Dev Accelerator IPO Sees Exceptional Demand, Subscribed 64.00x on Day 3

Dev Accelerator Limited's initial public offering (IPO) has demonstrated exceptional investor interest through its third and final 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 64.00 times by 5:04:52 PM on day three, 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 164.89 times subscription, whilst non-institutional investors demonstrate impressive participation at 87.97 times, and qualified institutional buyers (ex-anchor) show strong interest at 20.30 times, reflecting outstanding investor confidence in this company.

IPO subscription status reached an exceptional 64.00 times on day three, led by Retail Investors (164.89x), Non-Institutional Investors (87.97x) and QIB (Ex-Anchor) (20.30x). Total applications reached 14,87,302 as of Day 3 (September 12, 2025, 5:04:52 PM).

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Subscription Status of Dev Accelerator IPO:

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Key Highlights - Day 3:

• Overall subscription reached an exceptional 64.00 times, showing remarkable improvement from day two's 16.11 times
• Retail investors are displaying remarkable confidence at 164.89 times, building dramatically from day two's 59.48 times
• Non-institutional investors displaying impressive performance at 87.97 times, building substantially from day two's 15.36 times
• Shareholders showing strong confidence at 46.97 times, building substantially from day two's 13.39 times
• Qualified institutional buyers showing strong growth at 20.30 times, building substantially from day two's 2.40 times
• Employees showing strong performance at 17.60 times, building substantially from day two's 6.19 times
• Total applications reached 14,87,302, indicating massive investor participation for this mainboard IPO
• Cumulative bid amount reached ₹5,132.55 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.