Dev Accelerator Makes Flat Market Debut At Rs 61, Should You Buy, Sell Or Hold?

Dev Accelerator Shares Listing Today: Shares of Dev Accelerators debuted flat on the exchanges on Wednesday, September 17. On BSE, shares listed at Rs 61, against the issue price of Rs 61. While stocks debuted with a marginal gain of 0.49 per cent at Rs 61.30 apiece on NSE.

Post the debut, shares of Dev Accelerator gained 5 per cent to touch Rs 64-mark on NSE.

The allotment of unlisted shares of Dev Accelerator IPO was finalised on September 15, 2025.

Dev Accelerator Limited, one of the largest flexible workspace operators in Tier-2 markets, launched its initial public offering (IPO) between September 10, 2025 and September 12, 2025. Investors bid for 49,61,11,320 equity shares against the 1,31,47,075 equity shares on offer, translating to a total

subscription of 37.74 times.

The company has fixed the price band at Rs 56–61 per share with a face value of Rs 2. The IPO, entirely a fresh issue of shares worth Rs 143.35 crore, does not include any offer-for-sale (OFS) component.

Investors can bid for a minimum lot size of 235 shares.

Dev Accelerator Issue Objectives

Proceeds from the IPO will be used for:

• Capital expenditure for fit-outs in upcoming centers,
• Repayment/prepayment of certain borrowings, including redemption of NCDs,
• General corporate purposes.

About Dev Accelerator

Dev Accelerator operates 28 centers across 11 Indian cities, managing over 14,000 seats across 8.6 lakh sq. ft. of office space. Its offerings include managed office spaces, coworking solutions, design and execution services, payroll and facility management, and IT/ITeS solutions.

The company has a strong presence in both Tier-1 and Tier-2 markets such as Delhi NCR, Mumbai, Pune, Hyderabad, Ahmedabad, Indore, Jaipur, Rajkot, Udaipur, and Vadodara. As of May 2025, it served over 250 clients, including large corporates, MNCs, and SMEs.

Should You Hold, Sell Or Buy?

Shivani Nyati, Head of Wealth at Swastika Investmart suggests risky investors to hold for medium to long term with a stop loss of Rs 50.

She argues that the company aims to capitalize on the growing demand for flexible office spaces, catering to startups, SMEs, and large enterprises seeking scalable office solutions. While the strong subscription and positive listing suggest investor confidence, the company’s modest profit margins and high debt levels warrant caution.

Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.