DEV ACCELERATOR LIMITED

Price Band

₹ 56 - ₹ 61

Bid Lot

235 Shares

DEV ACCELERATOR LIMITED

10-Sep-2025 - 12-Sep-2025

Price Band

₹ 56 - ₹ 61

Minimum Investment

₹ 14335.00

Bid Lot

235 Shares

Shares

23,499,910

  • Face Value -  Rs. 2/- Per Share
  • Lisitng at  BSE, NSE
  • 9,789 Application Required in Retail for 1 Time.
  • Registrar :  KFin Technologies Limited

IPO Details

QIB
75%

(17,254,875 Shares)RS.105.25 CR

HNI 1
5%

(1,150,325 Shares)RS.07.02 CR @ 350 FORM 1X

HNI 2
10%

(2,300,650 Shares)RS.14.03 CR @ 699 FORM 1X

Retail
10%

(2,300,650 Shares)RS.14.03 CR @ 9790 FORM 1X

Employee
0%

(164,500 Shares)RS.1.00 CR

ShareHolder
0%

(329,000 Shares)RS.2.00 CR

Timeline

  • 10

    Sep-2025

    Open Date

  • 12

    Sep-2025

    Close Date

  • 15

    Sep-2025

    Basis of Allotment Date

  • 16

    Sep-2025

    Initiation of Refunds

  • 16

    Sep-2025

    Credit of Shares to Demat A/C

  • 17

    Sep-2025

    IPO Listing Date

HNI Cost

About Company

Established in 2017, Dev Accelerator Limited, commonly known as DevX, provides flexible office spaces, including coworking environments. The company has expanded its presence to 15 centers across India, encompassing major cities such as Delhi-NCR, Hyderabad, Mumbai, and Pune.

The company's business model focuses on providing flexible workspace solutions tailored to the evolving needs of modern businesses. This includes offering customizable desks and suites, accommodating remote work trends, and providing flexible lease options.

As of May 31, 2025, the company serves over 250 clients and has 28 centres across 11 cities in India, with 14,144 seats covering a total area under management of 860,522 square feet.

The company have signed Letters of Intent (LOIs) for three new centers, including the company's first international centre in Sydney, Australia. Additionally, we have leased space for a new center in Surat. These upcoming centers will offer 11,500 seats across a total area of 897,341 sq. ft.

Dev Accelerator Limited provide flexible office space solutions, including managed offices and coworking spaces, to large corporates, MNCs, and SMEs. The company's subsidiary, Neddle and Thread Designs LLP, also offers design and execution services.

Strengths

Company Promoters

Company Financials

Period Ended 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 540.38 411.09 282.42
Total Income 178.89 110.73 71.37
Profit After Tax 1.74 0.43 -12.83
EBITDA 80.46 64.74 29.88
Net Worth 54.79 28.79 1.22
Total Borrowing 130.67 101.05 33.20
Amount in ? Crore

Objects of the Issue

The Company Dev Accelerator IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

S.No. Objects of the Issue Expected Amount (? in crores)
1 Capital expenditure for fit-outs in the new Centres and for security deposits of the new Centres. 73.12
2 Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company including redemption of NCDs 35.00
3 General corporate purposes

How to Apply

Apply for IPO in few simple steps.

  • Step 1

    Once you create your account, Login to Easy Investing.

  • Step 2

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 3

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 4

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 5

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with Easy Investing, in just a few clicks your application is processed. You can bid for any IPO through Easy Investing, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on Easy Investing’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

FAQs

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