The coworking space provider’s IPO solely consists of a fresh issue of shares of 2.35 Cr, a 15% reduction of 2.75 Cr fresh issue proposed in its DRHP
From the capital raised via the IPO, DevX plans on utilising INR 73.1 Cr for fit-outs of four new centres and INR 35 Cr for repayment or pre-payment of certain borrowings taken
For the full fiscal year FY25, DevX’s net profit stood zoomed over 3X YoY to INR 1.7 Cr while operating revenue surged 47% YoY to INR 108.1 Cr
Source link
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
