Dev Accelerator IPO Will Open On Sep 10, 2025 And Close On Sep 12, 2025.The ₹143.35 Cr. IPO Is A Book Build Issue, Consisting Entirely of A Fresh Issue and offer for Sale. Dev Accelerator IPO Price Band Is Set At ₹56 to ₹61 Per Share.
The Allotment will Be Finalized On Sep 15, 2025 and Listing date is Expected on The NSE BSE By Sep 17, 2025. Investor Quota like 75% QIB, 10% Retail, and 15% HNI Category.
Financial Year 2025 Company Posted a Revenue of ₹178.89 Cr. and A Net Profit of ₹1.74 Cr. Showing Strong Growth From The Previous Year. Based On Financial, The IPO Looks Promising For Long-term Investors.
About Dev Accelerator Limited
Our Company was originally incorporated on September 14, 2017 as “Dev Accelerator Limited” We are one of the Largest flex space operators in terms of operational flex stock in Tier 2 markets .we have established our presence in both Tier 1 and Tier 2 markets across India, including regions such as Delhi NCR, Hyderabad, Mumbai, Pune, Ahmedabad, Gandhinagar, Indore, Jaipur, Udaipur, Rajkot and Vadodara as of May 31, 2025.
Our Comprehensive office Space Solutions include sourcing office spaces, customizing designs, developing spaces and Providing Technology Solutions to Providing Complete Asset Management.
This means we not only create and manage office environments but also ensure that they operate efficiently, allowing our clients to focus on their core business
activities. For this purpose, we ensure property upkeep, including regular cleaning, HVAC (heating, ventilation, and air conditioning) maintenance, plumbing, electrical systems, house keeping, administrative assistance, etc. This ensures that the office environment is always ready for use, without clients needing to manage these day-to-day operational tasks.
We have over 250 clients and 28 centers across 11 cities in India, with 14,144 seats covering a total area under management of SBA 860,522 square feet.
Dev Accelerator IPO Dates & Price Band Details
| Open Date | Sep 10, 2025 |
|---|---|
| Close Date | Sep 12, 2025 |
| Price Band | ₹56 to ₹61 per share |
| Face Value | ₹2 per equity share |
| Lot Size | 235 Shares |
| Minimum Investment | ₹14,335 Thousand (for 1 lot at ₹61) |
| Type | Fresh Issue |
| Issue Size | 2,35,00,000 shares (Approx ₹143.35 Cr) |
| Issue Type | Book building IPO |
| Retail Investor Quota | 10% |
| QIB Quota | 75% |
| NII (HNI) Quota | 15% |
| Listing Exchange | NSE, BSE |
| Anchor Investor List | Click Here |
| DRHP (Draft Prospectus) | Click Here |
| RHP (Final Prospectus) | Click Here |
Dev Accelerator IPO Market Lot Size
The Minimum Lot Size For The Dev Accelerator IPO is 235 Shares, Requiring An Application Amount of ₹14,335 For Retail Investors. Investors Must Apply in Multiples of The Lot Size.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 235 | ₹14,335 |
| Retail (Max) | 13 | 3,055 | ₹1,86,355 |
| S-HNI (Min) | 14 | 3,290 | ₹2,00,690 |
| S-HNI (Max) | 69 | 16,215 | ₹9,89,115 |
| B-HNI (Min) | 70 | 16,450 | ₹10,03,450 |
Objects Of The Issue
- Capital expenditure for fit-outs in the Proposed Centers.
- 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”).
- General corporate purposes.
Dev Accelerator IPO Allotment & Listing Dates
Dev Accelerator IPO Will Open on Sep 10, and Close on Sep 12, 2025. The allotment is Expected on Sep 15, With the Listing Scheduled on NSE BSE For Aug 17, 2025 (More information below table).
| Anchor Investor Bidding | Tue, Sep 9, 2025 |
|---|---|
| IPO Opens | Wed, Sep 10, 2025 |
| IPO Closes | Fri, Sep 12, 2025 |
| Allotment Finalisation | Mon, Sep 15, 2025 |
| Refunds / Unblocking | Tue, Sep 16, 2025 |
| Shares Credited to Demat | Tue, Sep 16, 2025 |
| Listing Date | Wed, Sep 17, 2025 |
Dev Accelerator IPO Financial Report (FY 2025)
Dev Accelerator Reported a total Revenue of ₹178.89 Cr. in FY 2025, Slightly up From ₹110.73 Cr. in FY 2024. The Company Net Profit Also Rose to ₹1.74 Cr. From ₹0.43 Cr. in the Previous Year Showing Consistent Financial Growth Ahead of its IPO. (More information below table).
