
Dev Accelerator
Mainboard₹14,335 / 235 Shares
IPO Live Subscription Details (times)
Bids below ₹10L: 106.02x
NII Total: 87.97
IPO Details
Dev Accelerator IPO is priced between ₹56-61 per equity share, with a face value of ₹2 per share. The company's equity shares will be listed on the Mainboard, and Kfin Technologies Limited is managing the issue as the registrar.
The IPO bidding period opened on 10 Sep, 2025, and closed on 12 Sep, 2025. The allotment results will be announced on 15 Sep, 2025, with a tentative listing date set for 17 Sep, 2025.
The total issue comprises 2,35,00,000 shares, amounting to ₹143.35 Cr.
Dev Accelerator IPO Highlights
IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
---|---|---|---|---|---|---|---|
Sep 10, 2025 - Sep 12, 2025 | 17 Sep, 2025 | ₹2 Per Equity Share | ₹56-61 per equity share | 235 Shares | Shares | - | BSE, NSE |
Dev Accelerator IPO Timeline
Issue 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 Financial Information
Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
---|---|---|---|---|---|---|
31 Mar 25 | 540.38 | 178.89 | 1.74 | 54.79 | - | 130.67 |
31 Mar 24 | 411.09 | 110.73 | 0.43 | 28.79 | - | 101.05 |
31 Mar 23 | 282.42 | 71.37 | -12.83 | 1.22 | - | 33.20 |
All values are in ₹ Cr.
Dev Accelerator IPO Valuations
EPS PRE IPO ₹0.26/- | EPS POST IPO ₹0.19/- | PE PRE IPO 233.25 | PE 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 |
About 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 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 |
Retail:146.0x
BHNI:15.0x
SHNI:102.0x times
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
C-01, The First Commercial Complex, behind Keshavbaug Party Plot, Vastrapur, Ahmedabad, Gujarat, 380015Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: dal.ipo@kfintech.com