Loading...
Dev Accelerator Ltd. IPO Details – Price, Date, GMP & Analysis
Listed
Mainboard
Price Range:
Rs.61.00
Issue Size:
Rs.143.35 Cr
Lot Size:
235 shares
Open Date:
September 10
Dev Accelerator Ltd. IPO Overview
Bidding Dates
September 10 - September 12
Min Investment
₹14,335
Price Range
₹61.00
Issue Size
₹143.35 Cr
IPO DRHP Doc
Company Overview
Established in 2017, Dev Accelerator Limited, commonly known as DevX, provides flexible office spaces, including coworking environments. The company has expanded to 15 centers across major Indian cities. Its business model focuses on customizable workspace solutions for modern businesses, accommodating remote work trends and offering flexible lease options. As of August 31, 2024, DevX services over 230 clients with 25 centers across 11 cities, covering 806,635 square feet. The company has signed LOIs for three new centers, including its first international center in Sydney, Australia, and a new center in Surat, offering 11,500 seats across 897,341 sq. ft. DevX also provides design and execution services through its subsidiary, Neddle and Thread Designs LLP.
IPO Timeline
Opens
Sep 10
Closes
Sep 12
Allotment
Sep 15
Refunds
Sep 16
Shares Credit
Sep 16
Listing
Sep 17
Opens
Sep 10
Closes
Sep 12
Allotment
Sep 15
Refunds
Sep 16
Shares Credit
Sep 16
Listing
Sep 17
Latest Subscription Data
| Category | Subscription | Status |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 20.30x | Oversubscribed |
| NII (Non-Institutional Investors/HNI) | 87.97x | Oversubscribed |
| RII (Retail Individual Investors) | 164.89x | Oversubscribed |
| Total Subscription | 64.00x | Oversubscribed |
Last updated: Sep 12, 2025, 05:06 PM
Current GMP:
Rs.6
Est. Listing:
Rs.67
Est. Gain:
+9.8%
Star Rating:
★★★★★(0/5)
Financial Information
Financial Data Table
Detailed breakdown of financial metrics across years
| Financial Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Assets | ₹540.38 Cr | ₹411.09 Cr | ₹282.42 Cr |
| EBITDA | ₹80.46 Cr | ₹64.74 Cr | ₹29.88 Cr |
| Net Worth | ₹54.79 Cr | ₹28.79 Cr | ₹1.22 Cr |
| Profit After Tax | ₹1.74 Cr | ₹0.43 Cr | ₹12.83 Cr |
| Total Borrowing | ₹130.67 Cr | ₹101.05 Cr | ₹33.2 Cr |
| Total Income | ₹178.89 Cr | ₹110.73 Cr | ₹71.37 Cr |
Financial data is visualized in the chart above
Strengths & Risks Analysis
Strengths & Risks Analysis
Detailed strengths and risks analysis will be available when the company releases its prospectus and detailed documentation.
Read Company ProspectusIPO Details
Dev Accelerator IPO Details
| Face Value | ₹2 per share |
| IPO Date | September 10, 2025 to September 12, 2025 |
| Issue Price Band | ₹56 to ₹61 per share |
| Issue Price Final | ₹61 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Listing Date | September 17, 2025 |
| Lot Size | 235 Shares |
| Sale Type | Fresh Capital |
| Share Holding Post Issue | 9,01,87,515 shares |
| Share Holding Pre Issue | 6,66,87,515 shares |
| Total Issue Size | 2,35,00,000 shares (aggregating up to ₹143.35 Cr) |
Dev Accelerator IPO Reservation
Share Reservation Distribution
QIB
17,254,875 shares (73.43%)
Anchor Investors
10,352,925 shares (44.06%)
QIB (Ex-Anchor)
6,901,950 shares (29.37%)
HNI (NII)
3,450,975 shares (14.69%)
bNII (>₹10L)
2,300,650 shares (9.79%)
Retail
2,300,650 shares (9.79%)
sNII (<₹10L)
1,150,325 shares (4.9%)
Shareholders
329,000 shares (1.4%)
Employee
164,500 shares (0.7%)
Dev Accelerator IPO Promoter Holding
| Promoter Holding Post Issue | 36.80% |
| Promoter Holding Pre Issue | 49.80% |
Dev Accelerator IPO Listing Details
| BSE Listing Group | T |
| BSE Script Code | 544513 |
| Final Issue Price | ₹61 per share |
| ISIN | INE0VOV01021 |
| Listing Date | September 17, 2025 |
| NSE Listing Group | BE (Trade to Trade) |
| NSE Symbol | DEVX |
Key Dates
Open Date:September 10
Close Date:September 12
Listing Date:September 17
