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Dev Accelerator IPO Allotment Finalized With Refunds Today and Listing on Sept. 17

Refunds process today ahead of a Sept. 17 debut on BSE and NSE.

Overview

  • The offer drew 63.97 times bids overall, including 164.72 times from retail, 87.97 times from NIIs and 20.30 times from QIBs, with over 84 crore bids for 1.31 crore shares.
  • The IPO was a Rs 143.35 crore fresh issue of 2.35 crore shares at a Rs 56–61 price band, with a minimum lot of 235 shares.
  • Applicants can check allotment status on BSE, NSE or registrar KFin Technologies using PAN, application number or demat details.
  • Recent grey‑market quotes pointed to an unofficial Rs 6–8 premium over the issue price, a speculative indicator that can fluctuate and is not exchange‑verified.
  • Proceeds are earmarked for fit‑outs and deposits for new centres, repayment of borrowings and general corporate purposes as DevX expands into major cities, with Pantomath as lead manager and KFin as registrar.