Dev Accelerator Limited IPO
MainboardDiversified Commercial Services
Listed On: Sep 17, 2025 at ₹ 61.0(NSE)
₹ 14335 /235 Shares
Check Allotment10 Sep, 2025
Open Date12 Sep, 2025
Close Date15 Sep, 2025
Allotment Date17 Sep, 2025
Listing DatePrice Summary
Last Closing
44.92 (-26.36%)52 Week High
64.0552 Week Low
40.48Last Update
24-Oct-2025 3:30 PMDev Accelerator IPO Live Subscription Details
View Subscription DetailsDev Accelerator IPO Issue Details
- Issue Price ₹56-61 per equity share
- Face Value ₹2 Per Equity Share
- Total Issue Size 2,35,00,000 shares(aggregating up to ₹143.35 crore)
- Fresh Share 2,35,00,000 shares(aggregating up to ₹143.35 crore)
- Listing at BSE, NSE
- List Price 61.0(NSE)
- Listing Date 2025-09-17
- Lead Manager Pantomath Capital Advisors Pvt Ltd
- Registrar Kfin Technologies Limited
Market Lot Size
Investors can bid for a minimum of 235 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 235 | ₹14,335 |
| Retail(max) | 13 | 3,055 | ₹1,86,355 |
| SHNI(min) | 14 | 3,290 | ₹2,00,690 |
| SHNI(max) | 69 | 16,215 | ₹9,89,115 |
| BHNI(min) | 70 | 16,450 | ₹10,03,450 |
Dev Accelerator IPO Reservation
Dev Accelerator IPO offers total 2,35,00,000 shares. Out of which 69,01,950 (29.37%) allocated to QIB, 34,50,975 (14.69%) allocated to NII,23,00,650 (9.79%) allocated to RII, 1,64,500 (0.7%) allocated to employees and 1,03,52,925 (44.06%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,03,52,925 (44.06%) | |
| QIB Shares Offered | 69,01,950 (29.37%) | |
| NII (HNI) Shares Offered | 34,50,975 (14.69%) | |
| bNII < ₹10L | 23,00,650 (9.79%) | |
| sNII < ₹10L | 11,50,325 (4.9%) | |
| Retail Shares Offered | 23,00,650 (9.79%) | |
| Shareholder Shares Offered | 3,29,000 (1.4%) | |
| Employee Shares Offered | 1,64,500 (0.7%) | |
| Total Shares Offered | 2,35,00,000 (100%) |
Dev 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
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 Analysis And 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
Dev Accelerator Company Financials
| 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 Dev Accelerator 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)
Parth Shah
Umesh Uttamchandani
Rushit Shah
Dev Information Technology Limited
Pre Issue Share Holding : 49.80%
Post Issue Share Holding : 36.80%
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
Dev Accelerator raises over Rs 63 crore from 11 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.
Contact Details
Dev Accelerator
C-01, The First Commercial Complex, behind Keshavbaug Party Plot, Vastrapur, Ahmedabad, Gujarat, 380015
+91-7041482004
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Dev Accelerator Limited IPO is 2,35,00,000 shares(aggregating up to ₹143.35 Cr).
Ans. The Dev Accelerator Limited IPO price band is set between ₹56-61 per equity share.
Ans. To apply for Dev Accelerator Limited 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 Dev Accelerator Limited IPO allotment status online.
