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BTCC / BTCC Square / Global Cryptocurrency /
Dev Accelerator Shares Surge After Flat IPO Listing

Dev Accelerator Shares Surge After Flat IPO Listing

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-09-17 05:33:01
0
BTCCSquare news:

Dev Accelerator debuted flat at ₹61 on Indian exchanges before rallying to upper circuit limits of ₹64.15. The ₹143.35 crore IPO saw frenzied demand with 63.97x oversubscription, led by retail investors bidding 164.72x their allotted quota.

Swastika Investmart's Shivani Nyati cautioned about thin profit margins and elevated debt, suggesting risk-tolerant investors maintain a ₹50 stop loss. The offering by Dev Information Technology Ltd. allocated ₹63 crore to anchor investors, with proceeds earmarked for business expansion.

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