By News18,Varun Yadav
Copyright news18
Dev Accelerator IPO Allotment Status: The allotment of unlisted shares of Dev Accelerator IPO was finalised on September 15, 2025. Investors who applied for the issue and received the allotment have been already been informed by the registrar. All eyes are now on the listing of shares on the exchanges – Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), likely on September 17, 2025.
Grey market premium is a popular instrument used to gauge the expected listing of the issue’s shares on the exchanges whenever it happens.
Dev Accelerator IPO Details
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.
Dev Accelerator Listing Price Prediction
According to market observers, unlisted shares of Dev Accelerator Ltd are currently trading at Rs 67 against the upper IPO price of Rs 61. It means a grey market premium or GMP of Rs 6, which is 9.84% over its issue price, indicating lukewarm listing gains for investors.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
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.
How to check Dev Accelerator IPO allotment status — step-by-step
1) Check the registrar (KFin Technologies)
Open the registrar’s IPO-status page (KFin’s iPostStatus / KOSMIC IPO status).
In the Select IPO dropdown choose Dev Accelerator Limited.
Choose one of the ID options: Application No., Demat account (DP ID/Client ID) or PAN.
Enter the corresponding detail and the captcha, then click Submit / Search.
The page will show whether you’ve been Allotted (and how many shares) or Not Allotted.
Registrar portal instructions are the standard first check.
2) Check on BSE (exchange allotment page)
Go to BSE’s IPO allotment / application status page.
Select Issue Type = Equity and choose Dev Accelerator Ltd in the Issue Name dropdown.
Enter Application No. or PAN, complete captcha (“I am not a robot”) and click Search.
BSE will display allotment status.
Dev Accelerator Should You Subscribe?
Anand Rathi in its report:
At the upper end of the price band, the company is valued at 305x FY25 P/E and 3.5x P/S, with a post-issue market capitalization of ₹5,501
million. It has broadened its offerings to include HR, IT, and software
services through Saasjoy to strengthen client retention and address
evolving workplace and technology needs.
Additionally, via its associate Scaleax Advisory Private Limited, it helps GCCs build global teams in India by providing facility and payroll management, as well as recruitment solutions like talent sourcing, AI-based screening, and team augmentation. Considering these factors, the IPO is viewed as fully priced, warranting a “SUBSCRIBE – LONG TERM” recommendation.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
