Urban Company vs Dev Accelerator vs Shringar House: What IPO subscription numbers reveal

The Dev Accelerator IPO concluded on Friday after three days of bidding, with retail investors showing the strongest interest in the issue IPO wrap: The mainboard initial public offerings (IPOs) of Urban Company, Dev Accelerator, and Shringar House wrapped up after three days of bidding on Friday, September 12. All three issues were fully subscribed on their first day of opening, highlighting robust investor demand. Here’s a look at the three mainboard IPO details: Urban Company The Urban Company (formerly UrbanClap) IPO closed with a strong response, with QIBs stealing the show. The initial public offering was booked 103.69 times on the last day of bidding and had received 11,064,608,815 bids against 106,773,244 reserved shares. The initial share sale is looking to raise ₹1,900 crore by issuing 4.58 crore new equity shares worth ₹472 crore and an offer for sale of ₹1,428 crore. The price band has been kept in the range of ₹98 to ₹103 per share, and a lot includes 145 shares. • Qualified Institutional Buyers (QIBs): 140.20x • Non-institutional Investors: 74.04x • Retail Individual Investors (RIIs): 39.25x The issue was a mix of fresh issuance of shares aggregating to ₹472 crore and an offer for sale (OFS) of ₹1,428 crore, taking the total issue size to ₹1,900 crore. The application-based beauty and home services platform's shares will be listed on the stock exchanges on September 17. Also read: Upcoming IPOs next week: Euro Pratik Sales, VMS TMT, TechD Cybersecurity, 2 others issues to open; 11 listings scheduled; check list The basis of allotment of the Urban Company IPO is likely to be finalised on Monday, September 15. The details will be out on the portals of NSE, BSE and MUFG Intime India. Dev Accelerator The Dev Accelerator IPO concluded on Friday after three days of bidding, with retail investors showing the strongest interest in the issue. The issue is solely a fresh issuance of 2.35 crore shares aggregating to ₹143.35 crore. There is no offer for sale (OFS) component. The objectives of the issue are to utilise funds for capital expenditure for "fit-outs" in the new centres and their security deposits, debt clearance, and corporate general purposes, including strategic initiatives, brand-building exercises, strengthening marketing capabilities, and payment of lease liabilities. The initial public offering of Dev Accelerator was booked 63.97 times on the final day of bidding. It had received 84,101,9175 bids against 13,147,075 reserved shares. • Qualified Institutional Buyers (QIBs): 20.30x • Non-institutional Investors: 87.97x • Retail Individual Investors (RIIs): 164.72x Dev Accelerator (DevX), which is promoted by the listed company Dev Information Technology Ltd, has set a price band of ₹56 to ₹61 per share. The basis of allotment of the Dev Accelerator IPO is expected to be finalised on Monday, September 15, 2025. The details will be out on the websites of NSE, BSE and KFin Technologies. Shringar House of Mangalsutra Jewellery company Shringar House of Mangalsutra Ltd’s IPO saw robust investor interest from the very first day, with Qualified Institutional Buyers (QIBs) emerging as the dominant participants by the end of the offering. The initial share sale, with a price band of ₹155 to ₹165 per share, is a fresh issuance of 24,300,000 equity shares totalling ₹401 crore, with no offer for sale (OFS) component. Also read: VMS TMT IPO opens September 17: Check price band, lot size, objectives and key dates The IPO was oversubscribed 60.29 times, receiving 10,259,156,70 bids against 17,016,000 shares reserved. • Qualified Institutional Buyers (QIBs): 101.41x • Non-institutional Investors: 82.58x • Retail Individual Investors (RIIs): 27.22x The money generated will be used for general corporate purposes and working capital requirements. Shringar House of Mangalsutra IPO's basis of allotment is expected to be finalised on Monday, September 15, with details being available on NSE, BSE and MUFG Intime India. To add Upstox News as your preferred source on Google, click here.