# Everything you need to know about the DevX IPO

**URL:** https://tradingqna.com/t/everything-you-need-to-know-about-the-devx-ipo/186386
**Category:** IPOs
**Created:** [September 8, 2025, 5:57am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-devx-ipo/186386 "2025-09-08T05:57:15Z")
**Posts on this page:** 2
**Page:** 1

<div class="post-metadata">

### Author: ![hafzee](https://tradingqna.com/user_avatar/tradingqna.com/hafzee/32/29110_2.png) [@hafzee](https://tradingqna.com/u/hafzee)
#### Post date: [September 8, 2025, 5:57am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-devx-ipo/186386/1 "2025-09-08T05:57:15Z")

</div>

### About

DevX provides comprehensive office space solutions, including sourcing, customising, and developing spaces, alongside technology solutions and complete asset management. The company ensures efficient office operations by managing property upkeep, such as cleaning, HVAC maintenance, and other essential services. DevX serves over 230 clients with 25 centres across 11 cities in India, offering flexible office space solutions like managed and coworking spaces, as well as design and execution services through its subsidiary, Neddle and Thread Designs LLP.

### IPO schedule

| Issue open date | 2025-09-10 |
| --- | --- |
| Issue close date | 2025-09-12 |
| UPI mandate deadline | 2025-09-12 (5 PM) |
| Allotment finalization | 2025-09-15 |
| Refund initiation | 2025-09-16 |
| Share credit | 2025-09-16 |
| Listing date | 2025-09-17 |
| Mandate end date | 2025-09-29 |
| Lock-in end date for anchor investors (50%) | 2025-10-15 |
| Lock-in end date for anchor investors (remaining) | 2025-12-14 |

### Financials

| **Financial Year Ended** | **March 2023** | **March 2024** | **March 2025** |
| --- | --- | --- | --- |
| Total Assets | 282.42 | 411.08 | 540.38 |
| Revenue | 71.36 | 110.73 | 178.89 |
| Profit After Tax | -12.83 | 0.43 | 1.77 |

### Issue size

| **Funds Raised in the IPO** | **Amount** |
| --- | --- |
| Overall | ₹143.35 crores |
| Fresh Issue | ₹143.35 crores |

### Utilisation of proceeds

| **Purpose** | **INR crores (%)** |
| --- | --- |
| Capital expenditure | 73.1 (50.99%) |
| Repayment/prepayment of borrowings | 35 (24.41%) |
| General corporate purposes | 35.26 (24.6%) |

### Strengths

- Expansion into new and existing markets.
- Customer-centric business model with an integrated platform approach for long-term customer relationships.
- Strong financial and operating metrics.
- Experienced promoters and management team with deep industry expertise.

### Risks

- Lack of ownership at centres may lead to shutdowns and relocation costs.
- Reliance on third-party vendors for services like housekeeping and security may affect operations and image.
- Risks associated with developing, constructing, and maintaining spaces.

## Allotment Status for DevX

To check your allotment status - [click here](https://ipostatus.kfintech.com/).

---

<div class="post-metadata">

### Author: ![3nadh](https://tradingqna.com/letter_avatar_proxy/v4/letter/3/a183cd/32.png) [@3nadh](https://tradingqna.com/u/3nadh)
#### Post date: [September 10, 2025, 4:45am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-devx-ipo/186386/2 "2025-09-10T04:45:16Z")

</div>

how to get in your post in my mail box,i have not received to your posts