Dev Accelerator Limited IPO
Mainboard Allotment AwaitedOffer Date: Sep 10, 2025 - Sep 12, 2025
Exp. Premium: 8-9 (13.11%)
₹ 14335 /235 Shares
Check Allotment*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.
Dev Accelerator IPO Live Subscription Details
Bids below ₹10L: 106.02x
NII Total: 87.97
10 Sep, 2025
Open Date12 Sep, 2025
Close Date15 Sep, 2025
Allotment Date17 Sep, 2025
Listing DateIssue Price
₹56-61 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedMarket Lot
Retail : 235 Shares (₹14,335/-)S-HNI : 3,290 Shares (₹2,00,690/-)
B-HNI : 16,450 Shares (₹10,03,450/-)
Lead Manager
Pantomath Capital Advisors Pvt LtdIssue Size
2,35,00,000 shares(aggregating up to ₹143.35 Cr)Retail Portion
10% (Number of Retail Applications: 9,790 Approx),(Number of S-HNI Applications : 350 Approx),
(Number of B-HNI Applications : 699 Approx)
Subscription
63.97 timesDev Accelerator IPO Details
Dev Accelerator IPO is a book-built issue of ₹143.35 crores, The total issue size is ₹143.35 crores. The IPO of Dev Accelerator is priced at ₹56-61 per equity share, which has a face value of ₹2 Per Equity Share each, IPO bidding starts from Sep 10, 2025 and ends on Sep 12, 2025. The allotment for Dev Accelerator IPO will be finalized on Sep 15, 2025. Dev Accelerator IPO will be listed on BSE, NSE, with a tentative listing date fixed as Sep 17, 2025. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.
Retail investors can bid for a minimum of 235 shares, extendable to 14,335. S-HNIs will be able to bid for 3,290 shares at ₹2,00,690, while B-HNIs can also apply for a bid of 16,450 shares at ₹10,03,450. The book-running lead manager for the IPO is/are Pantomath Capital Advisors Pvt Ltd.
The total issue ₹143.35 crore, comprising a fresh issue of 2,35,00,000 shares ₹143.35 crore and
The Dev Accelerator IPO sets its price band at 56-61 for each share. A single application for Dev Accelerator Limited IPO must contain at least 235 shares. Sentiment investors need to invest a minimum of 235 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,335 In order to participate in the sNII, investors must purchase at least 14 lots of 3,290 shares for ₹2,00,690, while the bNII requires 70 lots of 16,450 shares for an investment of ₹10,03,450.
Dev Accelerator IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 69,01,950 | 34,50,975 23,00,650 11,50,325 | 23,00,650 | 1,31,47,085 |
| Day 1 - 10-09-25 05:00 PM | 1.16 x | 4.48 4.28 x 4.87 x | 19.96 x | 5.41 x |
| Day 2 - 11-09-25 05:00 PM | 2.40 x | 15.38 12.08 x 22.00 x | 59.60 x | 16.14 x |
| Day 3 - 12-09-25 05:00 PM | 20.30 x | 87.97 78.94 x 106.02 x | 164.72 x | 63.97 x |
Dev Accelerator Valuations
EPS Pre IPO
₹0.26/-EPS Post IPO
₹0.19/-P/E Pre IPO
233.25P/E Post IPO
315.45ROE
%ROCE
25.95%Debt/Equity
2.39RoNW
3.24%PAT Margin
1.00%Price to Book Value
7.94Dev Accelerator Company Financials All values are in ₹ Cr.
| 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|
| Assets | 540.38 | 411.09 | 282.42 |
| Revenue | 178.89 | 110.73 | 71.37 |
| Profit After Tax | 1.74 | 0.43 | -12.83 |
| Net Worth | 54.79 | 28.79 | 1.22 |
| Total Borrowing | 130.67 | 101.05 | 33.20 |
About The Company
Founded in 2017, Dev Accelerator Limited, popularly referred to as DevX, offers agile office space, including coworking areas. The firm has grown to have a presence in 15 centers in India, covering prominent cities like Delhi-NCR, Hyderabad, Mumbai, and Pune.The business model of the company is centered on offering flexible workspace solutions to meet the changing demands of contemporary businesses. This involves offering customizable suites and desks, catering to remote work trends, and flexible lease terms.
As of May 31, 2025, the company has more than 250 clients and operates 28 centres in 11 Indian cities with 14,144 seats spread over an aggregate area under management of 860,522 square feet.The company have executed Letters of Intent (LOIs) for three new centers, including the company's first overseas centre in Sydney, Australia. We have also rented space for a new center in Surat. These new centers will provide 11,500 seats in an overall area of 897,341 sq. ft.
Dev Accelerator Limited offer agile office space solutions, such as managed offices and coworking facilities, to large corporations, MNCs, and SMEs. The subsidiary company, Neddle and Thread Designs LLP, also provides design and execution services.
Dev Accelerator - Promoter(s)
Pre Issue Share Holding: 49.80%
Post Issue Share Holding: 36.80%
- Parth Shah
- Umesh Uttamchandani
- Rushit Shah
- Dev Information Technology Limited
Dev Accelerator IPO - Issue Objectives
- Capital expenditure 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 our Company including redemption of NCDs
- General corporate purposes.
Dev Accelerator IPO - Anchor Investors
Institutional investors invested in the anchor book on Tuesday included Universal Sompo General Insurance Company, Finavenue Capital Trust, Sunrise Investment Opportunities Fund, Meru Investment Fund, SB Opportunities Fund, Vbcube Ventures Fund, and Venus Stellar Fund.
Other Details
Dev Accelerator
C-01, The First Commercial Complex, behind Keshavbaug Party Plot, Vastrapur, Ahmedabad, Gujarat, 380015Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: dal.ipo@kfintech.com
Dev Accelerator IPO - FAQs
Ans. Dev Accelerator Limited IPO is a Mainboard IPO. The issue is priced at ₹56-61 per equity share. The minimum order quantity is 235 Shares. The IPO opens on Sep 10, 2025, and closes on Sep 12, 2025. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Dev Accelerator Limited IPO opens on Sep 10, 2025 and closes on Sep 12, 2025.
Ans. The size of Dev Accelerator Limited IPO is 2,35,00,000 shares(aggregating up to ₹143.35 Cr).
Ans. The IPO price band is set between ₹56-61 per equity share.
Ans. To apply for Dev Accelerator Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Dev Accelerator Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Dev Accelerator Limited IPO is Sep 15, 2025.
Ans. The Dev Accelerator Limited IPO will be listed on Sep 17, 2025.
Ans. Follow the steps to check the allotment status for Dev Accelerator Limited IPO here.
