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BTCC / BTCC Square / Global Cryptocurrency /
Dev Accelerator IPO Oversubscribed 21x with Retail Investors Leading Charge

Dev Accelerator IPO Oversubscribed 21x with Retail Investors Leading Charge

Author:
Global Cryptocurrency
Published:
2025-09-12 09:13:02
12
3
BTCCSquare news:

Dev Accelerator Ltd's IPO closed with overwhelming demand, oversubscribed 21.05 times as bidding concluded. Retail investors dominated with 73.13x subscription, outpacing institutional interest. The ₹143.35 crore offering priced at ₹56-61/share drew ₹63 crore from anchor investors pre-launch.

The parent company Dev Information Technology Ltd's backing lent credibility to the offering. Market valuation now stands NEAR ₹550 crore, reflecting strong confidence in India's tech growth narrative. Pantomath Capital Advisors managed the bookbuilding process.

|Square

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