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Dev Accelerator IPO fully subscribed within an hour on day 1: Check price band, lot size, key dates and more

Kamal Joshi
By Kamal Joshi

3 min read | Updated on September 10, 2025, 12:22 IST

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SUMMARY

Dev Accelerator IPO is purely a fresh issue of 23,500,000 equity shares aggregating to ₹143 crore. The capital raised will be used for "fit-outs" in the new centres and their security deposits, corporate general purposes and debt repayment.

Dev Accelerator Ltd is one of the largest flexible space operators in terms of operational flexible stock in tier-II markets. | Image: Devx.work

Dev Accelerator Ltd is one of the largest flexible space operators in terms of operational flexible stock in tier-II markets. | Image: Devx.work

Dev Accelerator IPO: The initial share sale of Dev Accelerator Ltd hit the primary market on Wednesday, September 10, along with two other mainboard IPOs of Urban Company and Shringar House of Mangalsutra.

The initial public offering, with a price band of ₹56 to ₹61 per share, will conclude on Friday, September 12.

The company's IPO is purely a fresh issue of 23,500,000 equity shares aggregating to ₹143 crore. The capital raised will be used for "fit-outs" in the new centres and their security deposits, corporate general purposes and debt repayment.

Dev Accelerator IPO day 1 live: Subscription details

CategorySubscription Status (as of 12:21 pm)
Qualified Institutional Buyers (QIBs)1.14 times
Non-Institutional Investors1.35 times
Retail Investors8.24 times
Total2.45 times

Before the IPO, Dev Accelerator garnered ₹63 crore from anchor investors, including Universal Sompo General Insurance Company Ltd, Abans Finance, Sunrise Investment Opportunities Fund, Finavenue Capital Trust, Chattisgrah Investments Ltd, SB Opportunities Fund II, Shine Star Build Cap, Meru Investment Fund PCC and Vbcube Ventures Fund.

Dev Accelerator IPO lot size

An application size consists of 235 shares.

Investor CategoryShares offered of the issue
QIBsNot less than 75%
Retail investorsNot more than 10%
NIIsNot more than 15%
Urban Company IPO opens: Live subscription status and 10 key things to know from RHP

Dev Accelerator IPO timeline: Allotment and listing dates

EventDate
Subscription periodSeptember 10 to September 12
Basis of allotmentSeptember 15
Initiation of RefundsSeptember 16
Credit of Shares to DematSeptember 16
Listing dateSeptember 17

Dev Accelerator, a flexible space operator, provides comprehensive office space solutions. It majorly focuses on serving large corporations by offering managed office solutions with average lease tenures in the range of 5 to 9 years.

Shringar House of Mangalsutra IPO day 1: Live subscription status, price band, lot size, and all you need to know

Dev Accelerator IPO GMP

According to investorgain.com and media reports, Dev Accelerator' unlisted shares are trading at ₹70 per share, reflecting a grey market premium, or GMP, of 14.75% over the upper price band of ₹61.
Disclaimer: Grey Market Premium, or GMP, is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox neither supports nor encourages grey market trading. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
To learn more about IPOs, their listings, schedules, and upcoming IPOs, visit our page.
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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.