On the last day, the Dev Accelerator IPO was subscribed 64.00 times overall, the retail quota 164.89 times, the QIB 20.30 times, and the NII quota 87.97 times, respectively.
Details About Dev Accelerator IPO
Dev Accelerator got approval from SEBI for an IPO of ₹143.35 crores. This IPO consists entirely of a fresh issue of ₹143.35 crores with a face value of ₹2 each. Moreover, the company has set up a price band between ₹56 to ₹61 per share.
In this IPO, a total of 235 shares were available in 1 lot sizes for the minimum Retail category, and for the maximum retail category, 3,055 shares in 13 lot sizes. S-HNI (Minimum) total of 3,290 shares in a 14-lot size. While B-HNI Minimum, a total of 16,450 shares in a 68-lot size.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,335 and maximum investment of ₹1,86,355.
- Small HNI (S-HNI): Minimum investment of ₹2,00,690.
- B-HNI: Minimum investment of ₹10,03,450
Subscription Duration of the Dev Accelerator IPO
Dev Accelerator’s IPO opened on September 10, 2025, and closed on September 12, 2025.
Dev Accelerator’s allotment was finalized on September 15, 2025, and the IPO listing is on September 17, 2025.
About Dev Accelerator IPO
DEV Accelerator was established in 2017 and is one of the major flexible workspace providers in Tier 2 cities in India. The company mainly concentrates on building fully managed, custom-built office workspace for businesses. They have established its business presence across 15 different locations. The tier 1 consists of cities like Delhi NCR, Hyderabad, Mumbai, and Pune, whereas Tier 2 cities consist of Ahmedabad, Gandhinagar, Indore, Jaipur, Udaipur, and Vadodara.
The company started its business in 2017 by offering office space solutions to various businesses that meet the requirements of the various needs. Finding appropriate office spaces, customizing designs, building the spaces, and providing technology solutions are some of the services the company provides to its customers. The company caters to more than 230 clients and has 25 centers across 11 cities in India. As of August 31, 2024, the company manages 12,691 seats spanning a total of 806,635 square feet.
Financial Background of Dev Accelerator IPO
The company reported revenue of ₹178.89 crores in 2025 against ₹110.72 crores in 2024. The company reported a profit of ₹1.77 crores in 2025 against a profit of ₹0.44 crores in 2024.
