Urban Company Shares Rally 8.5%, DevX Again Hits Lower Circuit

Shares of Urban Company are trading about 95% above their issue price, while DevX has slipped 9.5% below the issue price

Both IPOs saw strong investor interest, with Urban Company’s issue being oversubscribed 104X and DevX’s 64X

Urban Company’s market capitalisation stood at $3.1 Bn, while DevX had a market cap of $56.4 Mn

Shares of Urban Company surged as much as 8.5% to INR 201 apiece during the intraday trading on the BSE today. Meanwhile, coworking space provider DevX, which made its public market debut on…