Dev Accelerator IPO Day 1: Check GMP, Subscription Status, Price Band And Other Details Here

Dev Accelerator IPO GMP: Dev Accelerator Ltd on Wednesday launched its Initial Public Offering (IPO). The IPO has been subscribed 5.22 times so far with the GMP indicating strong investor interest. The GMP anticipates the shares will be listed at around a price of Rs 70, which would allow a potential gain of nearly 15 per cent over the IPO's upper price band of Rs 61.

The grey market, an unofficial indicator of performance on a stock exchange listing, reflects high demand for a profitable debut. The IPO was subscribed 5.22 times by 4.29 PM on September 10. After starting from an absolute Rs 0 price point, the Dev Accelerator IPO GMP climbed and reached a high of Rs 10 before reaching the current Rs 9.

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Dev Accelerator IPO: GMP And Subscription Details

Subscription Dates: September 10 to September 12, 2025

Dev Accelerator IPO Listing Date (tentative): September 17, 2025, on BSE and NSE

Lot Size: 235 shares

Issue Size: Rs 143.35 crore (entirely a fresh issue)

Price Band: Rs 56 to Rs 61 per share

Issue Type: Book-building IPO

Listing at: BSE, NSE

Dev Accelerator IPO Subscription Status
Retail Individual Investors (RII): The IPO has been oversubscribed by a massive 19 times.

Qualified Institutional Buyers (QIB): Subscribed 1.16 times.

Non-Institutional Investors (NII): Subscribed 4.39 times.

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About Dev Accelerator:
Dev Accelerator (DevX) is a rapidly growing flexi-working space. It has over 28 centers across India. It is currently expanding to new locations, including its first international center in Sydney. As of May 2025, the company has a significant footprint across 11 Indian cities, managing an area of 860,522 sq. ft. for more than 250 clients.

Why Investors Are Interested In Dev Accelerator?
Investor interest has been fueled by Dev Accelerator's impressive financial performance. For the fiscal year ending March 2025, the company reported a 62 percent jump in revenue and a 303 percent surge in profit after tax. Despite its bullish trends, the company has a high P/E ratio, making it a difficult choice due to its rich valuation, leaving the final decision to an individual investor's risk appetite. The IPO will close for subscription on September 12, with allotment expected to be finalised on September 15.