Dev Accelerator IPO Allotment Status: Check Latest GMP, Steps to Verify Status

The allotment process for the Dev Accelerator IPO is expected to be finalised on September 15, 2025, and the company’s shares will be listed on both BSE and NSE. The tentative listing date is fixed as September 17, 2025.

Procedure to Check Dev Accelerator IPO Allotment Status Online On NSE

• Visit the NSE’s IPO allotment verification status page here. 
• Select “Equity & SME IPO bid details”.
• In Select Symbol, select “Dev Accelerator”.
• Enter your PAN No. and application No. 
• Click “Submit”.

Procedure to Check Dev Accelerator IPO Allotment Status Online On BSE

• Click here to visit the application status page. 
• In Issue Type, “Equity”.
• In Issue Name, select “Dev Accelerator”.
• Enter your “Application No.” or “PAN No.”
• Click on “I am not a robot”.
• Click “Submit”.

Procedure to Check Dev Accelerator IPO Allotment Status on Kfin Technologies (Registrar to the issue)

• Visit the Kfin Technologies IPO allotment status page here. 
• Click on any of the links. 
• In Select IPO, select “Dev Accelerator”.
• Enter any of the following details. 
• • PAN
  • App. No.
  • Demat Account
• Enter the captcha and click “Submit”.

Dev Accelerator IPO Overall Subscription Status 

[September 12, 2025,  end of the day]

On Day 3, the Dev Accelerator IPO saw a subscription of 64.00 times. The public issue was overall subscribed 164.89 times in the retail category, 20.30 times in QIB (Ex Anchor), and 87.97 times in the NII category.

Also Read: Dev Accelerator IPO Day 1 Subscription Status 

Dev Accelerator IPO Day 2 Subscription Status

Dev Accelerator Ltd- IPO Details

Dev Accelerator IPO is a bookbuilding of ₹143.35 crores. The issue is entirely a fresh issue of 2.35 crore shares. The issue price band is set at ₹56 to ₹61 per share.

The minimum lot size for an application is 235, and the minimum investment amount required by a retail investor is ₹14,335 (235 shares) based on the upper price. 

Pantomath Capital Advisors Pvt. Ltd. is the book running lead manager, and Kfin Technologies Ltd. is the registrar of the issue.

Click here to check out recently closed IPOs.

Utilisation of Proceeds

The Company will utilise the net proceeds from the issue for the following purposes:

• Capital expenditure for fit-outs in the new Centres and for security deposits of the new Centres.
• Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company, including redemption of NCDs.
• General Corporate purposes.

Explore other Upcoming IPOs on BSE and NSE.

Dev Accelerator Ltd - GMP Details

According to InvestorGain, the Grey Market Potential (GMP) of Dev Accelerator Ltd stood at ₹8 as of September 15, 06:55 a.m. The estimated listing price is expected to be ₹69 based on the upper price band of ₹61. The expected percentage gain per share is 13.11%.

About Dev Accelerator Ltd

Dev Accelerator Ltd, incorporated in 2017 and promoted by Dev Information Technology Ltd, is one of India’s leading managed office space providers. The company offers a range of flexible workspace solutions, including managed offices, co-working spaces, and design & build services through its subsidiary Needle and Thread Designs LLP. It also extends allied services like payroll, IT/ITeS and facilities management via Saasjoy Solutions Pvt. Ltd.

As of May 2025, the company operates 28 centres across 11 Indian cities, managing more than 8.6 lakh sq. ft. of space with over 14,000 seats, and serving more than 250 clients. On the financial front, the company has shown strong growth with revenues rising from ₹30.9 crore in FY22 to ₹158.9 crore in FY25, while turning profitable with a Profit After Tax (PAT) of ₹1.7 crore in FY25.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

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