Dev Accelerator IPO Subscription Status
Dev Accelerator IPO closed on 12 September 2025 with an overall subscription of 64.00x based on shares applied. QIB demand came in at 5.90x, NII at 80.10x, and retail at 144.43x.
Allotment will be finalised on 15 September 2025. The stock is scheduled to list on NSE and BSE on 17 September 2025.
Issue Price
Rs 61.00
GMP Today
Rs 6.00 (+9.84%)
Overall Subscription
64.00x
Issue Size
₹143.35 Cr
Allotment Date
15 Sept 2025
Listing Date
17 Sept 2025
Dev Accelerator IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 61.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 42.10 Cr | Rs 248.26 Cr | 5.90x |
| FII | - | Rs 69.05 Cr | - |
| DFI | - | Rs 76.18 Cr | - |
| Mutual Funds | - | Rs 2.01 L | - |
| Other | - | Rs 103.01 Cr | - |
| NII | Rs 21.05 Cr | Rs 1,686.21 Cr | 80.10x |
| bNII (above Rs 10L) | Rs 14.03 Cr | Rs 1,009.05 Cr | 71.90x |
| Corporate | - | Rs 17.05 Cr | - |
| Individual | - | Rs 958.20 Cr | - |
| Other | - | Rs 33.81 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 7.02 Cr | Rs 677.16 Cr | 96.50x |
| Corporate | - | Rs 2.91 Cr | - |
| Individual | - | Rs 650.17 Cr | - |
| Other | - | Rs 24.09 Cr | - |
| Retail | Rs 14.03 Cr | Rs 2,026.97 Cr | 144.43x |
| Cut-off price | - | Rs 1,643.34 Cr | - |
| Fixed price | - | Rs 383.63 Cr | - |
| Employee | Rs 1.00 Cr | Rs 14.75 Cr | 14.70x |
| Cut-off price | - | Rs 11.95 Cr | - |
| Fixed price | - | Rs 2.80 Cr | - |
| Shareholder | Rs 2.01 Cr | Rs 83.38 Cr | 41.55x |
| Cut-off price | - | Rs 60.53 Cr | - |
| Fixed price | - | Rs 22.85 Cr | - |
| Total | Rs 80.20 Cr | Rs 4,059.57 Cr | 50.62x |
Dev Accelerator IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 69,01,950 | 2,566 | 0.00x |
| FII | - | 6 | - |
| DFI | - | 2,278 | - |
| Mutual Funds | - | 1 | - |
| Other | - | 281 | - |
| NII | 1,049 | 42,448 | 40.47x |
| bNII (above Rs 10L) | 699 | 9,909 | 14.18x |
| Corporate | - | 168 | - |
| Individual | - | 9,411 | - |
| Other | - | 330 | - |
| sNII (Rs 2L to Rs 10L) | 350 | 32,539 | 92.97x |
| Corporate | - | 145 | - |
| Individual | - | 31,211 | - |
| Other | - | 1,183 | - |
| Retail | 9,790 | 12,61,631 | 128.87x |
| Cut-off price | - | 10,17,487 | - |
| Fixed price | - | 2,44,144 | - |
| Employee | 700 | 7,990 | 11.41x |
| Cut-off price | - | 6,790 | - |
| Fixed price | - | 1,200 | - |
| Shareholder | 1,400 | 13,051 | 9.32x |
| Cut-off price | - | 10,354 | - |
| Fixed price | - | 2,697 | - |
| Total | 69,14,889 | 13,27,686 | 0.19x |
What Do These Subscription Numbers Mean?
A subscription of 64.00x by shares means the IPO received bids for 64 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 5.90x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 5.90x, it reflects serious institutional conviction.
NII at 40.47x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 14.18x and sNII at 92.97x by applications. Share subscription was 80.10x. Allotment uses application count, not share volume.
At 128.87x subscription by applications, approximately 1 in 129 retail applicants can expect an allotment (~1% per application). Retail allotment is done by lottery when oversubscribed. Share subscription was 144.43x. Allotment uses application count, not share volume.
At 11.41x subscription by applications, approximately 1 in 11 employee applicants can expect an allotment (~9% per application). Employee reservation uses the same lottery logic as retail when oversubscribed.
Dev Accelerator IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail
- •Application subscription: 128.87x.
- •Allotment odds: about 1 in 129 (~1% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •Share subscription was 144.43x. Allotment uses application count, not share volume.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 92.97x.
