DEV ACCELERATOR LIMITED
₹ 56 - ₹ 61
10-Sep-2025 - 12-Sep-2025
₹ 14335.00

/ 235 Shares

DEV ACCELERATOR LIMITED

10-Sep-2025 - 12-Sep-2025

₹ 56 - ₹ 61

Price Band

₹ 14335.00

Minimum Investment

235

Bid Lot

23,499,910

Shares

  • Face Value - ₹ 2/- Per Share

  • Listing at BSE, NSE

  • 9,789 Application Required in Retail for 1 Time.

  • Registrar : KFin Technologies Limited

IPO Details

Category % Shares/Amount
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

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
9790 FORM 1X 350 FORM 1X 699 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 235 ₹ 14,335
Retail (Upto 2 Lakh) 13 3055 ₹ 186,355
S-HNI (2 Lakh to 10 Lakh) 14 3290 ₹ 200,690
S-HNI (2 Lakh to 10 Lakh) 69 16215 ₹ 989,115
B-HNI (Above 10 Lakh) 70 16450 ₹ 1,003,450

IPO Timeline

  • Open Date

    10-Sep-2025

  • Close Date

    12-Sep-2025

  • Basis of Allotment Date

    15-Sep-2025

  • Initiation of Refunds

    16-Sep-2025

  • Credit Shares to Demat A/c

    16-Sep-2025

  • IPO Listing Date

    17-Sep-2025

Subscription as on
12-Sep-2025 12:48

Category Book Size Subscription No. of Times
QIB 6,901,950 ₹ 42.10 Cr. 17,267,565 ₹ 105.33 Cr. 2.50x
HNI (<10 LAKH) 1,150,325 ₹ 7.02 Cr. 69,811,920 ₹ 425.85 Cr. 60.69x
HNI2 (>10 LAKH) 2,300,650 ₹ 14.03 Cr. 93,272,440 ₹ 568.96 Cr. 40.54x
RETAIL 2,300,560 ₹ 14.03 Cr. 252,451,570 ₹ 1539.95 Cr. 109.73x
EMP 164,500 ₹ 1.00 Cr. 1,857,910 ₹ 11.33 Cr. 11.29x
SHA 329,000 ₹ 2.01 Cr. 9,841,330 ₹ 60.03 Cr. 29.91x
Total 13,146,985 444,502,735 33.81x
Category Book Size Subscription No. of Times
QIB 6,901,950 ₹ 42.10 Cr. 17,267,565 ₹ 105.33 Cr. 2.50x
HNI (<10 LAKH) 1,150,325 ₹ 7.02 Cr. 69,811,920 ₹ 425.85 Cr. 60.69x
HNI2 (>10 LAKH) 2,300,650 ₹ 14.03 Cr. 93,272,440 ₹ 568.96 Cr. 40.54x
RETAIL 2,300,560 ₹ 14.03 Cr. 252,451,570 ₹ 1539.95 Cr. 109.73x
EMP 164,500 ₹ 1.00 Cr. 1,857,910 ₹ 11.33 Cr. 11.29x
SHA 329,000 ₹ 2.01 Cr. 9,841,330 ₹ 60.03 Cr. 29.91x
Total 13,146,985 444,502,735 33.81x

*Excluding Anchor

Total No. of Application Approx : ~962614 (98.34 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

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.

Read More

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 01 :

    Once you create your account, Login to InvestoYard.

  • Step 02 :

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

  • Step 03 :

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

  • Step 04 :

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

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with InvestoYard, in just a few clicks your application is processed. You can bid for any IPO through InvestoYard, 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 InvestoYard’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.

Frequently Asked Questions

Check Allotment