Dev Accelerator IPO

Dev Accelerator IPO is a book-built issue worth Rs 143.35 crore, entirely comprising a fresh issue of 2.35 crore shares. The IPO opens on September 10, 2025, and closes on September 12, with allotment expected on September 15 and listing on BSE and NSE scheduled for September 17. The price band is set at Rs 56–61 per share, with a lot size of 235 shares, requiring a minimum retail investment of Rs 14,335. For sNII, the investment is Rs 2,00,690 (3,290 shares), while for bNII, it is Rs 10,03,450 (16,450 shares). Pantomath Capital Advisors is the lead manager, and Kfin Technologies is the registrar.

Dev Accelerator IPO Details

Check out the issue details for Dev Accelerator IPO as disclosed in SEBI.

IPO Price

₹ 61

Price Band

₹ 56 - 61

Issue Size

143.35 Cr.

Issue Type

Book Built

Open

2025-09-10

Close

2025-09-12

Listingprice

₹ 61.3

ListingGain

0.49%

Listing Date

2025-09-17

CMP

₹ 54.99

Current Return

-9.85%

Dev Accelerator News

Dev Accelerator coming with IPO to raise upto Rs 143 crore8 Sep 2025, 3:21PM Dev Accelerator files Rs 125 crore IPO papers with SEBI 7 Oct 2024, 12:25PM

Company Financials

You can get the following financial statements of Dev Accelerator as of now.

Company Name

Dev Accelerator

Exchange

NSE: DEVX BSE: 544513

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

Dev Accelerator IPO Details

The details about the Dev Accelerator IPO are as follows:

  • The issue size of the IPO is Rs 143.35 Cr.
  • The price band for Dev Accelerator IPO is Rs 56 to Rs 61.
  • The shares of Dev Accelerator IPO will list on BSE and NSE.
  • The latest tentative GMP of Dev Accelerator IPO is Rs 8.
  • The shares of Dev Accelerator IPO are subscribed 64.00 Times.

 

Dev Accelerator IPO Valuation

The approximate valuation of Dev Accelerator IPO based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 61
Existing Shares (Qty) 6.66 Cr
Fresh Issue Rs 143.35 Cr
Market Cap Rs 549.61 Cr
EPS (FY25) Rs 0.27
PE Ratio 225.92x
Industry PE 60.95x

 

Dev Accelerator IPO Issue Size

Dev Accelerator IPO issue size is Rs 143.35 Cr.

Issue Amount
Fresh Issue Rs 143.35 Cr
Offer For Sale Rs 0 Cr

 

Dev Accelerator IPO Market Lot

An individual can apply for a minimum of 1 lot of 235 shares and a maximum of 13 lots (3,055 shares). Find the details below:

Application Lot Shares Amount
Retail Minimum 1 235 Rs 14,335
Retail Maximum 13 3,055 Rs 1,86,355

 

Dev Accelerator IPO Share Offer

The shares of Dev Accelerator IPO are subscribed 64.00 Times. The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Not less than 75%
Non-Institutional Not more than 15%
Retail Individual Not more than 10%

 

Dev Accelerator IPO GMP (Grey Market Premium)

As on GMP (Tentative)
10 September 2025 Rs 9
11 September 2025 Rs 11
12 September 2025 Rs 8

Dev Accelerator IPO GMP is purely for informational purposes. Invest in an IPO after thoroughly researching on your own.

Dev Accelerator IPO IPO Dates

Find below the dates for Dev Accelerator IPO

Schedule Date
Basis of Allotment 15 Sep 2025
Refunds 16 Sep 2025
Credit to Demat Account 16 Sep 2025
IPO Listing Date 17 Sep 2025

 

You can check the Dev Accelerator IPO Allotment by clicking on the button below.

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 8.56 24.1 61.24 98.04 127.26
Total Expenditure 4.39 9.89 31 36.14 51.34
Operating Profit 4.18 14.21 30.24 61.9 75.92
Other Income 0.72 0.19 1.15 5.43 21.73
Interest 2.56 7.27 17.28 31 44.46
Depreciation 5.27 15.31 30.1 45 52.2
Exceptional Items 0 0 0 0 0
Profit Before Tax -2.93 -8.18 -15.98 -8.67 0.99
Provision for Tax 0.14 -0.73 -3.21 -9.18 -0.5
Net Profit -3.06 -7.44 -12.77 0.51 1.48
Adjusted EPS (Rs.) -0.07 -0.15 -0.23 0.01 0.02

