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Issue Oversubscribed 1.8X On Day 1 So Far

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SUMMARY

The retail investors’ portion saw the highest subscription at 5.9X, receiving bids for 1.35 Cr shares against 23 Lakh shares on offer

Qualified institutional buyers (QIBs) bid for 75.57 Lakh shares against 69.01 Lakh shares on offer, resulting in 1.1X subscription

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

Coworking space provider DevX’s (Dev Accelerator) IPO got off to a strong start, with the public issue oversubscribed by 1.8X at 11:30 on the first day of bidding. The…

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