- •Allotment odds: about 1 in 93 for a minimum-lot application (~1% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 96.50x. Allotment uses application count, not share volume.
BHNI (above Rs 10 lakh)
- •Application subscription: 14.18x.
- •Allotment odds: about 1 in 14 for a minimum-lot application (~7% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 71.90x. Allotment uses application count, not share volume.
Check the Dev Accelerator IPO Allotment Status page from 15 September 2025 for your allotment result.
Dev Accelerator IPO GMP After Subscription
GMP for Dev Accelerator IPO stands at Rs 6.00 today, giving an estimated listing price of Rs 67.00 per share.
A subscription of 64.00x combined with a GMP of 9.84% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Dev Accelerator IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Dev Accelerator IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 10 Sept 2025 | 1.16x | 4.46x | 19.60x | 5.34x |
| Day 2 - 11 Sept 2025 | 2.40x | 15.36x | 59.48x | 16.11x |
| Day 3 - 12 Sept 2025 | 20.30x | 87.97x | 164.89x | 64.00x |
Dev Accelerator IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 10 September 2025 |
| IPO Close Date | 12 September 2025 |
| Allotment Date | 15 September 2025 |
| Refund Initiation | 16 September 2025 |
| Share Credit to Demat | 16 September 2025 |
| Listing Date | 17 September 2025 |
| Minimum Investment | Rs 14,335.00 |
| Lot Size | 235 shares |
About Dev Accelerator IPO
Dev Accelerator is a leading managed and co-working space operator, particularly prominent in Tier 2 markets. The company provides a comprehensive range of services, including sourcing and developing office spaces, customizing designs, providing technology solutions, and offering full asset management. It operates through various business segments such as managed office spaces, coworking spaces, and design and execution services.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
Retail - Retail Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Dev Accelerator IPO Subscription FAQs
What is Dev Accelerator IPO IPO subscription status today?
Dev Accelerator IPO IPO subscription closed on 12 September 2025 with overall subscription of 64.00x (by shares) as of 27 June 2026, 2:01 AM IST. QIB 5.90x, NII 40.47x, Retail 128.87x.
What is the overall subscription of Dev Accelerator IPO IPO?
Dev Accelerator IPO IPO is subscribed 64.00x overall by shares at close on 12 September 2025. QIB 5.90x, NII 40.47x, and Retail 128.87x.
What is Dev Accelerator IPO IPO QIB subscription?
Dev Accelerator IPO IPO QIB (Qualified Institutional Buyers) subscription is 5.90x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Dev Accelerator IPO IPO Retail subscription?
Dev Accelerator IPO IPO Retail subscription is 128.87x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Dev Accelerator IPO IPO NII subscription?
Dev Accelerator IPO IPO NII (Non-Institutional Investors) subscription is 40.47x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Dev Accelerator IPO IPO for retail?
At 128.87x subscription by applications, approximately 1 in 129 retail applicants can expect an allotment (~1% per application). Allotment is done by lottery. Share subscription was 144.43x. Allotment uses application count, not share volume.
When is Dev Accelerator IPO IPO allotment date?
Dev Accelerator IPO IPO allotment date is 15 September 2025. Check Dev Accelerator IPO Allotment Status on IPOwiz from that day using your PAN.
When does Dev Accelerator IPO IPO subscription close?
Dev Accelerator IPO IPO subscription closed on 12 September 2025. No new applications are accepted after the close.
What is Dev Accelerator IPO IPO GMP today?
Dev Accelerator IPO IPO GMP is ₹6 today (+9.84% over issue price ₹61). See live GMP on the Dev Accelerator IPO GMP Today page.
What is Dev Accelerator IPO IPO issue price and lot size?
Dev Accelerator IPO IPO issue price is ₹61 per share. Lot size is 235 shares. Minimum investment is ₹14,335 per lot. Issue size: ₹143.35 Cr.
When is Dev Accelerator IPO IPO listing date?
Dev Accelerator IPO IPO listing date is 17 September 2025 on NSE and BSE. Allotment is on 15 September 2025.
How does subscription affect Dev Accelerator IPO IPO allotment?
Allotment odds in Dev Accelerator IPO IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 40.47x by applications means roughly 1 in 40 for minimum-lot bids; bNII at 14.18x (~1 in 14). At 64.00x overall, competition is very high.
For allotment results from 15 September 2025, visit the Dev Accelerator IPO Allotment Status page. For listing day updates on 17 September 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.