Dev Accelerator Ltd. IPO

Min Investment
₹ 14,335 / 235 shares
Price Range
₹56 - ₹ 61
Bidding Dates
10 Sep '25 - 12 Sep '25
Total Issue Value
143.35 Cr
Lot Size
235
Total Issue Size
143.35 Cr
Listing At
BSE, NSE
Subscription
36.60 times
BSE Price
41.23 (-32.41%)
NSE Price
41.28 (-32.33%)

IPO Timeline

  • 10 Sep 2025
    Bidding Starts
  • 12 Sep 2025
    Bidding Ends
  • 15 Sep 2025
    Allotment Finalization
  • 17 Sep 2025
    Listing

About Dev Accelerator Ltd.

We offer space solutions in the form of flexible workspaces to our clients, from individual desks to customized office spaces with exclusive access for clients. We have established ourselves as a one-stop integrated solution platform for any flexible workplace requirement. We source and procure ... Read more

Parent organisation
Founded
Dev Accelerator Ltd.
2020

Dev Accelerator Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 1,03,52,925 (44.06%)
Employee Reserved 1,64,500 (0.7%)
Non Institutional Investors 34,50,975 (14.69%)
Qualified Institutional Buyers (QIBs) 69,01,950 (29.37%)
Retail Individual Investors (RIIs) 23,00,650 (9.79%)
Shareholder Reservation 3,29,000 (1.4%)

Dev Accelerator Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2025 148.86 Cr 1.49 Cr 37.65 Cr
31 Mar 2024 101.23 Cr 51.04 Lakh 25.40 Cr
31 Mar 2023 62.16 Cr -12.77 Cr -2.25 Cr

Dev Accelerator Ltd. Background

Major Events And Milestones
  • 2017
    Started the business as a limited liability partnership on September 14, 2017 under the name and style of “Dev Accelerator LLP”.
  • 2018
    Launched our first Center in Ahmedabad, admeasuring 49,035 sq. ft. with 1,250 seating capacity.
    Launched our first Center in Vadodara, admeasuring 30,320 sq. ft. with a capacity of 550 seats.
  • 2019
    Launched our first Center in Mumbai admeasuring 21,000 sq. ft. with a capacity of 400 seats.
    Added a new Center in Ahmedabad, admeasuring 25,509 sq. ft. with 550 seating capacity.
  • 2020
    Converted the limited liability partnership into a private limited company on September 5, 2020 under the name and style of ‘Dev Accelerator Private Limited’.
    Launched our first Center in Hyderabad, admeasuring 35,564 sq. ft. with a capacity of 700 seats.
  • 2021
    Added two new Centers in Ahmedabad admeasuring 36,002 sq. ft. with a capacity of 380 seats.
  • 2022
    Launched our first Center in Rajkot, admeasuring 22,173 sq. ft. with a capacity of 280 seats.
    Launched our first Center in Pune, admeasuring 18,682 sq. ft. with a capacity of 400 seats.
    Launched our first Center in Noida, admeasuring 55,866 sq. ft. with a capacity of 800 seats.
    Launched our first Center in Noida, admeasuring 30,900 sq. ft. with a capacity of 350 seats.
    Added a new Center in Mumbai, admeasuring 23,470 sq. ft. with a capacity of 500 seats.
    Added two new Centers in Ahmedabad admeasuring 179,010 sq. ft. with a capacity of 1960 seats.
    Added a new Center in Pune, admeasuring 18,987 sq. ft. with a capacity of 350 seats.
  • 2023
    Launched our first Center in Indore, b admeasuring 19,204 sq. ft. with a capacity of 255 seats.
  • 2024
    Launched our first Center in Udaipur, admeasuring 13,333 sq. ft. with a capacity of 110 seats.
    Added two new Centers in Ahmedabad admeasuring 23,886 sq. ft. with a capacity of 480 seats.
    Our private limited company was converted into a public limited company and received fresh Certificate of Incorporation on September 3, 2024.
  • 2025
    Added a new Center in Pune, admeasuring 28,400 sq. ft. with a capacity of 369 seats.
    Added two new Centers in Hyderabad admeasuring 25,487 sq. ft. with a capacity of 385 seats.
Dev Accelerator Ltd. Object of Issues

1. Capital expenditure for fit-outs in the Proposed Centers
2. Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company including redemption of non-convertible debentures
3. General corporate purposes

Dev Accelerator Ltd. IPO Listing Details
Listing Date
17 Sep 2025
BSE Script Code
DEVACCEL
NSE Symbol
DEVACCEL
ISIN
INE0VOV01021
Final Issue Price
₹ 61
Dev Accelerator Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price ₹ 61.00 ₹ 61.00
Open ₹ 61.30 ₹ 61.00
Low ₹ 59.00 ₹ 59.00
High ₹ 64.36 ₹ 64.05
Last Trade ₹ 64.36 ₹ 64.05
Dev Accelerator Ltd. Company Promoters

1. Parth Naimeshbhai Shah
2. Umesh Satishkumar Uttamchandani
3. Rushit Shardulkumar Shah
4. Jaimin Jagdishbhai Shah
5. Pranav Niranjan Pandya
6. Amisha Jaimin Shah
7. Kruti Pranav Pandya
8. Dev Information Technology Limited

Industry Overview

Flex space operators are playing a crucial role in India’s office markets. The top seven markets account for ~75-80% of the total office market activity in India. In 2024, flex space accounted for 20% of gross leasing, highlighting its growing significance. It is worth noting that the flex ... Read more

Dev Accelerator Ltd. Contact Details
Address: C-01, The First Commercial Complex, behind Keshavbaug Party Plot, Vastrapur, Ahmedabad Gujarat - 380015
Phone no:7041482004
7041482004
|
Dev Accelerator Ltd. IPO Registrar
KFin Technologies Ltd.
Karvy Selenium, Tower B, Plot No. 31 & 31, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad, Ranga Reddy District Telangana - 500032
67162222
Dev Accelerator Ltd. IPO Lead Manager(s)
Pantomath Capital Advisors Pvt. Ltd.
Pantomath Nucleus House, Sakivihar Road, Andheri East, Mumbai Maharashtra - 400072
61946700

FAQs

When does Dev Accelerator Ltd. IPO opens and closes?

Dev Accelerator Ltd. IPO opens from 10th September to 12th September 2025.

What is the size of Dev Accelerator Ltd. IPO?

The size of the Dev Accelerator Ltd. IPO is ₹143.35 Cr.

What is the price range of Dev Accelerator Ltd. IPO?

The price range of Dev Accelerator Ltd. IPO is at ₹56 to ₹61 per share.

What is the minimum investment and lot size required for the Dev Accelerator Ltd. IPO?

The minimum investment required is ₹14,335 and minimum lot size is 235 shares.

When is Dev Accelerator Ltd. IPO listing date?

The Dev Accelerator Ltd. IPO will be listed on 17th September 2025.

What is the objective of Dev Accelerator Ltd. IPO?

1. Capital expenditure for fit-outs in the Proposed Centers
2. Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company including redemption of non-convertible debentures
3. General corporate purposes

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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