Dev Accelerator IPO day 3: Issue booked 64 times; check allotment date and steps

Dev Accelerator IPO: 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. Dev Accelerator IPO ended on Friday, September 12, amid a strong response from investors. After the bidding stage, the basis of allotment will occur. 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. 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. A lot consists of 235 shares. Dev Accelerator IPO day 3: Subscription status The offer has secured bids for 84,10,19,175 shares compared to 1,31,47,075 shares on offer, translating to a 63.97 times subscription on Friday, September 12, the final day of bidding. | Category | Subscription Status | |-----------------------------|----------------------| | Qualified Institutional Buyers (QIBs) | 20.30 times | | Non-Institutional Investors | 87.97 times | | Retail Investors | 164.72 times | | Total | 63.97 times | Dev Accelerator is an office space solutions provider. The capital infusion will allow the company to expand its footprint in major cities, including Mumbai, Noida, Gurugram, Pune, GIFT City, Ahmedabad, Chennai, Rajkot, Surat, Vadodara, Goa, and Jaipur. Dev Accelerator IPO allotment date 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. BUZZING | Urban Company IPO day 3: Check live subscription status, allotment date and steps How to check Dev Accelerator IPO allotment on NSE Go to the allotment page of NSE at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids Click on ‘Equity & SME IPO bid details’ Pick ‘Dev Accelerator’ under the symbol ‘DEVX’ Mention your PAN as well as application number Click on the 'Submit' button Steps to check Dev Accelerator IPO allotment on BSE Visit this URL: https://bseindia.com/investors/appli\_check.aspx The issue type should be kept as 'Equity' Pick ‘Dev Accelerator Ltd’ from the 'Issue Name' section Add PAN or IPO application number Press the 'Search' button Dev Accelerator IPO allotment on KFin Technologies; step-by-step guide Go to registrar KFin Technologies' portal: https://ipostatus.kfintech.com/ In the ‘Select IPO’ section, select ‘Dev Accelerator Ltd’ Identify yourself using your PAN, IPO application number, or Demat account number. Click on ‘Submit’ Dev Accelerator IPO GMP According to investorgain.com and media reports, unlisted shares of Dev Accelerator are trading at ₹71 per share, reflecting a grey market premium, or GMP, of 16.39% 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.