Shares of Dev Accelerator made a muted debut on Wednesday, September 17, listing at Rs 61.30 on the NSE, slightly above the Rs 61 IPO price, and later rose 5% to Rs 64.02. The Rs 143-crore IPO saw healthy investor interest, though the grey market premium remained modest. Analysts warn valuations are rich, recommending caution and a wait-and-watch approach.