New Delhi, Sept. 10 -- The initial public offering (IPO) of Dev Accelerator saw healthy demand from both retail and non-institutional investors on its first day of bidding. The IPO, which remains open until Friday, September 12, was oversubscribed.

The IPO received bids for 7.02 crore shares against the total offer of 1.31 crore shares, resulting in an overall subscription of 5.34 times by the end of Day 1, according to exchange data.

Retail investors showed strong interest, with their portion subscribed to 19.60 times, while non-institutional buyers showed similar enthusiasm, with their portion booked 4.46 times. The QIB portion was booked at 1.16 times.

Dev Accelerator aims to raise Rs.143 crore through the IPO, which is entirely a f...