Dev Accelerator IPO, Sept. 12 -- Dev Accelerator's initial public offering (IPO) closed with a strong demand on Friday, September 12, as all categories of investors participated amid neutral-to-positive views from brokerages and a solid grey market premium (GMP).

The IPO had sailed through on the first day of the bidding itself on Wednesday, September 10.

The issue was subscribed 63.97 times on the third and final day of the bidding period. It received bids for 84,10,18,940 shares as against 1,31,47,075 shares on offer, as per BSE data.

The Qualified Institutional Buyers (QIB) portion was subscribed 20.30 times, while the Non-Institutional Investors (NII) category saw a strong response at 87.97 times. The retail portion was oversubscri...