Dev Accelerator IPO GMP: Issue Booked Over 63x So Far On Final Day

The Rs 143.35-crore initial public offering (IPO) of Dev Accelerator has been subscribed over 63 times the shares on offer by the final day of the bidding, September 12, 2025.

As of 4:12 PM, the qualified institutional buyer (QIB) quota saw 20.30 times subscription, the non-institutional investor (NII) category received 87.82 times bidding, and the retail investor portion was booked 159.35 times so far. Employee quota was booked 16.76 times and the shareholder quota so far received 46.21 subscription.

Dev Accelerator IPO GMP Today

According to several websites that track grey market premiums (GMPs) of unlisted shares of IPO-bound companies, Dev Accelerator IPO is commanding a GMP of Rs 10 over the issue price. The public issue is being offered at Rs 56-61 per share. At the upper price band, the expected listing share price of Dev Accelerator IPO comes at Rs 71 per share, a premium of 16.39 per cent.

Dev Accelerator IPO GMP has surged from Rs 9 on September 10 to Rs 10 on September 12, 2025, a jump of 11.11 per cent.

Dev Accelerator IPO Key Details

Dev Accelerator IPO is a book-built issue of Rs 143.35 crore, entirely consisting of 23.50 million equity shares. The issue is being offered in lots of 235 shares, translating into a minimum investment of Rs 14,335 for retail investors. The company will finalise the basis of allotment on September 15, and list its shares on the bourses on September 17.

Pantomath Capital Advisors is the book-running lead manager to the issue and Kfin Technologies is acting as the registrar.

Of the total issue size, 73.43 per cent is reserved for QIBs, 14.69 per cent for NIIs, 9.79 per cent for retail investors, 0.70 per cent for employees, and 1.40 per cent for shareholders of the parent company, Dev Information Technology.

Dev Accelerator IPO Anchor Investors

Ahead of the opening of the bidding window, Dev Accelerator raised Rs 63.15 crore from anchor investors by allocating 10,352,925 equity shares at Rs 61 per share.

A total of 11 investors participated in the anchor round, including Finavenue Capital Trust with an investment of Rs 10 crore, Sunrise Investment Opportunities Fund with an investment of Rs 7.15 crore, and VPK Global Ventures Fund - Scheme 1 with an investment of Rs 6 crore.