the Company aggregating Rs 1080.00 Lakhs (“Fresh Issue”).

The Company proposes to utilize the Net Proceeds from the issue towards the following objects:

1. Meeting incremental working capital requirements,
2. General corporate purposes.

Project Cost
	(Rs. in Crs.)
ISSUE EXPENSES	0.50
WORKING CAPITAL REQUIREMENTS	7.65
GENERAL CORPORATE EXPS.	2.65
TOTAL COST	10.80

Means of Finance
	(Rs. in Crs.)
PUBLIC ISSUES	10.80
TOTAL COST	10.80

Promoted by

The Promoters of the Company are

1. Chetankumar Timbadia
2. Devendra Sayani

1. Chetankumar Timbadia : Chetankumar Timbadia, aged about 50 years, is Promoter and Managing Director of the company. He is one of the subscribers of Memorandum of Association of the Company. He graduated with a degree of Bachelor of Engineering (Computer Engineering) from the Ramrao Adik Institute of Technology, New Bombay. He has experience of around two decades in the Information technology (IT) sector. Over the years, he has developed the network of vendors, channel partners and customers through his adaptness in building long term relationships across technologies, verticals, compliances and geographies.

Permanent Account Number : AAAPT7668P
Aadhar No. : 724788415667
Driving License No. : MH02 20140042560

2. Devendra Sayani : Devendra Sayani, aged about 51 years, is Promoter and Chairman and Whole Time Director of the
company. He is one of the subscribers of Memorandum of Association of the Company. He graduated with a degree of Bachelor of Engineering (Electronics) from the Ramrao Adik Institute of Technology, New Bombay. He heads the marketing and commercial relationship management departments of the Company.

Permanent Account Number : AAGPS0483D
Aadhar No. : 240699266032
Driving License No. : MH0219870000138