Dev Accelerator Limited

Dev Accelerator Limited IPO

BSE, NSEClosed
Check Allotment
Sep 10, 2025Open Date
Sep 12, 2025Close Date
TBAAllotment Date
Sep 17, 2025Listing Date

Subscription Details

View Subscription Details
Retail164.72x
QIB20.30x
NIIs (Non-Institutional Investors)Main Category
87.97x

↳ NII Sub-Categories

sHNI (< ₹10L)

Bids ₹2L to ₹10L

106.02x

bHNI (> ₹10L)

Bids above ₹10L

78.94x

Overall Subscription

Total Bids Received

63.97x

Updated: 10 Jul, 06:09 pm

Dev Accelerator Limited IPO Issue Details

Issue Price₹56-61 Per Equity Share
Face Value₹2 Per Equity Share
Fresh Share2,35,00,000 shares(aggregating up to ₹143.35 crore)
Listing AtBSE, NSE
Listing DateSep 17, 2025
RegistrarKfin Technologies Limited

Market Lot Details

CategoryLotsSharesAmount
sHNI (Min)143,290₹2,00,690
sHNI (Max)6916,215₹9,89,115
bHNI (Min)7016,450₹10,03,450

Reservation Details

CategoryShares Offered%
NII34,50,97514.69%
QIB69,01,95029.37%
Anchor1,03,52,92544.06%

Company Information

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 pr...

Valuations

EPS (Pre-IPO)

0.26

EPS (Post-IPO)

0.19

P/E (Pre-IPO)

233.25

P/E (Post-IPO)

315.45

RoNW

3.24%

PAT Margin

1.00%

P/B Value

7.94

Financial Information (₹ in Crores)

MetricFY 25FY 24FY 23
Total Assets540.38411.09282.42
Total Revenue178.89110.7371.37
Profit After Tax1.740.4312.83
Net Worth54.7928.791.22

* All figures are in ₹ Crores unless otherwise stated.

Objectives of the Issue

  1. 1Capital expenditure for fit-outs in the new Centres and for security deposits of the new Centres.
  2. 2Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company including redemption of NCDs
  3. 3General corporate purposes.

Dev Accelerator Limited – Promoter(s)

Parth Shah
Umesh Uttamch
ani
Rushit Shah
Dev Information Technology Limited

Contact Details

Corporate Office

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

+91-7041482004

compliance@devx.work

Visit Website

Registrar Contact

Kfin Technologies Limited

04067162222, 04079611000

dal.ipo@kfintech.com

Visit Website

Dev Accelerator Limited IPO Documents

DRHP
RHP
ANCHOR

Frequently Asked Questions — Dev Accelerator Limited IPO

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