Dev Accelerator share price LIVE updates: Shares make flat listing at ₹61 on both BSE, NSE

Dev Accelerator share price LIVE updates: Dev Accelerator IPO is all set to make its stock market debut on Wednesday, September 17. The shares of Dev Accelerator will list on both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Dev Accelerator share price LIVE updates: “Dev Accelerator Ltd. made its stock market debut today. Listing at ₹61 per share on the NSE, matching its IPO issue price, reflecting a slight premium of 0.49% over the issue price. Dev Accelerator Ltd. operates in the flexible workspace sector, providing co-working solutions across India. The company aims to capitalize on the growing demand for flexible office spaces, catering to startups, SMEs, and large enterprises seeking scalable office solutions. While the strong subscription and positive listing suggest investor confidence, the company's modest profit margins and high debt levels warrant caution. Risky investors can hold for medium to long term with sl of 50,” said Shivani Nyati, Head of Wealth at Swastika Investmart Ltd.

Dev Accelerator share price LIVE updates: Dev Accelerator share price rose as much as 4.49 per cent to ₹64.05 on BSE, after making flat debut.

Dev Accelerator share price LIVE updates: Dev Accelerator share price makes flat debut on Indian stock market. The shares listed at ₹61 on NSE and ₹61.30 on BSE.

Dev Accelerator share price LIVE updates: Narendra Solanki, Head of Fundamental Research – Investment Services at Anand Rathi Shares and Stock Brokers, noted that Dev Accelerator mainly caters to large corporate clients through long-term managed office contracts, generally involving lease durations of 5–9 years with lock-in periods of 3.5–5 years. Given the strong investor appetite reflected in the current Grey Market Premium, the stock is likely to debut at a price higher than its issue level.

Dev Accelerator share price LIVE updates: Dev Accelerator IPO GMP today, or grey market premium, is ₹6. This indicates Dev Accelerator share price is trading at a premium of ₹6 in the grey market, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Dev Accelerator IPO is indicated at ₹67 apiece, which is 9.84% higher than the issue price of ₹61.

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Download the Mint app and read premium stories