Dev Accelerator IPO Day 1: Our Company was originally incorporated on September 14, 2017 as “Dev Accelerator Limited” We are one of the Largest flex space operators in terms of operational flex stock in Tier 2 markets .
We have established our presence in both Tier 1 and Tier 2 markets across India, including regions such as Delhi NCR, Hyderabad, Mumbai, Pune, Ahmedabad, Gandhinagar, Indore, Jaipur, Udaipur, Rajkot and Vadodara as of May 31, 2025.
- Capital expenditure for fit-outs in the Proposed Centers.
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company including redemption of non-convertible debentures issued by our Company (“NCDs”).
- General corporate purposes.
Dev Accelerator IPO Offer Details
Issue Size: Dev Accelerator IPO size is a Book Building Issue of ₹143.35 Cr, Consisting of a Fresh issue of ₹(N/A) Cr and the Offer For Sale is ₹(N/A) Cr.
Price Band: The price band of Dev Accelerator IPO is fixed at ₹56 to ₹61 per equity share.
Lead Managers of issue: Beeline Capital Advisors Private Limited for Lead Managers of this IPO.
Issue Registrar: MUFG Intime India Private Limited
Listing Date: All shares included in the offer will be listed on NSE and BSE Stock Exchange on Sep 17, 2025.
Also Read : Dev Accelerator IPO Date, Price, GMP, Review, Details
Dev Accelerator subscription status Day 1 –
| Day to day | (QIBs) Qualified Institutional Buyers | ( NII ) Non-Institutional Investors | (RIIs) Retail Individual Investors | Total Subscription Status |
|---|---|---|---|---|
| Day 1 | 1.16 | 4.46 | 19.60 | 5.34 |
| Day 2 | 2.37 | 12.51 | 50.77 | 13.74 |
| Day 3 | 20.30 | 87.97 | 164.89 | 64.00 |
IPO Funds Utilisation:
The Company will use the proceeds from this IPO for the following purposes and activities:
- Pan-India presence with consistently high occupancy rates across our Centers.
- Customer-centric business model with an integrated platform approach, ensuring long-term relationships with customers.
- Delivering strong financial and operating metrics.
- Experienced Promoters and management team with deep industry expertise.
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Dev Accelerator IPO GMP price Details :
The GMP Price of Dev Accelerator IPO on 10 September 2025 was ₹9, if we talk about the estimated listing price then it is ₹70, if we look at the estimated per share percentage of this stock then 14.75% listing gain can be obtained in this IPO.
Source: Investorgain.com Report dated 10 September 2025
Disclaimer: GMP (Grey Market Premium) price is just an unverified market news and does not have any concrete basis yet. The information given above is based on the news published in some media reports, it is for information purposes only. Investors should do their own study/research before taking their decision. We are not involved in the grey market in any way, nor do any trading or recommend doing grey market trading.
Disclaimer: This news is for stock market educational purposes only. The securities/investments mentioned here are not recommendatory.
