Dev Accelerator Lists at ₹61 on NSE and BSE, Trades Up 5%

New Delhi, September 17, 2025: Dev Accelerator Ltd (DevX) opened a solid listing on the bourses today, at ₹61 a share, in sync with the IPO issue price. Dev Accelerator Ltd (DevX), which has a presence in Ahmedabad, is funded by Dev Information Technology Ltd. It has 25 centres in 11 cities and works for more than 230 clients with managed office space, coworking offerings, and asset management services.

Listing Day Snapshot

As of 3:10 PM, Dev Accelerator Ltd. stock picked up pace, gaining 5% at ₹64.05, an increase of ₹3.05 from the beginning of today’s trading. Intra-day, the stock fluctuated from ₹59.00 to ₹64.05, recording its new 52-week peak at ₹64.05 while the 52-week low remained at ₹59.00.

Trading volume during the day was 61.64 lakh shares with a traded value of approximately ₹3,949.38 lakh. The stock opened at ₹61.00 and had a VWAP (Volume Weighted Average Price) of ₹62.11. The company has a market capitalization of ₹577 crore at the current price. The face value of the share is ₹2, while the book value per share is ₹6.17. For the day, the upper and lower circuit limits of the stock were at ₹64.05 and ₹57.95, respectively.

IPO Recap

Dev Accelerator Ltd.’s ₹143 crore IPO received an overwhelming response from investors. The issue, which was entirely a fresh equity offering, was priced in the range of ₹56-₹61 per share. By the end of bidding, the IPO was subscribed 63.97 times in total, demonstrating high demand across different categories of investors. The retail segment was subscribed 164.7 times subscription, followed by Non-Institutional Investors (NIIs) at 88 times and Qualified Institutional Buyers (QIBs) at 20.3 times.

Before Dev Accelerator IPO, the firm had already mobilised ₹63.15 crore from anchor investors, which included 11 institutions such as Finavenue Growth Fund and Sunrise Investment Opportunities Fund. Proceeds from the IPO will be utilised for workspace expansion, lease deposits, repayment of debt, and forays into metro cities such as Mumbai, Gurugram, Pune, and GIFT City.

REF: https://www.nseindia.com/get-quotes/equity?symbol=DEVX

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