Dev Accelerator Ltd IPO
Price Range
₹56 - ₹61
-
Min. Quantity
235 Shares
Closes on
12 September 2025
-
Min. investment
₹14,335
Dev Accelerator Ltd IPO Timeline
| Event | Date |
|---|---|
| Dev Accelerator Ltd IPO Opening Date | 10 September 2025 |
| Dev Accelerator Ltd IPO Closing Date | 12 September 2025 |
| Basis of Allotment | 15 September 2025 |
| Initiation of Refunds | 16 September 2025 |
| Credit of Shares to Demat | 16 September 2025 |
| Dev Accelerator Ltd IPO Listing Date | 17 September 2025 |
Dev Accelerator Ltd IPO Details
| Dev Accelerator Ltd IPO Date | 10 September 2025 to 12 September 2025 |
| Dev Accelerator Ltd IPO Face Value | ₹2 per share |
| Dev Accelerator Ltd IPO Price | ₹56 to ₹61 per share |
| Dev Accelerator Ltd IPO Lot Size | 235 |
| Issue Size | Shares of ₹2 (aggregating up to ₹143.35 Cr) |
| Fresh Issue | Shares of ₹2 (aggregating up to ₹143.35 Cr) |
| Offer for Sale | - |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 69,01,950 of the Net Offer |
| Retail Shares Offered | Not less than 23,00,650 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 34,50,975 of the Net Offer |
| Company Promoters | Parth Naimeshbhai Shah, Rushit Shardulkumar Shah, Umesh Satishkumar Uttamchandan |
Dev Accelerator Ltd IPO Lot Size
The Dev Accelerator Ltd IPO lot size is 235 shares. A retail-individual investor can apply for up to 13 lots (3,055 shares or ₹1,86,355).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 235 | ₹14,335 |
| Maximum | 13 | 3,055 | ₹1,86,355 |
- Strengths
- Risks
- Opportunities
- Leadership position as one of one of the largest managed space operator in Tier 2 markets well positioned to capture industry tailwinds and growth prospects for the flexible workspace sector in India.
- Pan-India presence with consistently high occupancy rates across our Centers.
- Customer-centric business model with an integrated platform approach.
- Delivering strong financial and operating metrics.
- Experienced Promoters and management team with deep industry expertise.
Company Financials
Dev Accelerator Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2023 | 281.14 | 62.16 | -12.75 |
| 03-2022 | 97.2 | 24.29 | -7.34 |
| 03-2021 | 64.36 | 9.29 | -3.06 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Capital exp for fit outs in the new Centres and for security deposits of the new Centres
- Repayment and /or pre-payment in full or part of certain borrowings availed by the company including redemption of NCDs
- General corporate purposes
Dev Accelerator Ltd IPO Promoter Holding
| Pre Issue Share Holding | 9.3% |
| Post Issue Share Holding | 6.87% |
Dev Accelerator Ltd IPO Subscription Status (Bidding Detail)
The Dev Accelerator Ltd IPO is subscribed 63.97 times on 12 September 2025 05:00:00 PM. The public issue subscribed 164.7154 times in the retail category, 20.3037 times in the QIB category, and 87.969 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 20.3037 | 87.969 | 164.7154 | 17.6129 | 63.97 |
Dev Accelerator Ltd IPO Prospectus
Dev Accelerator Ltd IPO Listing Date
| BSE Script | |
| NSE Symbol | |
| Listing In | BSE, NSE |
| ISIN | INE0VOV01021 |
| IPO Price | ₹- |
| Face Value | ₹- |
Company Contact Information
No. C-01 The First Commercial-Complex Vastrapur,Ahmedabad-380015
Phone: 70414 82004
Email: compliance@devx.work
Website: www.devx.work
Dev Accelerator Ltd IPO Registrar
Dev Accelerator Ltd IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd
How to Check the Allotment Status of Dev Accelerator Ltd IPO?
To check the IPO allotment status, follow these steps:
- Visit the official website of the IPO registrar.
- Navigate to the IPO Allotment Status page.
- Select “Dev Accelerator Ltd” from the list of available IPOs.
- Enter any one of these - PAN Number, Application Number, DP/Client ID.
- Click on Submit to view your allotment status.
About Dev Accelerator Ltd IPO
Dev Accelerator Limited originally started the business as a Limited Liability Partnership under the name and style of 'Dev Accelerator LLP' on September 14, 2017 under the Limited Liability Partnership Act, 2008, issued by the RoC. Subsequently, the Limited Liability Partnership was converted into a Private Limited Company and a Certificate of Incorporation dated September 05, 2020 was issued by the Registrar of Companies, Central Registration Centre under the name and style of Dev Accelerator Private Limited'. The Company further was converted into a Public Limited Company and a fresh Certificate of Incorporation upon conversion to Public Limited dated September 3, 2024 was issued by the RoC, resulting the Company name was changed to its present name, Dev Accelerator Limited'.