DEVIT's Associate Company, DevX, Successfully Oversubscribed in IPO by 64 Times
Dev Information Technology Limited’s promoted associate company, Dev Accelerator Limited (DevX), has filed its final Prospectus dated 13th September 2025 with SEBI, the stock exchanges, and the Registrar of Companies for an Initial Public Offering (IPO). The IPO comprises a fresh issue of up to 23,500,000 equity shares of face value %2 each, offered for cash at a price of 361 per equity share (including a share premium of %59 per equity share). Dev Information Technology Limited (DEVIT) expresses its gratitude to its shareholders for their overwhelming response to the IPO, resulting in an oversubscription of 49.97 times under the shareholders’ quota of DEVIT. The overall IPO of DevX was oversubscribed by 64 times. As a co-promoter of DevX, DEVIT sincerely thanks its investors for their continued trust and support.
Key Highlights
- DevX, an associate company of DEVIT, has successfully filed its final Prospectus for an IPO.
- The IPO comprises a fresh issue of up to 23,500,000 equity shares at a price of 361 per share with a share premium of %59.
- DEVIT's shareholders showed great response, oversubscribing the IPO by 49.97 times under their quota.
- The overall IPO of DevX was oversubscribed by 64 times.
- DEVIT, as a co-promoter of DevX, appreciates investor's trust and support.