Dev Accelerator IPO Sees Exceptional Demand, Subscribed 64.00x on Day 3
5paisa Capital Ltd
- 2 min read
Last Updated: 12th September 2025 - 06:08 pm
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).
Don’t Miss Out on the Next Big IPO – Invest With Just a Few Clicks!Subscription Status of Dev Accelerator IPO:
| Date | QIB (Ex Anchor) | NII | Individual/ Retail Investors | Total |
| Day 1 (September 10) | 1.16 | 4.46 | 19.60 | 5.34 |
| Day 2 (September 11) | 2.40 | 15.36 | 59.48 | 16.11 |
| Day 3 (September 12) | 20.30 | 87.97 | 164.89 | 64.00 |
Dev Accelerator IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.)* |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 1,03,52,925 | 1,03,52,925 | 63.15 |
| QIB (Ex Anchor) | 20.30 | 69,01,950 | 14,01,34,965 | 854.82 |
| Non-Institutional Buyers | 87.97 | 34,50,975 | 30,35,69,005 | 1,851.77 |
| Retail Investors | 164.89 | 23,00,650 | 37,93,52,040 | 2,314.05 |
| Shareholders | 46.97 | 3,29,000 | 1,54,51,485 | 94.25 |
| Total | 64.00 | 1,31,47,075 | 84,14,01,990 | 5,132.55 |
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.
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