India, Sept. 10 -- Coworking space provider DevX's (Dev Accelerator) IPO got off to a strong start, with the public issue oversubscribed by 1.8X at 11:30 on the first day of bidding. The IPO received bids for 2.43 Cr shares as against 1.31 Cr shares on offer.

The retail investors' portion saw the highest subscription at 5.9X, receiving bids for 1.35 Cr shares against 23 Lakh shares on offer.

Qualified institutional buyers (QIBs) bid for 75.57 Lakh shares against 69.01 Lakh shares on offer, resulting in 1.1X subscription. Non-institutional investors (NIIs) bid for 27.24 Lakh shares compared to 34.50 Lakh shares reserved for them, translating to a 0.79X subscription.

The portion reserved for employees was subscribed 0.9X.

DevX has set a...