Dev Accelerator IPO GMP Today: Subscription Status, Review and Key Details
The month of September is always exciting for stock market investors, and this time all eyes are on Dev Accelerator IPO GMP. The first day of an IPO is always a strong indicator to understand investor sentiment, and this is why people are keenly focusing on the Grey Market Premium (GMP), subscription numbers, and brokerage reviews of this IPO. According to market buzz, the GMP of Dev Accelerator IPO on opening day has slipped slightly to ₹ 9, which gives a mixed signal.
Dev Accelerator IPO GMP and Opening Day Performance
Today, the most discussed topic is Dev Accelerator IPO GMP. Grey Market Premium is a mirror of investor sentiment, which reflects how much people are willing to pay over the issue price. According to reports, GMP was slightly higher earlier, but on the very first day it slipped to ₹9. If the upper end of the IPO price band is taken as ₹61, then the estimated listing price could be around ₹70, which is a premium of around 14.75%. This is a positive signal, but considering the volatility of GMP, taking a decision on this basis alone can be risky.
Dev Accelerator IPO Subscription Status: Big Demand for Retail Investors
The subscription status of the IPO was also quite interesting. By 10:30 am on the first day, the IPO had been subscribed 0.94 times. The biggest thing was that the response of retail investors was tremendous, as the retail portion got oversubscribed 1.89 times. There was a demand of 0.36 times from Non Institutional Investors (NII) and 0.95 times from Qualified Institutional Buyers (QIBs). This clearly shows that interest from retail investors is high, which creates a strong support for a short-term listing.
Company Profile: What does Dev Accelerator do?
It is important to understand the business of the company before making an investment decision. Dev Accelerator is a workspace solutions provider that provides everything from individual desks to customized office setups. It provides not only office space but also complete solutions for design, development, technology and asset management. It is currently operating in Tier 1 and Tier 2 markets like Delhi NCR, Hyderabad, Mumbai, Pune, Ahmedabad, Gandhinagar, Indore, Jaipur, Udaipur, Rajkot and Vadodara.
As of May 31, 2025, Dev Accelerator has 28 centres across 11 cities, where it manages 14,144 seats with a supervised area of more than 8.6 lakh square feet. Currently, it is serving more than 250 clients, which shows its strong operational base.
Brokerage Firms Review: Subscribe or Avoid?
Market experts have given their recommendations on this IPO. Anand Rathi has given it a “Subscribe for Long-Term” rating, as the valuation seems a little fully priced. At the upper end of the price band, the company is valued at 305x FY25 P/E and 3.5x P/S. But the company has expanded its offerings to HR, IT and SaaS services, addressing both client retention and technology needs.
On the other hand, Reliance Securities also recommends “Subscribe”. They say that Dev Accelerator has become a strong leader in Tier-2 markets and has considerable potential for long-term growth with Tier-1 expansion plus overseas foray. Its multi-model approach and revenue-ROCE improvement are also positive signs.
Dev Accelerator IPO Details: Lot Size, Price Band and Allotment
The IPO is a fresh issue of 2.35 crore equity shares. The price has been locked at ₹56–₹61 per share. The minimum lot size for retail investors is 235 shares, which means a minimum investment of ₹14,335. Small Non-Institutional Investors (sNIIs) require 14 lots (₹2,00,690) and large NIIs require 70 lots (₹10,03,450).
The IPO money will primarily be used for fit-outs of new centres, security deposits, repayment of certain borrowings and general corporate purposes. The allotment date has been fixed as 15 September 2025 and listing is expected on 17 September on both BSE and NSE. The book-running lead manager is Pantomath Capital Advisors and the registrar is Kfin Technologies Ltd.
Dev Accelerator IPO GMP Today: Final Outlook
Considering the current market sentiment, Dev Accelerator IPO GMP slipping to ₹9 is a cautious signal, but retail participation and brokerage’s “Subscribe” recommendations give a positive edge to this IPO. There is a chance of listing premium, but considering the long-term potential, this IPO seems more suitable for those investors who have patience.
One thing should always be remembered that GMP gives a short-term outlook, but the real value lies in the fundamentals and growth potential of the company. If you are a retail investor, it will be right to take the final decision only after looking at your risk appetite and investment horizon.
Disclaimer:
This article is written for informational purposes only. The views and analysis given in it are based on market reports and publicly available data. This is not an investment advice of any kind. It is important to consult your financial advisor before investing in an IPO.
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