Dev Accelerator Limited IPO

Mainboard

Offer Date: Sep 10, 2025 - Sep 12, 2025

Exp. Premium: 8-9 (13.11%)

₹ 14335 /235 Shares

*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.

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 IPO Details

10 Sep, 2025

Open Date

12 Sep, 2025

Close Date

15 Sep, 2025

Allotment Date

17 Sep, 2025

Listing Date

Issue Price

₹56-61 per equity share

Face Value

₹2 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

Market 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 Ltd

Issue 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

N/A times

IPO Docs

DRHP RHP

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 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 Valuations

EPS Pre IPO

₹0.26/-

EPS Post IPO

₹0.19/-

P/E Pre IPO

233.25

P/E Post IPO

315.45

ROE

ROCE

25.95%

Debt/Equity

2.39

RoNW

3.24%

PAT Margin

1.00%

Price to Book Value

7.94

Dev 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

Dev Accelerator - Promoter(s)

Pre Issue Share Holding: 49.80%

Post Issue Share Holding: 36.80%

Company Promoter(s)

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.

Other Details

Company Contact Details

Dev Accelerator

C-01, The First Commercial Complex, behind Keshavbaug Party Plot, Vastrapur, Ahmedabad, Gujarat, 380015

Phone: +91-7041482004

Email: compliance@devx.work

Website: http://www.devx.work/

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: dal.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/

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.