Dev Accelerator Limited made a flat debut on Wednesday, September 17, as its shares listed at Rs 61.0 on NSE, the same as its issue price. The IPO had a price band fixed at Rs 61 per share.
The Rs 143.35 crore public issue was entirely a fresh issue of 2.35 crore equity shares. The IPO bidding window was open from September 10 to September 12, 2025, with allotments finalized on September 15, 2025.
For retail investors, the minimum application size was set at 235 shares, requiring an investment of Rs 14,335. For non-institutional investors, the small NII category required a minimum of 14 lots (3,290 shares) amounting to Rs 2,00,690, while the big NII category required 70 lots (16,450 shares) amounting to Rs 10,03,450.
Pantomath Capital Advisors Pvt. Ltd. acted as the book-running lead manager, while Kfin Technologies Ltd. was the registrar to the issue.
Despite the flat listing, the IPO attracted attention as Dev Accelerator looks to deploy fresh capital for its growth initiatives following the Rs 143.35 crore fundraise.
