Dev Accelerator Share Price Lists Flat on Stock Market Today at ₹61

Market Performance

Dev Accelerator share price made its market debut on September 17, 2025.

• On the NSE, the stock opened at ₹61 per share, matching the issue price.
• On the BSE, it listed at ₹61.30, a marginal 0.5% uptick over the issue price.

The listing reflected a stable but muted start for the newly listed company.

Main News

Despite strong interest during the IPO bidding, Dev Accelerator’s listing day performance was restrained. The counter did not witness the sharp jump that investors often expect in high-demand issues. Still, the IPO data showed how the company had captured attention across all investor categories.

Company Details & IPO Highlights

Dev Accelerator successfully completed its Initial Public Offering earlier this month.

• IPO Opened: September 10, 2025
• Closed: September 12, 2025
• Allotment Date: September 15, 2025
• Issue Size: ₹143.35 crore (entirely fresh issue, no OFS)
• Equity Shares Offered: 2.35 crore
• Lot Size: 235 shares
• Minimum Investment (Retail): ₹14,335 at the upper price band

Strong Subscription Numbers

Investor response was overwhelming, with retail investors taking the lead:

• Retail Investors: 164.72 times subscribed
• Non-Institutional Investors (NII): 87.97 times
• Qualified Institutional Buyers (QIBs): 20.30 times
• Overall Subscription: 63.97 times (as per BSE data)

The company also raised ₹63.15 crore from anchor investors on September 9, prior to the IPO opening.

Use of Funds

The company has earmarked the proceeds of the IPO for:

• Setting up fit-outs at new centres
• Paying security deposits for upcoming facilities
• Debt repayment
• General corporate purposes, including branding, marketing, and lease obligations

About Dev Accelerator

Founded in 2017, Dev Accelerator (DevX) has carved out a position in India’s flexible office space market. It operates 15 centres across major cities and business hubs, including:

• Delhi-NCR
• Hyderabad
• Mumbai
• Pune

The company’s model focuses on offering adaptable office solutions designed for modern enterprises. Services include:

• Private suites
• Customizable desks
• Flexible leasing structures

As hybrid and remote work models continue to shape demand, DevX has positioned itself to benefit from the evolving workspace trends in India.

Summary

• Dev Accelerator share price opened flat at ₹61 on NSE.
• On BSE, it began trading slightly higher at ₹61.30.
• IPO raised ₹143.35 crore via fresh issue of 2.35 crore shares.
• Retail investors subscribed the issue 164.72 times, showcasing strong interest.
• Funds will support expansion, debt repayment, and brand-building efforts.

While the market debut was subdued, the strong subscription and fundraising success signal long-term growth potential for Dev Accelerator in the coworking space sector.