Mumbai, Sept. 15 -- The initial public offer of Dev Accelerator received bids for 84,10,19,175 shares as against 1,31,47,075 shares on offer. The issue was subscribed 63.97 times.

The Retail Individual Investors (RIIs) category was subscribed 164.72 times. The Non-Institutional Investors (NIIs) category was subscribed 87.97 times. The Qualified Institutional Buyers (QIBs) category was subscribed 20.30 times.

The issue opened for bidding on 10 September 2025 and it closed on 12 September 2025. The price band of the IPO is fixed between Rs 56 and 61 per share.

The issue comprised a fresh issue of 23500000 equity shares of Rs 2 each.

Of the net proceeds from the issue, the company proposes to use Rs 73.116 crore towards capital expenditu...