![If you have invested ₹ 126000 in DEVIT in 2017](https://knowaboutmarket.com/wp-content/uploads/2024/03/devit-share-price-returns-after-7-years-1024x658.png)
This Stock which is not less than a multi bagger has recently announced a stock split in the ratio of 1:2. This stock came to IPO in the year 2017 and is a SME IPO with fixed price issue. At the time of listing the Face Value of the share is ₹ 10 and is listed on NSE at ₹ 42 per share.
Company name : DEVIT [ DEV Info Technology Ltd ]
If you had invested in this small cap IT Company [ DEVIT ] at the time of IPO , then you would have seen multi bagger returns. Market Cap of DEVIT is around ₹ 227 crores [ While the stock is trading at ₹ 101].
At the time of Listing retail investors have an option to buy the shares in terms of lot. Here the lot size is 3000 and the issue price is fixed at ₹ 42.
Lets assume that you have bought one lot [ 3000 shares ] of DEVIT , at the time of listing at a price of ₹ 42.
42X3000 : ₹ 126000
So you have invested ₹ 126000 in the year 2017 and bought 3000 shares of DEVIT.
DEVIT Stock Split History
In the month of November 2022, DEVIT has announced a stock split in the ratio of 1:2.
Face Value of ₹ 10 has been reduced to ₹ 5.
Suppose you hold 100 stocks before the stock split announcement. After the stock split 100 stocks would become 200.
Ex-split date | Old Face Value | New Face Value |
25th November 2022 | ₹ 10 | ₹ 5 |
What is the worth of ₹ 126000 invested in DEVIT Shares in 2017 in 2024 ?
At the time of listing we have bought 3000 shares of DEVIT for ₹ 126000.
Company has announced a stock split and the 3000 shares you hold in your Demat account would become 6000 [ based on 1:2 stock split ratio].
Calculation :
As on writing this article [ March 30th, 2024], DEVIT is trading at ₹ 101 apiece.
6000 Shares X ₹ 101 = ₹ 606000 [ 6 Lakhs 6 thousand Rupees ]
If you had invested 1.26k in DEVIT stock keep on holding it dill date, your investment would now become ₹ 6.06 Lakhs. In the span of 7 years your 1.25 lakhs became 6 lakhs i.e. 4 times return on your investment.
If you want to generate wealth then the best option is go for investment hold the stocks for long term.
With intraday trading & buying and selling stocks regularly, it is possible to create wealth.
DEVIT Dividend History 2024
Apart from the above returns on your initial investment, you will get returns from the dividend. This company has been announcing dividends regularly.
In the year 2023, DEVIT has announced a dividend of ₹ 0.25 per share.
For 6000 Shares you will get : 6000X ₹0.25 : ₹ 1500 as dividend amount.
Ex-date | Dividend amount ₹ | Type |
September 22, 2023 | 0.25 | Final |
September 22, 2022 | 0.50 | Final |
August 18,2021 | 0.50 | Final |
December 22,2020 | 0.50 | Final |
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