New Delhi, Sept. 12 -- The initial public offering of Dev Accelerator Ltd saw a subscription rate of 16.08 times by the second day of the sale on Thursday. The segment for Retail Individual Investors (RIIs) attracted an impressive 59.31 times subscription. The portion set aside for non-institutional investors was subscribed 15.36 times, while the Qualified Institutional Buyers (QIBs) segment received 2.40 times subscription.

On Tuesday, Dev Accelerator Ltd announced that it has secured Rs.63 crore from anchor investors.

The Dev Accelerator IPO, which opened on Wednesday, September 10, is set to close today, Friday, September 12. Dev Accelerator IPO price band has been established at Rs.56 to Rs.61 per share.

Dev Accelerator, commonly r...