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Dev Accelerator shares listed flat at Rs 61 on BSE and Rs 61.30 on NSE after a 37.74 times subscribed IPO. The company operates 28 centers in 11 cities, serving over 250 clients.
Dev Accelerator Share Price
Dev Accelerator Shares Listing Today: Shares of Dev Accelerators debuted flat on the exchanges on Wednesday, September 17. On BSE, shares listed at Rs 61, against the issue price of Rs 61. While stocks debuted with a marginal gain of 0.49 per cent at Rs 61.30 apiece on NSE.
The allotment of unlisted shares of Dev Accelerator IPO was finalised on September 15, 2025.
Dev Accelerator Limited, one of the largest flexible workspace operators in Tier-2 markets, launched its initial public offering (IPO) between September 10, 2025 and September 12, 2025. Investors bid for 49,61,11,320 equity shares against the 1,31,47,075 equity shares on offer, translating to a total subscription of 37.74 times.
The company has fixed the price band at Rs 56–61 per share with a face value of Rs 2. The IPO, entirely a fresh issue of shares worth Rs 143.35 crore, does not include any offer-for-sale (OFS) component.
Investors can bid for a minimum lot size of 235 shares.
Dev Accelerator Issue Objectives
Proceeds from the IPO will be used for:
- Capital expenditure for fit-outs in upcoming centers,
- Repayment/prepayment of certain borrowings, including redemption of NCDs,
- General corporate purposes.
About Dev Accelerator
Dev Accelerator operates 28 centers across 11 Indian cities, managing over 14,000 seats across 8.6 lakh sq. ft. of office space. Its offerings include managed office spaces, coworking solutions, design and execution services, payroll and facility management, and IT/ITeS solutions.
The company has a strong presence in both Tier-1 and Tier-2 markets such as Delhi NCR, Mumbai, Pune, Hyderabad, Ahmedabad, Indore, Jaipur, Rajkot, Udaipur, and Vadodara. As of May 2025, it served over 250 clients, including large corporates, MNCs, and SMEs.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
September 17, 2025, 10:01 IST
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