{"id":11890,"date":"2025-09-11T06:12:57","date_gmt":"2025-09-11T06:12:57","guid":{"rendered":"http:\/\/tezgyan.com\/index.php\/2025\/09\/11\/shringar-house-of-mangalsutra-vs-dev-accelerator-vs-urban-co-ipo-check-subscription-status-gmp-ipo-news\/"},"modified":"2025-09-11T06:12:57","modified_gmt":"2025-09-11T06:12:57","slug":"shringar-house-of-mangalsutra-vs-dev-accelerator-vs-urban-co-ipo-check-subscription-status-gmp-ipo-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/09\/11\/shringar-house-of-mangalsutra-vs-dev-accelerator-vs-urban-co-ipo-check-subscription-status-gmp-ipo-news\/","title":{"rendered":"Shringar House of Mangalsutra Vs Dev Accelerator Vs Urban Co IPO: Check Subscription Status & GMP | Ipo News"},"content":{"rendered":"


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The primary market is buzzing this week with three mainboard issues opening for subscription \u2014 Dev Accelerator, Shringar House of Mangalsutra, and Urban Company.<\/h2>\n
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Shringar House of Mangalsutra IPO Vs Dev Accelerator IPO Vs Urban Company IPO.<\/p>\n<\/figure>\n

Shringar House of Mangalsutra IPO Vs Dev Accelerator IPO Vs Urban Company IPO:<\/strong> The primary market is buzzing this week with three mainboard issues opening for subscription \u2014 Dev Accelerator, Shringar House of Mangalsutra, and Urban Company. The IPOs are drawing attention from retail investors because of their due to high subscriptions and strong grey market activity. Here are their subscription status and GMP on Day 2.<\/p>\n

The IPOs will be closed tomorrow, September 12.<\/p>\n

Dev Accelerator IPO<\/strong><\/p>\n

Ahmedabad-based Dev Accelerator Ltd, a provider of flexible office spaces, has set a price band in the range of Rs 56 to Rs 61 per share. At the upper end, the company\u2019s valuation comes to around Rs 550 crore. The issue is open for subscription between September 10 and 12, with the tentative listing date fixed for September 17, 2025.<\/p>\n

In the grey market, Dev Accelerator is quoting a premium of Rs 8 (or 13.11%) over its upper IPO price.<\/p>\n

Till 10:59 am on the second day of bidding, the issue received a 8.29x subscription, garnering bids for 10,89,47,175 shares as against the 1,31,47,075 shares on offer.<\/p>\n

The retail and NII participation stood at 32.09x and 7.06x, respectively. The QIB category was subscribed by 1.17x.<\/p>\n

Shringar House of Mangalsutra IPO<\/strong><\/p>\n

Mumbai-based jewellery firm Shringar House of Mangalsutra has comed out with its maiden issue at a price band of Rs 155-Rs 165 per share. The IPO will remain open for bidding from September 10 to 12, with listing also expected on September 17.<\/p>\n

The issue has attracted decent grey market interest, with its latest GMP at Rs 27. Based on this, the stock could list around Rs 192, implying an 16.36% premium.<\/p>\n

Till 10:59 am on the second day of bidding, the issue received a 3.32x subscription, garnering bids for 5,65,00,740 shares as against the 1,70,16,000 shares on offer.<\/p>\n

The retail and NII participation stood at 4.48x and 4.95x, respectively. The QIB category received a 0.02x subscription.<\/p>\n

Urban Company IPO<\/strong><\/p>\n

The week\u2019s biggest name is app-based services platform Urban Company. Backed by strong anchor investor participation, the company has already mobilised Rs 854 crore ahead of its public offer. The Rs 1,900-crore IPO is priced at Rs 98-Rs 103 per share, valuing the business at nearly Rs 14,790 crore. Subscriptions will run from September 10 to 12, and listing is slated for September 17.<\/p>\n

In the grey market, Urban Company is trading at a premium of Rs 39, suggesting a potential listing price of around Rs 142 per share \u2014 nearly 37.86% above the upper price band.<\/p>\n

Till 10:59 am on the second day of bidding, the issue received a 4.72x subscription, garnering bids for 47,92,50,520 shares as against the 10,15,65,534 shares on offer.<\/p>\n

The retail and NII participation stood at 10.76x and 7.32x, respectively. The QIB category was subscribed by 1.38x.<\/p>\n

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Mohammad Haris<\/a><\/p>\n

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More<\/span><\/p>\n<\/div>\n<\/div>\n

First Published:<\/span><\/p>\n
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September 11, 2025, 11:18 IST<\/p>\n<\/div>\n<\/div>\n

News<\/a> business<\/a> ipo<\/a> Shringar House of Mangalsutra Vs Dev Accelerator Vs Urban Co IPO: Check Subscription Status & GMP<\/span><\/div>\n
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