Dev Accelerator’s IPO share allotment was finalised on September 15, 2025, following a highly oversubscribed issue that drew robust investor demand across categories. Investors can now check their allocation status on multiple official platforms ahead of the expected listing on September 17. The IPO continues to trade at a grey market premium (GMP) of ₹8, indicating strong listing gains. This report provides details on the allotment process, subscription statistics, how to check share allocation, and the latest GMP trends.
Strong Subscription Overshadows IPO
- Dev Accelerator’s fresh issue of 2.35 crore shares valued at ₹143.35 crore was subscribed 63.97 times overall.
- Retail investors led the demand with a staggering 164.72 times subscription.
- Non-institutional investors (NIIs) and qualified institutional buyers (QIBs) oversubscribed their quotas 87.97 and 20.30 times, respectively.
How to Check Dev Accelerator IPO Allotment Status
Investors can verify their share allotment through the following channels:
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Kfin Technologies Ltd (Registrar Website)
- Visit the official Kfin allotment status portal.
- Select “Dev Accelerator IPO” from the dropdown menu.
- Enter the application number, Demat account number, or PAN along with the captcha.
- Submit to view the allotment status.
- Bombay Stock Exchange (BSE) Website
- Go to BSE’s IPO allotment page.
- Choose ‘Equity’ and select ‘Dev Accelerator Limited.’
- Enter your application number or PAN.
- Search to view the status.
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National Stock Exchange (NSE) Website
- Access the NSE IPO status check page.
- Enter IPO application or PAN details and submit to check.
Grey Market Premium and Listing Outlook
- The Dev Accelerator IPO is trading at a GMP of ₹8 per share.
- With the IPO price band capped at ₹61, the estimated listing price is about ₹69 per share.
- This suggests a potential listing gain of approximately 13.11%.
- Share allotments will be credited to investors’ Demat accounts on September 16, and refunds for unsuccessful applicants will begin the same day.
- The official listing date is September 17, 2025, on both BSE and NSE.
Company Background and Use of Proceeds
- Dev Accelerator operates under the DevX brand and offers flexible workspace solutions across 15 locations in major Indian cities, including Delhi-NCR, Hyderabad, Mumbai, and Pune.
- The company has recorded significant financial growth with FY2025 revenue climbing 47% year-on-year to ₹158.9 crore and profit rising over 300% to ₹1.7 crore.
- Funds raised from this IPO will be used to repay borrowings, fund capital expenditure for centre fit-outs, and for general corporate purposes.
The FlexInsights Take
Dev Accelerator’s IPO subscription and grey market premium reveal investor confidence in the rising flexible workspace sector. The successful oversubscription, led by retail investors, underscores the growing demand for adaptable office solutions. The listing premium signals positive market sentiment, making this IPO a noteworthy entry for investors seeking exposure to the Indian coworking space market growth story.
