18 Sep 2025 | 5 Mins Read
Dev Accelerator shares drop to IPO price
Flipitmoney
Dev Accelerator Ltd's stock price fell 5% from Rs 61 to Rs 60.84 on its listing day, returning to its IPO price. The Rs 143-crore IPO was priced at 56-61 range and attracted investor interest. Valuations appear rich, with a 310x P/E ratio, prompting experts to recommend caution for medium-term investors, while suggesting long-term potential due to revenue growth and strengthened client retention.