India, Sept. 5 -- Coworking space provider DevX (Dev Accelerator Ltd) has set a price band of INR 56 to INR 61 per share for its initial public offering (IPO) that will open for subscription on September 10 (Wednesday) and close on September 12 (Friday).

Shares of the company are expected to list on the BSE and the NSE on September 17.

At the upper end of the price band, the company would be valued at INR 550.1 Cr (about $62.3 Mn). The total size of the IPO, which comprises a fresh issue of up to 2.35 Cr shares, will be INR 143.3 Cr (about $16.2 Mn).

DevX plans to deploy INR 73.1 Cr from the IPO proceeds for fit-outs of four new centres in Surat, Pune, Ahmedabad, and its first international centre in Sydney. Besides, INR 35 Cr will be ...