Dev Accelerator Limited, or DevX as it is popularly known, has recently been at the center of attention with its listing through an initial public offering (IPO) in September 2025. The firm, which deals in flexible workspace and managed office space, has consistently grown its business in India, serving the increasing demand for coworking and tailored office solutions. Its IPO drew significant investor attention, rendering it one of the most batted-about public issues of the season.
Dev Accelerator Ltd – GMP Details
The Grey Market Potential (GMP) of Dev Accelerator Ltd stood at ₹10 as of September 14, 08:36 a.m. The estimated listing price is expected to be ₹71 based on the upper price band of ₹61. The expected percentage gain per share is 16.39%.
| Parameter | Details |
|---|---|
| Company Name | Dev Accelerator Ltd (DevX) |
| Industry / Business | Flexible & managed office spaces, coworking, design & execution services, facility management |
| Issue Type | Book Built, Fresh Issue Only |
| Face Value | ₹2 per share |
| Price Band | ₹56 – ₹61 per share |
| Issue Size | Up to 23,500,000 equity shares (₹143.35 crore at upper band) |
| Lot Size | 235 shares |
| Minimum Investment | ~₹14,335 (at upper band) |
| IPO Opening Date | 10 September 2025 |
| IPO Closing Date | 12 September 2025 |
| Basis of Allotment | 15 September 2025 |
| Refunds / Demat Credit | 16 September 2025 |
| Listing Date | 17 September 2025 |
| Exchanges | BSE & NSE |
Subscription Details
| Category | Subscription (× times) |
|---|---|
| Overall | 63.97× |
| Retail Investors (RII) | 164.70× |
| Non-Institutional Investors (NII) | 87.97× |
| Qualified Institutional Buyers (QIBs) | 20.30× |
Dev Accelerator IPO allotment status Live: How to check IPO allotment status on NSE?
Step 1:
Go to the official NSE website at https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp.
Step 2:
Sign up using your PAN by clicking on the ‘Click here to sign up’ link found on the NSE site.
Step 3:
Input your username, password, and the captcha code.
Step 4:
On the next page, you can verify the status of your IPO allocation.
Dev Accelerator IPO allotment status Live: How to check IPO allotment status on BSE?
Step 1:
Go to the official NSE website at https://www.bseindia.com/investors/appli_check.aspx.
Step 2:
Choose ‘Equity’ from the available options under ‘Issue Type.’
Step 3:
Select the ‘Issue Name’ from the list and pick the particular IPO you are interested in.
Step 4:
Input your application number or PAN.
Step 5:
On the next page, you can verify the status of your IPO allocation.