Dev Accelerator Share Price Rallies 5% on Listing Day

Dev Accelerator IPO opened for subscription on Sep 10, 2025, and closed on Sep 12, 2025. 

It was a book-building issue of ₹143.35 crores. The issue is entirely a fresh issue of 2.35 crore shares of ₹143.35 crore. The Dev Accelerator IPO price band was set at ₹61 per share. 

Dev Accelerator IPO was subscribed 64.00 times overall by September 12, 2025 (Day 3). The issue saw 164.89 times subscription in the retail category, 20.30 times in the QIB (Ex Anchor) segment, and 87.97 times in the NII category.

The share allotment was finalised on Sep 15, 2025, and the shares were listed on BSE and NSE on Wednesday, Sep 17, 2025.

Dev Accelerator Share Price

On the listing day, on the NSE, Dev Accelerator share price (NSE: DEVX) opened at ₹61.00, the same as its issue price of ₹61.00. At 10:28 AM, the share price was trading at ₹64.05, up by 5% from its issue price and up by 5% from its opening price. As of the same time, the stock touched its day’s high at ₹64.05. The company’s market cap was ₹577.65 crore. 

On the BSE, at 10:26 AM, Dev Accelerator share price was trading at ₹64.07, up by 4.52% from its opening price of ₹61.30 and 5.03% up from its issue price of ₹61.00.

About Dev Accelerator Limited

Founded in 2017, Dev Accelerator Limited, popularly known as DevX, is a provider of flexible office spaces, including coworking solutions. The company has grown its footprint to 15 centers across key Indian cities such as Delhi-NCR, Hyderabad, Mumbai, and Pune.

Its business model revolves around delivering adaptable workspace solutions designed to meet the dynamic requirements of modern enterprises. This includes customizable desks and suites, flexible lease arrangements, and support for evolving remote work trends.

As of May 31, 2025, DevX caters to more than 250 clients and operates 28 centres across 11 cities in India, offering 14,144 seats with a total managed area of 860,522 square feet.

Also Read: Upcoming IPOs in September 2025!

Conclusion

Dev Accelerator’s debut on both NSE and BSE highlights investor confidence and optimism in its growth potential, reflecting demand for flexible workspace providers in India.

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