Dev Accelerator IPO day 3: Issue booked 64 times; check allotment date and steps

Dev Accelerator IPO ended on Friday, September 12, amid a strong response from investors. After the bidding stage, the basis of allotment will occur.

The issue is solely a fresh issuance of 2.35 crore shares aggregating to ₹143.35 crore. There is no offer for sale (OFS) component.

The objectives of the issue are to utilise funds for capital expenditure for "fit-outs" in the new centres and their security deposits, debt clearance, and corporate general purposes, including strategic initiatives, brand-building exercises, strengthening marketing capabilities, and payment of lease liabilities.

Dev Accelerator (DevX), which is promoted by the listed company Dev Information Technology Ltd, has set a price band of ₹56 to ₹61 per share. A lot consists of 235 shares.

Dev Accelerator IPO day 3: Subscription status

The offer has secured bids for 84,10,19,175 shares compared to 1,31,47,075 shares on offer, translating to a 63.97 times subscription on Friday, September 12, the final day of bidding.

Dev Accelerator is an office space solutions provider. The capital infusion will allow the company to expand its footprint in major cities, including Mumbai, Noida, Gurugram, Pune, GIFT City, Ahmedabad, Chennai, Rajkot, Surat, Vadodara, Goa, and Jaipur.

Dev Accelerator IPO allotment date

The basis of allotment of the Dev Accelerator IPO is expected to be finalised on Monday, September 15, 2025. The details will be out on the websites of NSE, BSE and KFin Technologies.

How to check Dev Accelerator IPO allotment on NSE

• Go to the allotment page of NSE at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Click on ‘Equity & SME IPO bid details’
• Pick ‘Dev Accelerator’ under the symbol ‘DEVX’
• Mention your PAN as well as application number
• Click on the 'Submit' button

Steps to check Dev Accelerator IPO allotment on BSE

• Visit this URL: https://bseindia.com/investors/appli_check.aspx
• The issue type should be kept as 'Equity'
• Pick ‘Dev Accelerator Ltd’ from the 'Issue Name' section
• Add PAN or IPO application number
• Press the 'Search' button

Dev Accelerator IPO allotment on KFin Technologies; step-by-step guide

• Go to registrar KFin Technologies' portal: https://ipostatus.kfintech.com/
• In the ‘Select IPO’ section, select ‘Dev Accelerator Ltd’
• Identify yourself using your PAN, IPO application number, or Demat account number.
• Click on ‘Submit’