India, Sept. 11 -- Update | September 11, 18:11

Coworking space provider DevX's IPO was oversubscribed 16X at the end of the second day of bidding, with retail investors leading the pack. Retail investors bid for 13.64 Cr shares against a total offering of 23 Lakh shares, translating to almost 60X subscription.

Employees bid for 10 Lakh shares against 1.6 Lakh shares reserved for them.

The portion reserved for non-institutional investors was subscribed 15.36X, receiving bids for 5.29 Cr shares against 34.5 Lakh shares on offer. Despite a relatively lukewarm response from qualified institutional buyers, their portion was subscribed 2.4X. They bid for 1.65 Cr shares against 69.01 Lakh shares on offer.

Original | September 11, 12:54

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