Dev Accelerator IPO: The excitement around the upcoming IPO season just got bigger with Dev Accelerator making headlines. Ahead of its much awaited public issue, the company has successfully raised Rs63 crore from anchor investors, setting a confident tone for its market debut. With subscription opening on September 10, 2025, this IPO has already begun drawing the attention of both institutional and retail investors.
The company informed the exchanges that it allocated 10,352,925 equity shares of Rs2 each to anchor investors at an issue price of Rs61 per share, including a premium of Rs59. What makes this allocation significant is the presence of a well diversified anchor book. Big names such as Universal Sompo General Insurance Company Limited, Chhattisgarh Investments Limited, Abans Finance Private Limited, domestic AIFs, and FPIs have shown strong faith in the company, further boosting investor confidence ahead of the public offering.
IPO Details That Matter to Investors
The Dev Accelerator IPO will open for subscription on September 10, 2025 and close on September 12, 2025. The price band has been fixed between Rs56 and Rs61 per share, giving investors a fair entry point. The total issue size stands at Rs143 crore at the upper price band, with allocations designed to balance demand across categories.
The issue will see 75% reserved for Qualified Institutional Buyers (QIBs), 15% for Non Institutional Investors (NIIs), and 10% for Retail Individual Investors (RIIs). Employees and existing shareholders also have a reserved quota, ensuring a wider participation base. The IPO is being managed by Pantomath Capital Advisors Private Limited, which is acting as the sole book-running lead manager.
Tentatively, the company’s equity shares are scheduled to list on both BSE and NSE on September 17, 2025, giving early investors clarity on their potential exit or holding strategy.
About Dev Accelerator
Dev Accelerator has carved a strong niche for itself in the flexible workspace industry. From single desks to fully customized office solutions, the company positions itself as a one-stop solution provider for modern workspace requirements. What sets it apart is its strong presence in Tier 2 markets, where it has emerged as one of the largest operators in terms of flex space stock.
By addressing the growing demand for agile and scalable workspaces, Dev Accelerator has become a go-to name for businesses seeking flexibility without compromising on infrastructure. With India’s workspace needs rapidly evolving, the company is looking to leverage its IPO to further expand operations and strengthen its market presence.
Why This IPO Is Generating Buzz
The combination of a solid anchor investor base, reasonable price band, and growth potential in the flex space segment makes this IPO stand out. For retail investors, the entry lot of 235 shares makes it accessible, while for institutions, the long-term growth story of flexible workspace demand adds strong appeal.
As we move closer to the subscription opening date, Dev Accelerator’s IPO is being watched as one of the more exciting listings of the year.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Investors are strongly encouraged to consult with certified financial advisors before making any investment decisions.
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