India, Sept. 10 -- 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 against a total offering of 23 Lakh shares, translating to 19.6X subscription.

Employees bid for 3.9 Lakh shares against 1.6 Lakh shares reserved for them.

The portion reserved for non-institutional investors was subscribed 4.5X, receiving bids for 1.5 Cr shares against 34.5 Lakh shares on offer. Despite a relatively lukewarm response from qualified institutional buyers (QIBs), their portion was subscribed 1.2X. They bid for 80.10 Lakh shares against 69.01 Lakh shares on offer.

Original | September 10, 11:38

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