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 3.59 3.59 3.59 3.59 16.92
Total Reserves -2.97 -5.65 -2.25 25.4 37.65
Borrowings 6.3 10.52 23.64 70.11 95.68
Other N/C liabilities 44.6 64.34 180.32 202.37 236.87
Current liabilities 15.14 23.41 71.65 106.96 130.6
Total Liabilities 66.66 96.21 276.95 408.43 517.71
Assets
Net Block 55.47 78.62 227.59 269 293.3
Capital WIP 0.32 0.32 0.32 0 0
Intangible WIP 0 0 0 0 0
Investments 0.27 1 1.49 10.07 59.41
Loans & Advances 4.27 9.29 22.62 35.15 60.51
Other N/C Assets 0 0 4.34 30.34 26.07
Current Assets 6.34 6.98 20.59 63.87 78.42
Total Assets 66.66 96.21 276.95 408.43 517.71
* Other Non-current Liabilities include Net deferred Liabilities

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2025 36.81 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations -1.42 -8.18 -15.98 -8.67 0.99
Adjustment 0.52 22.24 46.92 74.93 75.35
Changes in Assets & Liabilities 2.64 0.2 -2.23 -46.88 28.25
Tax Paid -0.45 -0.81 -1.24 -3.05 -9.97
Operating Cash Flow 1.29 13.46 27.46 16.32 94.64
Investing Cash Flow -0.41 -7.56 -24.37 -41.44 -40.41
Financing Cash Flow -0.84 -5.72 -3.65 24.98 -53.03
Net Cash Flow 0.04 0.17 -0.56 -0.14 1.19

Dev Accelerator IPO: Date, Share Price, Review & Details

Dev Accelerator Ltd., an Ahmedabad-based provider of flexible workspace solutions, is launching its Initial Public Offering (IPO) on September 10, 2025. The company is one of the largest flex space operators in Tier 2 markets in India and has a growing presence in Tier 1 cities as well.

About Dev Accelerator Ltd.

Dev Accelerator provides a comprehensive range of workspace solutions to a diverse clientele, including corporations, startups, and individual professionals. The company has established a strong foothold in several cities across India, such as Delhi NCR, Mumbai, Pune, Hyderabad, and various cities in Gujarat and Rajasthan. As of May 31, 2025, Dev Accelerator was a significant player in the flexible workspace market, which has seen a compound annual growth rate (CAGR) of 26% since 2018.

Dev Accelerator IPO Details (2025)

  • IPO Open Date: September 10, 2025

  • IPO Close Date: September 12, 2025

  • Price Band: Rs 56 – Rs 61 per share

  • Lot Size: 235 shares

  • Minimum Investment: Rs 14,335 for retail investors at the upper price band.

  • Issue Size: Rs 143.35 crore, consisting entirely of a fresh issue of 2.35 crore equity shares.

  • Listing: The shares will be listed on both the BSE and NSE, with a tentative listing date of September 17, 2025.

  • Registrar: Kfin Technologies Limited.

Use of IPO Proceeds

The net proceeds from the IPO will be primarily used for:

  • Capital expenditure for fit-outs in proposed new centers.

  • Repayment of debt, including redemption of non-convertible debentures.

  • General corporate purposes.

What You Can Find on This Page

This page offers a complete overview of the Dev Accelerator IPO, including:

  • Live IPO Subscription Status: Track the subscription numbers for QIB, NII, and retail categories in real-time.

  • Grey Market Premium (GMP): Get the latest GMP updates to gauge market sentiment.

  • Allotment and Listing Information: Find out the allotment status and track the share price once it is listed. The allotment is expected to be finalized on September 15, 2025.

  • Financial Data: Access detailed financial statements and key performance indicators from the company's Red Herring Prospectus (RHP).

  • Analyst Reviews: Read expert opinions and recommendations on whether to subscribe to the IPO.

Frequently Asked Questions (FAQs) about Dev Accelerator IPO

Q1: What are the key dates for the Dev Accelerator IPO?
The IPO is open from September 10 to September 12, 2025. The tentative listing date is September 17, 2025.

Q2: What is the price band and lot size for the IPO?
The price band is Rs 56 to Rs 61 per share, with a minimum lot size of 235 shares.

Q3: What is the total issue size of the IPO?
The total IPO size is Rs 143.35 crore, and it is entirely a fresh issue of shares.

Q4: How can I check the IPO allotment status?
You can check the allotment status on the registrar's website, Kfin Technologies Limited, after the allotment date, which is scheduled for September 15, 2025.

For the latest updates on the Dev Accelerator IPO, including subscription details, GMP, and listing information, keep visiting this page.

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