Markets / IPO / Dev Accelerator

Dev Accelerator IPO

Updated 17:54

Mainboard IPO on NSE and BSE · Diversified Commercial Services

Status
Listed
Price band
₹56–61
Lot size
235 shares · ₹14,335
Subscribed
63.97×

How it listed

Issue price
₹61
Listing price (open)
₹61.00 0.00%
First-day close
₹64.05 +5.00%
Price now
₹40.49 -33.62%
Listing day17 Sept 2025
Open / high / low / close₹61.00 / ₹64.05 / ₹59.00 / ₹64.05
Shares traded on NSE61,68,175
Market value at the listing-day close₹606 cr

Closing prices since listing: 26 Oct ₹39.14, 27 Oct ₹42.17, 28 Oct ₹40.05, 29 Oct ₹40.55, 30 Oct ₹41.99, 2 Nov ₹43.32, 3 Nov ₹44.82, 4 Nov ₹45.03, 5 Nov ₹43.65, 6 Nov ₹40.57.

Dev Accelerator share price, live chart and technicals →

Key dates

Bidding opens10 Sept 2025
Bidding closes12 Sept 2025
Allotment15 Sept 2025
Refunds and shares in demat16 Sept 2025
Listing17 Sept 2025

Issue reservation

Investor groupShares% of issueMost applicants allotted
Institutions (QIB)69,01,95052.50%–
HNI / NII34,50,97526.25%–
  HNI, above ₹10 lakh23,00,65017.50%139
  HNI, ₹2–10 lakh11,50,3258.75%349
Retail23,00,65017.50%9,790
Employees1,64,5001.25%–
Shareholders3,29,0002.50%–

Shares NSE lists as offered to each group, plus the anchor portion. "Most applicants allotted" is how many people can get the minimum application in that group when it is oversubscribed.

Lot size by investor type

ApplicationLotsSharesAmount
Retail (minimum)1235₹14,335
Retail (maximum)133,055₹1,86,355
Small HNI (minimum)143,290₹2,00,690
Small HNI (maximum)6916,215₹9,89,115
Big HNI (minimum)7016,450₹10,03,450

At ₹61 a share. Retail bids go up to ₹2 lakh, small HNI from ₹2 lakh to ₹10 lakh, big HNI above ₹10 lakh.

Chance of getting shares (retail)

Chance
At least 1 in 165
Retail allotments available
9,790 × one lot
Retail portion subscribed
164.72×

An estimate from the times the retail portion was subscribed, as if every applicant bid for the minimum. Many bid for more lots, so the real chance is usually better. Winners are picked by lottery and each gets the minimum (one lot).

Subscription

Investor categoryShares offeredShares bid forTimes subscribed
Institutions (QIB)69,01,95014,01,34,96520.30×
HNI / NII34,50,97530,35,78,87587.97×
  HNI, above ₹10 lakh23,00,65018,16,20,69078.94×
  HNI, ₹2–10 lakh11,50,32512,19,58,185106.02×
Retail23,00,65037,89,52,540164.72×
Employees1,64,50028,97,31517.61×
Shareholders3,29,0001,54,55,48046.98×
Total1,31,47,07584,10,19,17563.97×

NSE and BSE bids together, as of 12 Sept 2025 19:00.

Demand at each price

Top price ₹615,186.86 lakh shares61.6%
Cut-off final price, whatever it is; mostly retail3,218.18 lakh shares38.2%
Lower prices ₹56–6013.81 lakh shares0.2%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date9 Sept 2025
Lock-in ends for the first 50% (30 days)14 Oct 2025
Lock-in ends for the remaining 50% (90 days)13 Dec 2025

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

At issue priceNow
Market value₹577 cr₹383 cr
P/E (last 12 months' profit)41.527.5
Revenue, last 12 months₹252 cr
Profit, last 12 months₹14 cr
Return on equity6.4%
Debt to equity1.03

From results the company filed with NSE (latest period to 30 Sept 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

Other recent IPOs: Diversified Commercial Services

CompanyListedSubscribedOn listingSince IPO
Elevate Campuses 30 Sept1.79×-1.91%-22.86%
Coreintegra Consulting Services SME30 Sept–+0.13%+36.35%
Rentomojo 17 Sept72.88×+19.42%+43.40%
Propshop Events and Exhibitions SME3 Aug–-20.00%-0.36%
Armour Security (India). SME22 Jan–-20.00%-54.39%
Dhara Rail Projects SME31 Dec–+19.05%+6.31%
Clear Secured Services SME8 Dec–-9.85%-47.16%
WeWork India Management 10 Oct1.15×+0.31%+5.19%

IPO details

Price band₹56–61
Final issue price₹61
Lot size235 shares
Minimum investment₹14,335 (1 lot)
MarketNSE mainboard
Issue type100% Book Building
Face value₹10 per Equity Share
IndustryDiversified Commercial Services
Issue size₹143.35 crore (about 2.35 crore shares) · Fresh issue only
ISININE0VOV01021
RegistrarKFIN Technologies Limited
Helpline: 67162222, 18003094001, dal.ipo@kfintech.com
Lead managersPantomath Capital Advisors Private Limited
ProspectusRed herring prospectus (NSE)

Check allotment status

Allotment was finalised on 15 Sept 2025. Check it on the registrar's page (KFIN Technologies Limited), NSE or BSE with your PAN or application number.

← All IPOs: open, upcoming and recently listed

From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the Dev Accelerator IPO price band and lot size?

The price band is ₹56–61 per share, and one lot is 235 shares (₹14,335 at the upper price).

When is the Dev Accelerator IPO allotment date?

Allotment was finalised on 15 Sept 2025, the next working day after bidding closed on 12 Sept 2025.

How many times was the Dev Accelerator IPO subscribed?

In total 63.97 times, on NSE and BSE together; retail 164.72 times.

What is the Dev Accelerator IPO listing date?

It listed on 17 Sept 2025 on NSE and BSE.

What is the chance of getting Dev Accelerator IPO shares?

At least 1 in 165 retail applicants got the minimum lot: 9,790 retail allotments with the retail portion subscribed 164.72 times. Winners are picked by lottery.

When does the Dev Accelerator anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 14 Oct 2025 and the 90-day lock-in on the rest ends on 13 Dec 2025; they can sell from the next trading day.

What was the Dev Accelerator listing gain?

It opened at ₹61.00 against an issue price of ₹61, a gain of 0.00%. It is now down 33.62% from the issue price.