The excitement around Dev Accelerator Ltd’s initial public offering has reached its final stage, with the allotment status expected to be finalized today, September 15, 2025. Following a robust subscription period that closed on September 12, the Ahmedabad-based workspace solutions provider is now preparing for its listing on the BSE and NSE, scheduled for September 17. With a strong grey market premium and overwhelming retail interest, the IPO has emerged as one of the most talked-about public issues of the month.
Dev Accelerator, also known as DevX, offers flexible office spaces across 15 centers in major Indian cities. The IPO was entirely a fresh issue of 2.35 crore equity shares, priced between Rs 56 and Rs 61 per share, raising Rs 143.35 crore.
Key highlights from the Dev Accelerator IPO
- Allotment status expected to be finalized on September 15
- IPO listing date confirmed for September 17 on BSE and NSE
- Grey market premium stands at Rs 8 per share, indicating a listing price of Rs 69
- Total subscription reached 63.97 times, with retail category oversubscribed 164.72 times
- Refunds and credit of shares to demat accounts scheduled for September 16
- Registrar for the IPO is Kfin Technologies; lead manager is Pantomath Capital Advisors
Subscription breakdown and investor response
The Dev Accelerator IPO witnessed an overwhelming response across all investor categories:
- Retail investors: 164.72 times
- Non-institutional investors (NIIs): 87.97 times
- Qualified institutional buyers (QIBs): 20.30 times
The issue attracted nearly 14.87 lakh applications, with bids amounting to Rs 5,130 crore, excluding anchor investments. The high demand, particularly from retail investors, has significantly lowered the odds of allotment. Based on current estimates, only 2 out of every 277 retail applicants may receive a lot of 235 shares, reflecting a probability of just 0.85 percent.
Grey market premium and expected listing price
The grey market premium (GMP) for Dev Accelerator IPO currently stands at Rs 8 per share. This suggests an estimated listing price of Rs 69, which is approximately 13.11 percent higher than the upper issue price of Rs 61. While the GMP has seen minor corrections from Rs 10 earlier in the week, investor sentiment remains optimistic about listing-day gains.
How to check Dev Accelerator IPO allotment status online
Investors can check their allotment status through multiple platforms:
1. Kfin Technologies (Registrar)
- Visit the IPO allotment portal at kosmic.kfintech.com/ipostatus
- Select Dev Accelerator Limited from the dropdown
- Choose Application Number, PAN, or Demat Account
- Enter the required details and captcha
- Click Submit to view status
2. Bombay Stock Exchange (BSE)
- Go to the BSE IPO allotment page
- Select Equity under Issue Type
- Choose Dev Accelerator Limited under Issue Name
- Enter Application Number and PAN
- Complete captcha and click Search
3. National Stock Exchange (NSE)
- Visit the NSE IPO verification page
- Select Equity and SME IPO bids
- Choose Dev Accelerator Limited
- Enter PAN and Application Number
- Click Submit to check status
Next steps for investors
Successful applicants will see shares credited to their demat accounts by September 16. Refunds for unsuccessful bidders will also be initiated the same day. Investors can monitor their bank accounts and trading platforms for updates. On listing day, September 17, shares will be available for trading on both BSE and NSE.
Mixing momentum with market optimism
Dev Accelerator’s IPO journey reflects the growing appetite for tech-enabled infrastructure plays in India’s public markets. With strong fundamentals, aggressive expansion plans, and a promising GMP, the company’s debut is being closely watched by institutional and retail investors alike. As allotment results roll out today, the stage is set for a dynamic listing week.
Sources: MSN India, Livemint, IPOwiz, Groww, Hindustan Times
