DEV ACCELERATOR LIMITED

10 Sep 2025 - 12 Sep 2025 Individual Category Main Board BSE NSE

Min Investment

₹14335

Price Band

₹56-₹61

Issue Size

131.47 lakhs
Equity Shares

Lot Size

235 (per lot)

IPO Dates
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10 Sep 2025

Open Date

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12 Sep 2025

Close Date

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15 Sep 2025

Allotment Date

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17 Sep 2025

Listing Date

Dev Accelerator IPO open date is September 10, 2025, and the closing date is September 12, 2025. This new IPO is a book-built issue of 2,35,00,000 equity shares worth up to Rs 143.35 crores. The issue is entirely a fresh issue of 2.35 crore shares worth up to Rs 143.35 crore.Dev Accelerator IPO price band is Rs 56 to Rs 61 per share. As of now, the Dev Accelerator IPO GMP has not started yet. Live IPO Grey Market Premium details will be available online. However, the Dev Accelerator IPO DRHP was filed on September 30, 2024, with SEBI.Dev Accelerator IPO allotment status is available on Monday, September 15, 2025. Dev Accelerator IPO lot size is 235 shares. The minimum investment for retail investors for one lot is Rs 14,335. The registrar for the Dev Accelerator IPO is Kfin Technologies Ltd. Dev Accelerator IPO listing date is September 17, 2025.

Know Before Investing

Strengths icon

  • Flexible workspace models aligned to evolving business needs.
  • In-house design subsidiary adds execution and cost efficiency.
  • Pan-India footprint with 28 operational centres.

Weaknesses icon

  • Limited global presence versus international competitors.
  • Heavy reliance on leased commercial real estate.
  • Demand tied to cyclical commercial real estate trends.

About Dev Accelerator Limited

Dev Accelerator Ltd. was established in 2017 and has quickly become a key provider of flexible workspace solutions across India. Specialising in managed office spaces and coworking environments, the company operates 25 centres in 11 cities, managing over 806,635 square feet and serving more than 230 clients as of August 2024. Dev Accelerator’s integrated service platform covers the entire process—sourcing, customising, and developing offices, as well as technology implementation and complete asset management. With a focus on Tier 2 cities such as Ahmedabad, Indore, Jaipur, and Vadodara, the company has achieved high occupancy rates, consistently above 85%. Their continuous growth is reflected in a revenue increase from ₹69.91 crore in FY23 to ₹158.87 crore in FY25. Certified for quality (ISO 9001:2015) and information security (ISO 27001:2022), Dev Accelerator delivers scalable, customizable workspaces designed for evolving business needs.

Founded

2017

Managing Director

Umesh Satishkumar Uttamchandani

Parent Organization

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IPO Objectives

Dev Accelerator intends to utilise the net proceeds from its IPO primarily towards repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the company, and for general corporate purposes.

Company Promoters

Parth Shah

Umesh Uttamchandani

Rushit Shah

Dev Information Technology Limited

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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