How to Check Dev Accelerator IPO Allotment Status?

Dev Accelerator Limited provides flexible office spaces including coworking environments, established in 2017. The company operates 28 centers across 11 cities in India as of May 31, 2025, covering 860,522 square feet with 14,144 seats while serving over 250 clients including large corporates, MNCs, and SMEs, having expanded presence to major cities such as Delhi-NCR, Hyderabad, Mumbai, and Pune with signed Letters of Intent for three new centers including first international center in Sydney, Australia, and leased space for new center in Surat offering 11,500 seats across 897,341 sq. ft.

The Dev Accelerator IPO came with a total issue size of ₹143.35 crore, comprising entirely a fresh issue of 2.35 crore shares aggregating to ₹143.35 crore. The IPO opened on September 10, 2025, and closed on September 12, 2025. The allotment for the Dev Accelerator IPO is expected to be finalized on Monday, September 15, 2025. The Dev Accelerator IPO share price band was set at ₹56 to ₹61 per share.
 

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Steps to Check Dev Accelerator IPO Allotment Status on Registrar Site

• Visit the Kfin Technologies Ltd. website   
• Select "Dev Accelerator" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Dev Accelerator IPO Allotment Status on BSE

• Navigate to the BSE SME IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Dev Accelerator" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Dev Accelerator IPO Subscription Status

Dev Accelerator IPO received exceptional investor interest, being subscribed 64.00 times overall. The subscription showed outstanding confidence across categories in the Dev Accelerator IPO stock price potential. Here is a category-wise breakdown of the subscription as of 5:04:52 PM on September 12, 2025:

• Non-Institutional Investors (NII): 87.97 times.
• QIB Category: 20.30 times.

Dev Accelerator Share Price and Investment Details

The Dev Accelerator IPO stock price band was set at ₹56 to ₹61 per share with a minimum lot size of 235 shares. The minimum investment required for retail investors was ₹14,335 for 1 lot (235 shares). The issue included up to 1,03,52,925 shares allocated to anchor investors raising ₹63.15 crore. Given the exceptional subscription response of 64.00 times overall, with QIB category showing strong response at 20.30 times and retail investors demonstrating extraordinary response at 164.89 times, the Dev Accelerator IPO share price is expected to list with exceptional premium.

Utilisation of IPO Proceeds

The IPO is a complete offer for sale. Hence, the company will not receive any proceeds. The objective of the issue is to:

• Capital expenditure for fit-outs in new Centers and security deposits: ₹73.12 crore.
• Repayment and/or pre-payment of certain borrowings including redemption of NCDs: ₹35.00 crore.
• General corporate purposes: Remaining amount.

Business Overview

Dev Accelerator Limited operates as one of the largest flexible workspace operators in major metros and Tier-1, Tier-II cities, providing customizable workspace solutions tailored to evolving needs of modern businesses including customizable desks and suites, accommodating remote work trends, and flexible lease options through comprehensive managed offices and coworking spaces.

The company maintains subsidiary Neddle and Thread Designs LLP offering design and execution services while operating in highly competitive and fragmented flexible workspace segment, demonstrating turnaround from FY24 onwards with significant growth in revenue and profitability while expanding across multiple cities and preparing for international expansion to Sydney, Australia, serving diverse client base from large corporates to SMEs through scalable business model focused on flexible workspace solutions.