India, Sept. 19 -- Continuing their downward trajectory post the listing day, shares of coworking space provider DevX (Dev Accelerator) tumbled 5% to hit the lower circuit at INR 58.10 apiece on the BSE today.

This was a drop of 5.3% from the listing price of INR 61.3 on Wednesday (September 17).

The company's market capitalisation stood at INR 524 Cr (about $59.3 Mn), with a trade volume of 8.8 Lakh.

On the listing day, the stock rose to touch a high of INR 64.36. However, it has been under pressure since the second trading session, hitting the lower circuit yesterday.

The company's IPO, which solely consisted of a fresh issue of 2.35 Cr shares, was oversubscribed 64X.

With the listing, DevX became the latest coworking space provide...