Summary
Dev Accelerator IPO Day 2 LIVE is capturing investors’ attention with its strong market buzz, impressive subscription numbers, and promising growth story. On the second day of bidding, this IPO continues to make waves among retail and institutional investors. With a strong presence in India’s fast-growing workspace solutions sector, the company is being seen as a potential long-term growth opportunity. Let’s break down everything—GMP, subscription status, valuations, and expert recommendations—so you can decide whether to apply or not.
Dev Accelerator IPO Day 2 LIVE – Positive Start With Impressive Subscription Numbers
The Dev Accelerator IPO, which opened for subscription on September 10 and closes on September 12, 2025, has attracted solid demand on Day 1 itself. As per BSE data, the IPO was subscribed 6.12 times by 10:06 am on the opening day.
- Retail investors led the rally with a massive 22.52x subscription, showing strong confidence in the company’s growth story.
- Non-Institutional Investors (NIIs) subscribed 5.40 times, while
- Qualified Institutional Buyers (QIBs) booked 1.16 times their quota.
This enthusiastic response reflects robust investor sentiment around the company’s business model and future growth outlook.
What Makes Dev Accelerator Stand Out?
Dev Accelerator provides end-to-end workspace solutions—from individual desks to fully customised office setups. Its services include sourcing office spaces, designing customisation, developing work environments, delivering tech infrastructure, and complete asset management.
- The company has a presence across Tier-1 and Tier-2 cities like Delhi NCR, Mumbai, Hyderabad, Pune, Ahmedabad, Jaipur, Indore, Udaipur, Rajkot, and Vadodara.
- As of May 31, 2025, Dev Accelerator operates 28 centres across 11 cities, managing 14,144 seats over a total supervised area of 8.6 lakh sq ft.
- It serves over 250 clients, making it one of the fastest-scaling managed workspace providers in the country.
This strong operational footprint and diverse client base position the company as a trusted partner for enterprises, startups, and global capability centres (GCCs) looking to expand in India.
Dev Accelerator IPO GMP Today – Positive Premium Signals
As per market reports, the Dev Accelerator IPO GMP (Grey Market Premium) is currently around ₹9 over the issue price. Based on the upper price band of ₹61, this indicates an estimated listing price of around ₹70, translating to a 14.75% listing premium.
While GMP trends are encouraging, investors must remember that grey market movements are unofficial and volatile. They should be used only as an indicator, not the sole deciding factor for investment.
IPO Price Band, Lot Size & Fund Utilisation
- Price band: ₹56–₹61 per share
- Issue size: 2.35 crore equity shares (fresh issue)
- Lot size for retail investors: 235 shares (investment of ₹14,335)
- sNII: 14 lots (~₹2,00,690)
- bNII: 70 lots (~₹10,03,450)
Funds raised will be utilised for:
- Capital expenditure on fit-outs at upcoming centres
- Security deposits for new centres
- Repayment of borrowings, including redemption of NCDs
- General corporate purposes
The allotment is likely on September 15, 2025, and listing on BSE and NSE is expected on September 17, 2025.
Expert Recommendations – Subscribe for Long-Term
Leading brokerage firms are bullish on the issue:
- Anand Rathi has rated it ‘Subscribe for Long Term’, citing a strong business model, SaaS-driven HR & IT services, and GCC support solutions through its associate Scaleax Advisory.
- Reliance Securities has also given a ‘Subscribe’ rating, highlighting its Tier-2 market leadership, strong occupancies, and upcoming overseas expansion plans.
Final Verdict – Should You Apply?
With strong subscription numbers, a healthy GMP, rapid expansion plans, and positive analyst ratings, the Dev Accelerator IPO Day 2 LIVE offers a powerful long-term growth opportunity. While valuations are seen as fully priced, its diversified business model and strong Tier-2 market presence make it an attractive bet for long-term investors seeking exposure to India’s booming flexible workspace industry.
Note: All information and images used in this content are sourced from Google. They are used here for informational and illustrative purposes only.
Dev Accelerator IPO – Frequently Asked Questions
Q1. What are the opening and closing dates of the Dev Accelerator IPO?
The Dev Accelerator IPO opened for subscription on September 10, 2025, and will close on September 12, 2025.
Q2. What is the price band of the Dev Accelerator IPO?
The price band for the Dev Accelerator IPO is fixed between ₹56 and ₹61 per share.
Q3. What is the lot size for retail investors in this IPO?
For retail investors, the minimum lot size is 235 shares, requiring an investment of ₹14,335 at the upper price band.
Q4. How much is the Grey Market Premium (GMP) for the Dev Accelerator IPO?
As per market reports, the GMP is around ₹9. Based on this, the estimated listing price could be around ₹70 per share, which implies a premium of about 14.75% over the upper issue price.
Q5. What is the current subscription status of the Dev Accelerator IPO?
On the first day of bidding, the IPO was subscribed 6.12 times overall, with:
- Retail investors: 22.52 times
- Non-Institutional Investors (NIIs): 5.40 times
- Qualified Institutional Buyers (QIBs): 1.16 times
Q6. When will the allotment and listing of Dev Accelerator IPO shares take place?
The share allotment is expected on September 15, 2025, and the listing on BSE and NSE is tentatively scheduled for September 17, 2025.
Q7. What does Dev Accelerator do?
Dev Accelerator provides workspace solutions—ranging from individual desks to fully customised office setups. It offers sourcing office spaces, design, development, tech infrastructure, and asset management services. The company operates 28 centres across 11 cities and serves over 250 clients.
Q8. What will the company use the IPO proceeds for?
The IPO proceeds will be used for:
- Capital expenditure on fit-outs at upcoming centres
- Security deposits for these centres
- Repayment of borrowings, including redemption of NCDs
- General corporate purposes
Q9. What are analysts’ recommendations on this IPO?
- Anand Rathi has given a “Subscribe for Long-Term” rating, citing its diversified services, SaaS offerings, and GCC solutions.
- Reliance Securities has also recommended “Subscribe”, highlighting its Tier-2 leadership, strong occupancies, and planned overseas expansion.
Q10. Should I apply for the Dev Accelerator IPO?
Analysts see the issue as fully priced but promising for long-term investors due to its rapid expansion, strong market position, and positive subscription momentum. Investors seeking long-term growth in the workspace solutions sector may consider applying after assessing their own risk profile.