Dev Accelerator IPO Subscription Status
Dev Accelerator subscribed over 5.34x on its first day till 5.00 PM on 10 September 2025.
- Dev Accelerator IPO subscription QIB investors’ portion is 1.16 times, while NII subscribed 4.46 times, and RII investors subscribed 19.60 times.
- The company has received bids for 7,02,42,205 shares against 1,31,47,075 shares on offer on the first day of subscription.
- Dev Accelerator IPO subscribed over 5.34x on its day 1.
About Dev Accelerator Company
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.
Dev Accelerator Financial Report
The company reported revenue of ₹178.89 crores in 2025 against ₹110.72 crore in 2024. The company reported profit of ₹1.77 crores in 2025 against profit of ₹0.44 crores in 2024.
Dev Accelerator IPO GMP:
Dev Accelerator IPO GMP was ₹11 on Wednesday, 10 September 2025. That indicates the IPO is trading at ₹72 with a ₹11 premium in the grey market against the issue price of ₹61.
