Dev Accelerator Ltd
Pre Issue Shares
6,66,87,515
No. of Shares Issued
2,75,00,000
Pre Issue Equity Amt.
₹33.34 Cr
DP Filling Date
30 March 2025
Dev Accelerator Ltd IPO Timeline
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'.
Dev Accelerator Ltd IPO Details
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| Company Promoters | Parth Shah, Umesh Uttamchandani, Rushit Shah |
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 Prospectus
Dev Accelerator Ltd IPO Listing Date
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| Face Value | ₹2 |
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