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 540.38 | 411.09 | 282.42 |
| Revenue | 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 |
Dev Accelerator IPO Valuation Report – FY 2025 (KPI)
Check Detailed Dev Accelerator IPO Valuation Metrics for FY 2025, including EPS, P/E Ratio, RoNW, NAV, ROCE, and other key financial indicators. These Ratios help Investors Assess the Company financial Health & Valuation Before applying for The IPO. (More information below table).
| KPI | Value |
|---|---|
| Return on Capital Employed (ROCE) | 25.95% |
| EBITDA Margin | 50.64% |
| PAT Margin | 1.00% |
| Debt-to-Equity Ratio | 2.39 |
| Earnings Per Share (EPS) | 0.27 |
| Price to Earnings Ratio (P/E) | 225.92 |
| Return on Net Worth (RoNW) | 3.24% |
| Net Asset Value (NAV) | 7.68 |
Our Competitive Strengths
- Leadership position as one of the largest managed space operator in Tier 2 markets well positioned to capture industry tailwinds and growth prospects for the flexible workspace sector in India.
- Pan-India presence with consistently high occupancy rates across our Centers.
- Customer-centric business model with an integrated platform approach, ensuring long-term relationships with customers.
- Delivering strong financial and operating metrics.
- Experienced Promoters and management team with deep industry expertise.
Our Company Promoters
- Parth Naimeshbhai Shah,
- Umesh Satishkumar Uttamchandani,
- Rushit Shardulkumar Shah,
- Jaimin Jagdishbhai Shah,
- Pranav Niranjan Pandya,
- Amisha Jaimin Shah,
- Kruti Pranav Pandya,
- Dev Information Technology Limited.
Dev Accelerator Comparison With Industry Peers
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Also Read: Dev Accelerator IPO GMP Today, Grey Market Premium Live
Dev Accelerator Company Contact Details
Corporate Office: 8th Floor,
Shaligram Corporates,C.J. Marg,
Ambli, Ahmedabad – 380058,
Gujarat India
Tel: 079 67777600
E-mail: cs@amanta.co.in
Website: www.amanta.co.in
Dev Accelerator Lead Manager
Beeline Capital Advisors Private Limited
B 1311-1314 Thirteenth Floor
Shilp Corporate Park, Rajpath Rangoli Road
Thaltej, Ahmedabad 380054, Gujarat
Telephone: +91 79 4918 5784
E-mail: mb@beelinemb.com
Website: www.beelinemb.com
Dev Accelerator IPO Registrar
MUFG Intime India Private Limited
C-101, 1st Floor, 247 Park, L.B.S. Marg
Vikhroli (West), Mumbai 400 083, Maharashtra
Telephone: +91 8108114949
E-mail: amantahealthcare.ipo@linkintime.co.in
Website: www.linkintime.co.in
Dev Accelerator IPO FAQs
Question 1: What is the Dev Accelerator IPO?
Answer 1: Dev Accelerator IPO is a Mainboard IPO of 2,35,00,000 equity shares of the face value of ₹10 approximately up to ₹143.35 Cr. The issue is price at ₹56 to ₹61 per share.
The Dev Accelerator IPO opens on 10, Sep 2025 and closes on 12, Sep2025.
MUFG Intime India Private Limited is the registrar for the IPO. The shares to be listed on NSE BSE.
Question 2: How to apply in Dev Accelerator IPO through Groww?
Answer 2: Groww customers can apply online in Dev Accelerator IPO using UPI as a payment gateway. Groww customers can apply in Dev Accelerator IPO by login into Groww (back office) and submitting an IPO application form.
Steps to apply in Dev Accelerator IPO through Groww –
- Visit the Groww website and login to Groww.
- Go to Main Page and click the Products & tools and click IPO tab.
- New page Open and Show ‘Dev Accelerator IPO’ click the ‘Apply’ button.
- Show IPO detail Shares lot Size and Bid Price & click here to Cutoff Price check Box and Continue.
- Inter Your UPI id like . 95****299@kotak accept terms and condition click Box and Apply For IPO
- groww share payment link Your UPI Mobile Number Pay Payment for IPO Bid to approve the e-mandate successfully submit application .
Question 3: When Dev Accelerator IPO will open?
Answer 3: The Dev Accelerator IPO opens on Sep 10, 2025 and closes on Sep 12, 2025.
Question 4: What is the lot size of Dev Accelerator IPO?
Answer 4: Dev Accelerator IPO lot size and the minimum order quantity is 235 Shares.
Question 5: How to apply for Dev Accelerator IPO?
Answer 5: You can apply in Dev Accelerator IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Groww, Zerodha, Upstox, 5Paisa, Phonepe Share Market, HDFC Bank, and Angel one.
Question 6: When is Dev Accelerator IPO allotment date?
Answer 6: The Basis of Allotment for Dev Accelerator IPO will be on Mon, Sep 15, 2025, and the allotted shares will be credited to your demat account by, Tue, Sep 16, 2025. For Check the Dev Accelerator IPO allotment status.
Question 7: When is Dev Accelerator IPO listing date?
Answer 7: The Dev Accelerator IPO listing date is Sep 17, 2025. The date of Dev Accelerator IPO listing on Wed, Sep 17, 2025.
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