Issue Oversubscribed 5.3X On Day 1

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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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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.

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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…



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.

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