Dev Accelerator
17 Sep '25MAINBOARD
Min. Investment
₹13,160
Issue size
₹143.35 Cr
GMP
Locked
Overall subscription: 57.43x
Check allotment status
Expert verdict
IPO dates
10 Sep
Opening
12 Sep
Closing
15 Sep
Allotment
17 Sep
Listing
*Refunds will be initiated on 16 Sep '25
IPO quota
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 235 | ₹14,335 |
| HNI (Min) | 14 | 3290 | ₹2,00,690 |
Subscription (as on 17 October 2025, 06:30 PM)
Overall57.43x
Qualified institutional buyers
Non-Institutional Buyers
Retail Investors
Employee
About company
Founded: 2017|MD: Mr Umesh Satishkumar Uttamchandani
- Dev Accelerator is an operator of flexible office spaces, with a significant presence in both Tier 1 and Tier 2 markets across India, including cities such as Delhi NCR, Hyderabad, Mumbai, Pune, and Ahmedabad. The company offers a range of office space solutions, including managed office spaces, coworking spaces, and design and execution services through its subsidiary, Neddle and Thread Designs LLP. Dev Accelerator also provides payroll management, facility management, and information technology and information technology-enabled services (IT/ITeS) via its subsidiary, Saasjoy Solutions Private Limited.
- As of May 31, 2025, Dev Accelerator operated 28 centres across 11 cities in India, managing over 860,522 square feet of office space with 14,144 seats. The company focuses on large corporates, multinational corporations (MNCs), and small and medium-sized enterprises (SMEs), offering tailored office solutions and ensuring property upkeep and operational efficiency.
Issue Details & Objective
Lot size
235 Shares
Price band
₹56 to 61
Face value
₹2 per share
Financials
IPO reservation
Anchor investor - 30.58%
QIB - 50.97%
HNI - 10.19%
Retail - 6.80%
Download DRHP (IPO Doc)FAQs
Should I apply for the Dev Accelerator IPO?
Our SEBI-registered investment advisors give out verdicts for each IPO. You can refer to their expert verdict at the top of this page. Please note that these verdicts are for informational purposes only and should not be construed as investment advice. Markets are subject to risk, and investors should exercise their own discretion and diligence.
What is the issue size of Dev Accelerator IPO?
The issue size of Dev Accelerator IPO is ₹143.35 Cr
What are the open and close dates for Dev Accelerator IPO?
The Dev Accelerator IPO will be open for applications from 10 Sep '25 to 12 Sep '25
What is the lot size and minimum order quantity of Dev Accelerator IPO?
The lot size of Dev Accelerator IPO is 235 Shares and its minimum investment amount is ₹13,160.
What is the GMP value of Dev Accelerator IPO?
Grey market premium (GMP) is a premium amount at which grey market IPO shares are traded before they get listed in the stock exchange. The GMP for Dev Accelerator IPO is 14.75
