Dev Accelerator IPO with shareholder quota 2025: Key Details and Investment Opportunity in India
The flexible workspace business in India is showing tremendous growth and Dev Accelerator Limited is in the process of establishing itself as a leading market participant with its impending IPO opening on September 10, 2025. Those investors willing to explore new opportunities in the changing coworking and managed office space industry need to take note of this offering, which is expected to close by September 12, 2025, and will likely list on September 17, 2025.
About Dev Accelerator Limited
Dev Accelerator Limited, also known as DevX, is a company founded in 2017 that offers flexible office options such as coworking desk all the way up to fully managed office space. The company has already established 28 centers in 11 key cities in India, such as major business centers like Delhi-NCR, Mumbai, Hyderabad, and Pune, serving more than 250 various clients, both SMEs and multinationals. They have over 860,000 square feet and over 14,000 seats of managed workspace.
As part of its ambitious expansion strategy, Dev Accelerator has already gathered intent letters to three other centers including its first overseas venture in Sydney, Australia as well as the future office space in Surat. The new developments will increase their operations by an estimated number of 11,500 seats and increase their operating footprint by almost 900,000 square feet.
Dev Accelerator Limited IPO Details and overview
Dev Accelerator IPO is a new issue with valuation of 143.35 crore, where 2.35 crore equity shares are being sold at 56-61 each. The minimum share requirement by retail investors is 235 shares, and this corresponds to 14,335 at the high price. It is planned to be allotted by mid September and listed in both BSE and NSE shortly thereafter.
The problem is subject to a systematic allocation plan: 75 percent of the stock is issued to qualified institutional buyers (QIBs), with up to 10 percent going to retail investors, and 15 percent going to non-institutional investors (NIIs). This allocation will provide equal and fair access to a wide variety of the investor categories.
The company has reserved 3,29,000 equity shares(1.4%) under shareholder quota. Eligible Shareholders of Dev Information Technology Limited as of the RHP date(2nd Sep), would be eligible to apply for this Offer under the Shareholder's Reservation Portion.
🖥️ Dev Accelerator Limited IPO Details
🗓️Date : 10 - 12 Sep ,2025
🏷️Price Band : ₹56 - ₹61
📦Market Lot : 235 Shares
💰Appl Amt : ₹14,335
📏Size : ₹143.35 Cr Approx
👦Retail Portion : 10%
📃 Retail Form : 9,790
📄HNI Small Form : 350
📄HNI Big Form : 699
🏷️Face Value : ₹2
Shareholders Quota: Yes ☑️ (As per RHP)
Parent Company: Dev Information Technology Limited
Dev Accelerator Limited High Financial Development and Results Measures
Dev Accelerator has achieved staggering financial performance over the past years, as revenue has increased by a whopping 62 per cent and profit after tax has increased by more than 300 per cent during FY 2024-2025. The EBITDA margin of the company exceeds 50 and shows good cost management and effective operation, the return on capital employed (ROCE) of the company is very good 25.95.
Furthermore, the business has an estimated market capitalization of about 550 crore before the IPO that will confirm investor confidence in the scalability of the business model.
Use of Dev Accelerator Limited IPO Proceeds and Corporate Governance.
The IPO will be raised as proceeds, which will be primarily used as capital expenditure on the development of new centers including fit-outs and security deposits amounting to approximately ₹73 crore. Furthermore, 35 crore will help in settling pending borrowings, such as redemption of non-convertible debentures (NCDs), which will improve the financial status of the company. The rest will be used to fund the general corporate purposes as they strengthen the growth path of Dev Accelerator.
A team of experienced entrepreneurs such as Parth Shah, Umesh Uttamchandani and Rushit Shah, together with Dev Information Technology Limited, are determined to ensure operational excellence coupled with growth.
How to Apply for Dev Accelerator Limited IPO via IPO Ji App
Want to apply for the Dev Accelerator Limited IPO 2025 without the hassle? The IPO Ji App makes it simple for both beginners and seasoned investors.
Here’s a quick step-by-step guide:
- Download & Open IPO Ji App Available on Play Store & App Store.
- Create/Log in to Your Account by Entering PAN, mobile number, and bank details.
- In IPO Section Search for “ Dev Accelerator Limited IPO”.
- Select Bid Details the price and lot quantity.
- UPI Mandate Complete the payment using your UPI-linked bank account.
- Once confirmed, you’ll receive an application reference number.
- Use the IPO Ji to monitor allotment status.
With IPO Ji App, investors can apply seamlessly in just a few clicks – no paperwork, no delays!
Reasons why Investors should take Dev Accelerator IPO.
With the post-pandemic corporate environment likely to become more flexible as companies implement a system of flexible workspaces, companies such as Dev Accelerator can expect to gain as more companies are now in need of flexible office setups. Investors seeking returns on the emerging trend of remote working, co-working and hybrid office spaces will find this IPO appealing.
Dev Accelerator has a good footing in a vibrant industry with sound financials, a wide geographic coverage, and international expansion plans. Its well-designed pricing and allotment system also renders the IPO approachable to retail investors with interests in this niche market.
The Dev Accelerator IPO is initiated during a period when the demand of flexible space is growing at a rapid pace globally due to changing business models and workforce patterns. Investors who want to diversify portfolios with growth stocks in up-and-coming sectors may want to consider this IPO.
Investors are recommended to remember about the subscription dates and minimum requirements and weigh this offer against the investment plans. Monitoring the allotment schedules and updating listings will keep pace with what is expected to be an exciting IPO in the India workspace solutions market.
Keep updated, get ahead and find out the possibilities of the Dev Accelerator IPO as the flexible office space revolution in India keeps picking up.
