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**Summary:**

Dev Accelerator launched a Rs 143-crore IPO, aiming to list on BSE and NSE on September 17, with a price band of Rs 56-61 per share. While considered expensive compared to its peers, Anand Rathi Research recommends a ‘Subscribe – Long Term’ rating due to the company’s strong position in Tier-2 markets and structural growth potential, despite the inherent risks.

**News Article:**

**Dev Accelerator Launches Rs 143 Crore IPO, Eyes September 17 Listing**

Mumbai: Dev Accelerator has launched its initial public offering (IPO) of Rs 143 crore, with plans to list on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on September 17. The IPO is priced between Rs 56 and Rs 61 per share.

While some analysts believe the IPO is expensive relative to its competitors, Anand Rathi Research has issued a ‘Subscribe – Long Term’ rating. This recommendation is based on Dev Accelerator’s established presence in Tier-2 markets and anticipated structural growth, acknowledging the associated investment risks. Investors should consider company fundamentals and consult financial advisors before investing.

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