Dev Accelerator Share Price, Company Overview & IPO Details
Dev Accelerator, a leading provider of flexible workspace solutions, made a flat market debut on September 17, 2025. The Dev Accelerator share price listed at Rs 61 on the NSE and Rs 61.30 on the BSE, mirroring its IPO issue price of Rs 61. Despite a muted listing, the stock gained nearly 5% in early trade, indicating some post-listing buying interest.
About Dev Accelerator Ltd.
Founded in 2017 and promoted by Dev Information Technology Ltd., Dev Accelerator is a prominent operator of managed and flexible office spaces in India. The company offers a diverse range of workspace solutions, including:
Dev Accelerator has a strong presence in both Tier 1 and Tier 2 cities, with 28 centers across 11 cities as of May 2025. The company manages over 8.6 lakh square feet of space with more than 14,000 seats, serving over 250 clients.
Dev Accelerator IPO & Listing Performance (September 2025)
Dev Accelerator's IPO, which ran from September 10 to September 12, 2025, was met with a strong investor response, with an overall subscription of 64 times. The retail portion was particularly oversubscribed at 164.89 times.
Despite the strong subscription and a grey market premium (GMP) that suggested a listing gain of around 10-13%, the stock had a flat debut. This could be attributed to various market factors and valuation concerns among some analysts.
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Listing Price (NSE): Rs 61.00 (Flat)
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Listing Price (BSE): Rs 61.30 (0.49% premium)
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IPO Price Band: Rs 56 – Rs 61 per share
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Issue Size: Rs 143.35 crore (entirely a fresh issue)
Financial Highlights
Dev Accelerator has shown robust financial growth. For the fiscal year ending March 31, 2025, the company reported:
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Revenue: Rs 178.89 crore, a 62% increase from the previous year.
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Profit After Tax (PAT): Rs 1.74 crore, a significant jump from Rs 0.43 crore in FY24.
Use of IPO Proceeds
The net proceeds from the fresh issue are intended to be used for:
What You Can Find on This Company Page
This page is your complete resource for all information related to Dev Accelerator Ltd. Here’s what you can access:
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Live Dev Accelerator Share Price: Track real-time price movements and analyse historical performance with charts.
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IPO and Listing Details: Get all the information about the IPO, including the price band, subscription details, and listing day performance.
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In-Depth Financial Analysis: Access detailed financial statements and key ratios.
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Shareholding Pattern: Get a clear picture of the company's ownership structure.
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Latest News and Corporate Actions: Stay informed about the latest company announcements and other market-moving news.
Frequently Asked Questions (FAQs) about Dev Accelerator Share Price
Q1: What was the listing price of Dev Accelerator?
The shares listed flat at Rs 61 on the NSE and Rs 61.30 on the BSE, against the IPO price of Rs 61.
Q2: How was the investor response to the Dev Accelerator IPO?
The IPO was heavily oversubscribed at 64 times, with particularly strong interest from retail investors.
Q3: What does Dev Accelerator do?
It is a leading provider of flexible workspace solutions, including managed offices and co-working spaces, with a strong presence in Tier 1 and Tier 2 cities in India.
Q4: Why was the listing muted despite strong subscription?
The flat listing, which missed GMP estimates, could be due to a variety of market factors and potential valuation concerns among investors, despite the high subscription numbers.