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Issue Oversubscribed 5.3X On Day 1


SUMMARY

Retail investors bid for 4.5 Cr shares against a total offering of 23 Lakh shares, translating to 19.6X subscription

Despite a relatively lukewarm response from qualified institutional buyers (QIBs), their portion was subscribed 1.2X

At the upper end of the price band, DevX plans to raise INR 143.3 Cr from the IPO

Update | September 10, 18:40

Coworking space provider DevX’s IPO was oversubscribed 5.3X at the end of first day of bidding, with retail investors leading the pack. Retail investors bid for 4.5 Cr shares…



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