About Dev Accelerator IPO
Dev Accelerator, operating under the brand name DevX, is a leading provider of flexible co-working and managed office spaces in India. The company launched its Initial Public Offering (IPO) to raise funds for expansion and infrastructure development.
IPO Name
The IPO is titled “Dev Accelerator Limited IPO”.
IPO Price Band and Lot Size
The IPO was offered at a price band of ₹56 to ₹61 per share. The lot size for retail investors was 235 shares, translating to a minimum investment of ₹14,335 at the upper price band.
IPO Event Listing Date
The shares of Dev Accelerator are scheduled to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on September 17, 2025.
Grey Market Premium (GMP)
As of the latest updates, the Grey Market Premium (GMP) for Dev Accelerator shares is ₹8, indicating a positive sentiment among investors and an anticipated listing at a premium.
Corporate Events and Listings
The IPO subscription period commenced on September 10, 2025, and concluded on September 12, 2025. The allotment process is expected to be finalized on September 15, 2025, with refunds and credit to demat accounts scheduled for September 16, 2025.
Dividend
Details regarding dividends will be disclosed by the company post-listing, based on its financial performance and board decisions.
Bonus
Currently, there are no announcements regarding bonus issues. Investors should stay tuned for any future corporate actions.
Stock Price
The issue price for the IPO ranged between ₹56 and ₹61 per share. The final listing price will depend on market conditions and investor demand.
Multibagger Potential
While the GMP indicates positive investor sentiment, it’s essential to approach the stock with caution. The company’s performance post-listing will determine its potential as a multibagger stock.
Steps to Check IPO Allotment Status
Investors can check their IPO allotment status through the following platforms:
- KFin Technologies: Enter your PAN or application number to view the status.
- BSE India: Select ‘Equity’ as the issue type and ‘Dev Accelerator Limited’ as the issue name.
- NSE India: Choose ‘Equity & SME IPO bid details’ and select ‘Dev Accelerator Limited’.
FAQs
Q1: How can I check my Dev Accelerator IPO allotment status?
A: You can check your allotment status online via KFin Technologies by entering your PAN or application number. Alternatively, it can also be checked on the BSE and NSE websites.
Q2: When will the Dev Accelerator IPO be listed on stock exchanges?
A: The IPO is scheduled to be listed on both BSE and NSE on September 17, 2025.
Q3: What is the Grey Market Premium (GMP) for Dev Accelerator IPO?
A: The latest Grey Market Premium (GMP) for Dev Accelerator IPO shares is ₹8, indicating positive investor sentiment before listing.
Disclaimer
The information provided here is based on publicly available sources and is for informational purposes only. Investors are advised to conduct their own research and consult with financial advisors before making any investment decisions.
