Dev Accelerator shares list flat at IPO price of Rs 61 on NSE, BSE
Dev Accelerator, a flex space operator with a growing presence in India’s office space solutions market, made a muted market debut on Wednesday. Shares of the company listed at Rs 61.30 apiece on the BSE in comparison to the IPO price of Rs 61. On the NSE, Dev Accelerator shares listed flat at Rs 61 apiece.
The Rs 143-crore IPO, priced in the Rs 56–61 range, saw healthy investor interest during the bidding process.
However, the grey market premium (GMP) remained subdued ahead of the listing, with shares trading at a modest 3% premium just ahead of the debut.
The listing broadly met grey market expectations, reflecting muted near-term sentiment compared to recent high-profile debuts.
DevX operates 28 centres across 11 cities, managing…
