[Update] DevX IPO: Issue Oversubscribed 16X On Day 2

by · Inc42

SUMMARY

  • The IPO received overall bids for 12 Cr shares against 1.31 Cr shares on offer, translating to 9.4X oversubscription
  • The retail category saw the highest subscription at 37X, receiving bids for 8.52 Cr shares against 23 Lakh shares on offer
  • DevX’s IPO solely comprises a fresh issue of up to 2.35 Cr shares and has set a price band of INR 56 to INR 61 for the public issue