India, April 3 -- Coworking space provider DevX (Dev Accelerator Ltd) has refiled its draft red herring prospectus (DRHP) after capital markets regulator SEBI returned its IPO papers in February this year.

In the updated DRHP, the company has increased the fresh issue size to up to 2.75 Cr equity shares from 2.47 Cr shares earlier. There will be no offer for sale (OFS), as was the case earlier.

The Ahmedabad-based startup first filed its DRHP with SEBI in September last year. However, SEBI returned the draft papers without specifying any reasons for it.

Founded by Parth Shah, Rushit Shah and Umesh Uttamchandani in 2017, DevX provides coworking space solutions, managed office spaces, workspace solution offerings, among others.

DevX com...