Shringar House Of Mangalsutra IPO Fully Subscribed On Day One — Check Subscription Details, GMP

The primary market is buzzing this week with three mainboard issues opening for subscription — Dev Accelerator, Shringar House of Mangalsutra, and Urban Company. The IPOs are drawing attention from retail investors because of their due to high subscriptions and strong grey market activity.

Ahmedabad-based Dev Accelerator Ltd, a provider of flexible office spaces, has set a price band in the range of Rs 56 to Rs 61 per share. At the upper end, the company’s valuation comes to around Rs 550 crore. The issue is open for subscription between September 10 and 12, with the tentative listing date fixed for September 17, 2025.

In the grey market, Dev Accelerator is quoting a premium of Rs 9 (or 14.75%) over its upper IPO price.