Informative

DevX IPO: Issue Oversubscribed 16X On Day 2

Update / Judgement Date

11 Sept 2025

Source

Inc42

Author

Team — WCP Legal Desk

Reading Time

1 min read

Investment BankingStart-Up & DPIIT

DevX's IPO issue has been oversubscribed 9.4x on Day 2. This indicates strong investor confidence in the company's growth prospects. The move is a significant step towards a more user-friendly and less intrusive business environment, is aimed at promoting business growth while being sensitive to the practical difficulties faced by businesses. This is a crucial reminder to all businesses that they must be diligent in their dealings.

Industrial Tribunal's Wage-Revision Award Set Aside for Lack of Comparator Evidence and Unreasoned Financial Findings
Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
Read More
DNA Proof of Paternity Alone Insufficient to Overturn Acquittal: Delhi HC Reaffirms Narrow Scope of Appeal Against Acquittal
Headnote The Delhi High Court dismissed a prosecutrix's appeal against acquittal of the accused on charges under Sections 328/376 2 n /377/506/509 IPC, despite DNA evidence…
Criminal Law
06/09/20264 min read
Read More
Unexplained Delay in Deciding Detenu's Representation Proves Fatal: Kerala High Court Orders Release Under PITNDPS Act
Fathimath Thasneem V.K. v. Union of India and Others | High Court of Kerala at Ernakulam | 3rd September, 2026 A habeas corpus writ petition by the wife of a detenu challenging…
Criminal Law
06/09/20264 min read
Read More
Habitual Robbery and Repeated Criminal Conduct Cross Into 'Public Order': Kerala High Court Upholds KAAPA Preventive Detention of 'Known Rowdy'
Thasmitha Abukutty v. State of Kerala and Others | High Court of Kerala at Ernakulam | 2nd September, 2026 A writ petition by the wife of a preventive detenu challenging a…
Criminal Law
06/09/20264 min read
Read More
Equal Punishment for Unequal Guilt Violates Article 14: MP High Court Quashes Disciplinary Penalty for Failing Parity Test Among Co-Delinquents
Brahm Kishore Dixit v. The State of Madhya Pradesh and Others | High Court of Madhya Pradesh, Gwalior | 1st September, 2026 A writ petition under Article 226 by a police Assistant…
Labour LawsPSU's AND Govt. Undertakings
06/09/20264 min read
Read More
FIR Is Not Substantive Evidence: MP High Court Fixes Insurer's Liability, Reversing Tribunal's Reliance on Unproved FIR Contents
Anil Kumar Patel v. Smt. Munni Bai Barman and Others | High Court of Madhya Pradesh, Jabalpur | 1st September, 2026 A Motor Vehicle Act appeal under Section 173 1 against a Claims…
Civil LawInsurance
06/09/20264 min read
Read More
Two Decades Unpaid: Bombay High Court Sanctions Court-Appointed Valuer's Fees But Bars Double Recovery Through Interest Plus Inflation
M/s. Kuber Mutual Benefits Ltd. & Ors. v. The State of Maharashtra & Ors. | High Court of Judicature at Bombay Appellate Side | 3rd September, 2026 A Court Receiver's Report…
Civil LawValuationWinding Up & Liquidation
06/09/20264 min read
Read More
802 Days Too Late: Bombay High Court Applies Latest Supreme Court Ruling on 'Notice' to Dismiss Corporation's Challenge to 1996 Arbitral Award as Time
The Municipal Corporation of Greater Bombay v. M/s. Atul Raj Builders Pvt. Ltd. | High Court of Judicature at Bombay Ordinary Original Civil Jurisdiction | 3rd September, 2026 A…
Alternate Dispute ResolutionCivil Law
06/09/20265 min read
Read More
Booth Level Agents Cannot Be Made to Certify What Only the Booth Level Officer Can Verify: Delhi HC Limits BLA Liability Under SIR Guidelines
Devender Yadav & Anr. v. Election Commission of India & Anr. | High Court of Delhi Single Judge | Decided on: 03.09.2026 In a challenge to the Election Commission of India's…
Other Legal Matters
06/09/20264 min read
Read More
No Right to Appear in FMGE on "Fragmented" Foreign Medical Education: Delhi HC Upholds NMC's Screening Test Eligibility Norms
Brij Sharadbhai Bhatt & Ors. v. National Medical Commission & Ors. | High Court of Delhi Division Bench | Decided on: 03.09.2026 The Delhi High Court dismissed a challenge by…
Other Legal Matters
06/09/20265 min read
Read More

DevX IPO: Issue Oversubscribed 16X On Day 2

Trending News, Updates & Judgements

Trending News, Updates & Judgements