Dev Accelerator IPO Hits 5.34x Oversubscription on Day 1 – Retail Investors Go Crazy!

The Dev Accelerator IPO got a strong response on its first day. Investors applied for 7.02 crore shares, while only 1.31 crore shares were on offer, making it 5.34 times oversubscribed.

Investor Interest:

• Retail investors: 19.6 times
• Non-institutional investors: 4.46 times
• Qualified institutional buyers: 1.16 times

IPO Details:

• Amount to be raised: ₹143 crore
• Shares offered: 2.35 crore (fresh issue)
• Price band: ₹56–₹61 per share
• Lot size: 235 shares (₹14,335 minimum for retail)
• Allotment date: September 12, 2025
• Listing date (tentative): September 17, 2025 on NSE & BSE

Grey Market Premium:

• GMP is ₹11 per share, suggesting the listing price may be around ₹72, about 18% higher than the issue price.