Dev Accelerator IPO Details
| IPO Open Date: | 2025 |
| IPO Close Date: | 2025 |
| Face Value: | ₹2 Per Equity Share |
| IPO Price Band: | ₹[.] to ₹[.] Per Share |
| Issue Size: | Approx ₹[.] Crores |
| Fresh Issue: | Approx ₹[.] Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 10% |
| QIB Quota: | Not more than 75% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Dev Accelerator IPO Market Lot
The Dev Accelerator IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares of ₹[.] amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 13 | – | ₹- |
| S-HNI Minimum | 14 | – | ₹- |
| B-HNI Minimum | 68 | – | ₹- |
Dev Accelerator IPO Dates
The Dev Accelerator IPO date is 2025 and the close date is 2025. The Dev Accelerator IPO allotment will be finalized on 2025 and the IPO listing on 2025.
| IPO Open Date: | 2025 |
| IPO Close Date: | 2025 |
| Basis of Allotment: | 2025 |
| Refunds: | 2025 |
| Credit to Demat Account: | 2025 |
| IPO Listing Date: | 2025 |
Promoters of Dev Accelerator IPO
The promoters of the company are Umesh Uttamchandani, Parth Shah, Rushit Shah And Dev Information Technology Limited.
About Dev Accelerator IPO
DEV Accelerator was established in 2017 and is one of the major flexible workspace providers in Tier 2 cities in India. The company mainly concentrates on building fully managed, custom-built office workspace for businesses. They have established its business presence across 15 different locations. The tier 1 consists of cities like Delhi NCR, Hyderabad, Mumbai, and Pune, whereas Tier 2 cities consist of Ahmedabad, Gandhinagar, Indore, Jaipur, Udaipur, and Vadodara.
The company started its business in 2017 by offering office space solutions to various businesses that meet the requirements of the various needs. Finding appropriate office spaces, customizing designs, building the spaces, and providing technology solutions are some of the services the company provides to its customers. The company caters to more than 230 clients and has 25 centers across 11 cities in India. As of August 31, 2024, the company manages 12,691 seats spanning a total of 806,635 square feet.
Dev Accelerator IPO Company Financial Report
The company reported revenue of ₹110.73 crores in 2024 against ₹71.37 crore in 2023. The company reported profit of ₹0.44 crores in 2024 against loss of ₹12.83 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹31.37 | ₹39.51 | ₹7.51 | ₹100.80 |
| 2023 | ₹71.37 | ₹87.50 | ₹12.83 | ₹282.42 |
| 2024 | ₹110.72 | ₹119.50 | ₹0.44 | ₹411.09 |
Dev Accelerator IPO Valuation – FY2024
Check Dev Accelerator IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | [.]% |
| ROCE: | 15.26% |
| EBITDA Margin: | 59.90% |
| PAT Margin: | 0.39% |
| Debt to equity ratio: | 3.51 |
| Earning Per Share (EPS): | ₹347.30 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 1.50% |
| Net Asset Value (NAV): | ₹4.68 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Awfis Space Solutions Ltd | (2.79) | NA | (6.99) | 24.45 | 848.82 Cr. |
Objects of the Issue
- 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 non-convertible debentures issued by our Company (“NCDs”) in; and
- General corporate purposes.
Dev Accelerator IPO Review
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Dev Accelerator IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
E-mail: dal.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- Pantomath Capital Advisors Private Limited
Company Address
Dev Accelerator Limited
C-01, The First Commercial Complex,
behind Keshavbaug Party Plot,
Vastrapur, Ahmedabad, Gujarat – 380015, India
Phone: 7041482004
Email: compliance@devx.work
Website: http://www.devx.work/
Dev Accelerator IPO FAQs
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Note: The Dev Accelerator IPO price band and date are officially announced. The (Dev Accelerator IPO grey market premium) will be added to the IPO GMP page as it will start).
