Dev Accelerator IPO Sees Exceptional Demand, Subscribed 16.11x on Day 2

Dev Accelerator Limited's initial public offering (IPO) has demonstrated exceptional investor interest through its second day of subscription, with Dev Accelerator's stock price set at ₹56-61 per share, reflecting outstanding market reception. The ₹143.35 crore IPO reached 16.11 times by 5:04:48 PM on day two, indicating exceptional investor interest in this flexible office space and coworking solutions provider incorporated in 2017.

Dev Accelerator IPO retail investors segment leads with a remarkable 59.48 times subscription, whilst non-institutional investors demonstrate impressive participation at 15.36 times, and qualified institutional buyers (ex-anchor) show moderate interest at 2.40 times, reflecting outstanding investor confidence in this company.
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Subscription Status of Dev Accelerator IPO:

Here are the subscription details for Dev Accelerator IPO as of Day 2 (September 11, 2025, 5:04:49 PM):

Dev Accelerator IPO Reservation

Key Highlights - Day 2:

• Overall subscription reached an exceptional 16.11 times, showing remarkable improvement from day one's 5.34 times
• Retail investors are displaying remarkable confidence at 59.48 times, building dramatically from day one's 19.60 times
• sNII segment is showing remarkable interest at 21.93 times, building dramatically from day one's 4.82 times
• Non-institutional investors displaying impressive performance at 15.36 times, building substantially from day one's 4.46 times
• Shareholders showing strong confidence at 13.39 times, building substantially from day one's 4.16 times
• bNII category demonstrating strong performance at 12.08 times, building substantially from day one's 4.28 times
• Employees showing moderate performance at 6.19 times, building moderately from day one's 2.35 times
• Qualified institutional buyers showing moderate growth at 2.40 times, building from day one's 1.16 times
• Total applications reached 5,25,368, indicating massive investor participation for this mainboard IPO
• Cumulative bid amount reached ₹1,292.05 crores, significantly exceeding the issue size of ₹143.35 crores

Key Highlights - Day 1:

• Overall subscription reached a strong 5.34 times, showing exceptional opening day investor interest
• Retail investors are displaying impressive confidence at 19.60 times, showing robust retail sentiment
• Non-institutional investors are showing strong performance at 4.46 times, indicating robust HNI appetite
• Shareholders are displaying strong confidence at 4.16 times, demonstrating solid existing stakeholder participation
• Employees are showing moderate performance at 2.35 times, indicating reasonable employee participation
• Qualified institutional buyers are showing modest performance at 1.16 times, demonstrating cautious institutional appetite.
• Total applications reached 1,73,174, indicating substantial investor participation for this mainboard IPO
• Cumulative bid amount reached ₹428.48 crores, significantly exceeding the issue size of ₹143.35 crores.

About Dev Accelerator Limited

Established in 2017, Dev Accelerator Limited provides flexible office spaces, including coworking environments across 15 centres in India, encompassing major cities such as Delhi-NCR, Hyderabad, Mumbai, and Pune. As of May 31, 2025, the company serves over 250 clients and has 28 centres across 11 cities with 14,144 seats covering 860,522 square feet.