Dev Accelerator IPO subscribed 5.33 times on day 1: Check price band, lot size, key dates and more

Dev Accelerator IPO is purely a fresh issue of 23,500,000 equity shares aggregating to ₹143 crore. The capital raised will be used for "fit-outs" in the new centres and their security deposits, corporate general purposes and debt repayment. Dev Accelerator IPO: The initial share sale of Dev Accelerator Ltd hit the primary market on Wednesday, September 10, along with two other mainboard IPOs of Urban Company and Shringar House of Mangalsutra. The initial public offering, with a price band of ₹56 to ₹61 per share, will conclude on Friday, September 12. The company's IPO is purely a fresh issue of 23,500,000 equity shares aggregating to ₹143 crore. The capital raised will be used for "fit-outs" in the new centres and their security deposits, corporate general purposes and debt repayment. Dev Accelerator IPO day 1 live: Subscription details | Category | Subscription Status (as of 3:52 pm) | |-----------------------------|----------------------| | Qualified Institutional Buyers (QIBs) | 1.16 times | | Non-Institutional Investors | 4.46 times | | Retail Investors | 19.53 times | | Total | 5.33 times | Before the IPO, Dev Accelerator garnered ₹63 crore from anchor investors, including Universal Sompo General Insurance Company Ltd, Abans Finance, Sunrise Investment Opportunities Fund, Finavenue Capital Trust, Chattisgrah Investments Ltd, SB Opportunities Fund II, Shine Star Build Cap, Meru Investment Fund PCC and Vbcube Ventures Fund. Dev Accelerator IPO lot size An application size consists of 235 shares. | Investor Category | Shares offered of the issue | |------------------------|-------------------------------| | QIBs | Not less than 75% | | Retail investors | Not more than 10% | | NIIs | Not more than 15% | Urban Company IPO opens: Live subscription status and 10 key things to know from RHP Dev Accelerator IPO timeline: Allotment and listing dates | Event | Date | |-------------------|--------------------| | Subscription period | September 10 to September 12 | | Basis of allotment | September 15 | | Initiation of Refunds | September 16 | | Credit of Shares to Demat | September 16 | | Listing date | September 17 | Dev Accelerator, a flexible space operator, provides comprehensive office space solutions. It majorly focuses on serving large corporations by offering managed office solutions with average lease tenures in the range of 5 to 9 years. Shringar House of Mangalsutra IPO day 1: Live subscription status, price band, lot size, and all you need to know Dev Accelerator IPO GMP According to investorgain.com and media reports, Dev Accelerator' unlisted shares are trading at ₹70 per share, reflecting a grey market premium, or GMP, of 14.75% over the upper price band of ₹61. Disclaimer: Grey Market Premium, or GMP, is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox neither supports nor encourages grey market trading. Investors are advised to conduct their own research or consult an expert before making any investment decisions. To learn more about IPOs, their listings, schedules, and upcoming IPOs, visit our page. To add Upstox News as your preferred source on Google, click here.