Mumbai, Sept. 12 -- The initial public offer of Dev Accelerator received bids for 84,10,19,175 shares as against 1,31,47,075 shares on offer, according to stock exchange data at 17:30 IST on Friday (12 September 2025). The issue was subscribed 63.97 times.

The issue opened for bidding on 10 September 2025 and it will close on 12 September 2025. The price band of the IPO is fixed between Rs 56 and 61 per share. An investor can bid for a minimum of 235 equity shares and in multiples thereof.

The issue comprises 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 expenditure for fit-outs in the proposed centers; Rs 35 crore towards pre/re-pay...