Dev Information Technology share jumps 7% after arm files DRHP for IPO

Dev IT share price: Dev Information Technology (Dev IT) saw its share price surge by 7.23 per cent, hitting an intraday high of Rs 169.60 per share on Thursday, October 3, 2024.

The increase in Dev IT share price followed the announcement that its subsidiary, Dev Accelerator Limited (DevX), filed a draft red herring prospectus (DRHP) for an initial public offering (IPO) aimed at expanding its coworking spaces.