Dev Accelerator IPO Subscription Status

On the final day of bidding (12 September 2025, till 5:00 PM), the Dev Accelerator IPO was subscribed 64.00 times overall.

• QIB portion: 20.30×
• NII portion: 87.97×
• RII portion: 164.89×

The issue received bids for 84,14,01,990 shares against the 1,31,47,075 shares on offer.

• Day 3: 64.00× subscription
• Day 2: 16.11×
• Day 1: 5.34×

About Dev Accelerator

Established in 2017, Dev Accelerator is a leading flexible-workspace provider focused on Tier-2 Indian cities. It specializes in delivering fully managed, custom-built office spaces for businesses and now operates across 15 locations.

• Tier-1 presence: Delhi-NCR, Hyderabad, Mumbai, Pune
• Tier-2 presence: Ahmedabad, Gandhinagar, Indore, Jaipur, Udaipur, Vadodara

The company offers end-to-end solutions, including site selection, space customization, construction, and technology integration. As of 31 August 2024, it served over 230 clients through 25 centers in 11 cities, managing 12,691 seats across 806,635 sq. ft. of workspace.

Financial Highlights

• Revenue: ₹178.89 crore in FY 2025 vs ₹110.72 crore in FY 2024
• Profit: ₹1.77 crore in FY 2025 vs ₹0.44 crore in FY 2024

Grey Market Premium (GMP)

As of Friday, 12 September 2025, the Dev Accelerator IPO carried a GMP of ₹8, suggesting a grey-market price of ₹69, which is an ₹8 premium over the ₹61 issue price.