Subscriptions for Dev Accelerator’s initial public offering (IPO) will go live on September 10 and end on September 12. Along with the Urban Company IPO and the Shringar House of Mangalsutra IPO, the issue will go on sale for subscriptions today.
Dev Accelerator IPO LIVE Coverage: GMP, Investor Response & Application Advice
Workspace options from Dev Accelerator range from single desks to completely customized office configurations. In order to provide end-to-end asset management, its services include finding office spaces, customizing designs, creating work environments, and providing technological solutions.
With operations across Delhi NCR, Hyderabad, Mumbai, Pune, Ahmedabad, Gandhinagar, Indore, Jaipur, Udaipur, Rajkot, and Vadodara, the firm is present in both Tier 1 and Tier 2 markets in India.
As of May 31, 2025, it manages 14,144 seats with a total monitored area of 860,522 square feet of SBA, serving over 250 customers across 28 centers spread throughout 11 cities.
Status of Dev Accelerator IPO subscriptions
During Wednesday’s trades, the public issue subscription will open at 10:00 IST.
Dev Accelerator IPO: Review Anand Rathi,
a brokerage company, has rated the Dev Accelerator IPO as a “subscribe for long-term” investment since it believes the offer is adequately priced.
With a post-issue market capitalization of ₹5,501 million, the firm is valued at the higher end of the pricing range at 305x FY25 P/E and 3.5x P/S. Through Saasjoy, it has expanded its services to cover software, HR, and IT in order to improve customer retention and meet changing workplace and technological demands. Additionally, it assists GCCs in creating international teams in India through its affiliate Scaleax Advisory Private Limited, which offers payroll and facilities management services in addition to recruiting solutions including AI-based screening, talent sourcing, and team augmentation. Given these elements, the brokerage company concluded that the IPO is fully priced and merits a “SUBSCRIBE – LONG TERM” rating.
Reliance Securities, a brokerage business, has also assigned the “subscribe” tag, citing long-term potential in addition to aspirations to expand into Tier-1 and an impending international venture.
As a Tier-2 industry leader in managed workspaces with high occupancy rates and enterprise-focused solutions, DevX has established a place for itself. Growth and capital efficiency are balanced by its multi-model approach, and revenue and ROCE have significantly increased. Long-term potential is increased by the Tier-1 expansion and the impending international venture. Due to these events, we advise subscribing,” the company stated.
Details of the Dev Accelerator IPO
The IPO of Dev Accelerator is a full new issuance of 2.35 crore equity shares, with prices ranging from ₹56 to ₹61 per share.
One lot of 235 shares is the minimum bid size for regular investors, requiring a ₹14,335 investment. While the lot size for large non-institutional investors (bNII) is 70 lots, or ₹10,03,450, the lot size for small non-institutional investors (sNII) is 14 lots, or ₹2,00,690.
The IPO proceeds will be used for general company purposes, security deposits for these centers, repayment of some borrowings, including NCD redemption, and capital expenditures for fit-outs at future centers.
With a planned listing date of September 17, 2025, on both the BSE and NSE, the share allocation is expected to be finalized on September 15, 2025.
The issue’s registrar is Kfin Technologies Ltd., and the book-running lead manager is Pantomath Capital Advisors Pvt. Ltd.
Today’s Dev Accelerator IPO GMP
The Dev Accelerator IPO shares are now trading at a respectable grey market premium (GMP). The Dev Accelerator IPO’s GMP dropped somewhat to ₹9 on the first day of trading, according to market reports.
The expected listing price of Dev Accelerator shares may be about ₹70, representing a premium of 14.75%, based on the current GMP and the higher end of the IPO pricing band at ₹61. It’s crucial to keep in mind that GMP may be quite volatile, even though this suggests a favorable listing forecast.
Disclaimer: Grey Market Premium (GMP) data is based on market reports and unofficial sources. It is not regulated or endorsed by SEBI or any official authority. The information provided here is for educational and informational purposes only and should not be considered as investment advice. Investors are advised to consult with a financial advisor and rely on official documents before making any investment decisions.
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