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Dev Accelerator and Urban Company IPOs Demonstrate Robust Investor Appetite in India
Dev Accelerator and Urban Company IPOs Demonstrate Robust Investor Appetite in India
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BTCCSquare news:
Three mainboard IPOs—Dev Accelerator, Urban Company, and Shringar House of Mangalsutra—opened for public subscription on Wednesday, with high-profile offerings from Dev Accelerator and Urban Company capturing market attention. The workspace solutions provider Dev Accelerator saw its ₹143.35-crore IPO oversubscribed by 5.33 times on day one, driven by strong retail demand. By day two, bids had surged to 7.14 times the offered shares.
Urban Company’s larger ₹1,900-crore issue was fully subscribed within hours, with day-one bids reaching 3.13 times the offering. By the following morning, subscription levels climbed to 4.09 times. Brokerages have responded with upbeat assessments, reflecting confidence in India’s primary market dynamics.
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