Dev Accelerator
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Grey market premium
Unofficial and indicative — not a forecast
3 observations recorded — too few to plot a trend.
Day-wise premium · 3 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 17 Sept 2025 | ₹6 | +9.84% | ₹1,100 | ₹67 | ₹1,410 |
| 16 Sept 2025 | ₹6 | +9.84% | ₹1,100 | ₹67 | ₹1,410 |
| 15 Sept 2025 | ₹6 | +9.84% | ₹1,100 | ₹67 | ₹1,410 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Issue details
- IPO date
- 10 Sept 2025 – 12 Sept 2025
- Listing date
- 17 Sept 2025
- Face value
- ₹1 per share
- Issue price
- ₹61 per share
- Lot size
- 235 shares
- Issue type
- Book Building issue
- Listing at
- BSE
- Total issue size
- ₹143 Cr
- Market cap at offer price
- ₹550 Cr
- Promoter holding
- 49.80% → 36.80% pre-issue → post-issue
- ISIN
- INE0VOV01021
- Registrar
- Kfin Technologies Ltd.
- Lead managers
- Pantomath Capital Advisors Pvt.Ltd.
- Registered office
- C-01, The First Commercial Complex, behind Keshavbaug Party Plot, Vastrapur, Gujarat
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 1,03,52,925 | — | — |
| Market maker | 0 | — | — |
Application size
Minimum 235 shares per lot, in multiples, at ₹61
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 235 | ₹14,335 |
| Retail (max) | 13 | 3,055 | ₹1,86,355 |
| S-HNI (min) | 14 | 3,290 | ₹2,00,690 |
| S-HNI (max) | 69 | 16,215 | ₹9,89,115 |
| B-HNI (min) | 70 | 16,450 | ₹10,03,450 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
₹61 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 0.26 | 0.19 |
| P/E (×) | 234.62 | 321.05 |
| Price to book (×) | 7.94 | — |
| Market cap | — | ₹550 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 3.24%
- ROCE
- 25.95%
- Debt / equity
- 2.39
- PAT margin
- 1.00%
- EBITDA margin
- 50.64%
- NAV per share
- ₹7.68
- Price to book
- 7.94
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.