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Dev Accelerator Ltd.

Dev Accelerator Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹61
₹61
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹61
Based on GMP
Min. Investment
₹14,335
1 lot × 235 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
10 Sep 2025
Close Date
12 Sep 2025
Allotment
15 Sep 2025
Listing Date
17 Sep 2025
Exchange
NSE & BSE
Price Band
₹61
Listing Price
See chart
Allotment Status
Price Band
₹61
Per share
Face Value
₹2 per share
 
Lot Size
235 Shares
per lot
Issue Size
2,35,00,000 shares (aggregating up to ₹143.35 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,335
1 lot
Pre-IPO Holding
6,66,87,515 shares
Promoters
Post-IPO Holding
9,01,87,515 shares
Promoters
P/E (Pre)
233.25x
 
P/E (Post)
315.45x
 
EPS (Pre)
₹0.26
 
EPS (Post)
₹0.19
 
UPI Deadline
2025-09-12
Mandate
Anchor AllotmentTue, 09 Sep 2025
Basis of AllotmentMon, 15 Sep 2025
Refund InitiationTue, 16 Sep 2025
Demat CreditTue, 16 Sep 2025
Listing DayWed, 17 Sep 2025
UPI Mandate Deadline2025-09-12
Sale TypeFresh Capital
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Dev Accelerator Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 12 Sep 2025.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
23,500,000
100% ₹143.35
IPO Shares Offered
Dev Accelerator Ltd. IPO total issue size: ₹143.35 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 23,500,000 ₹143.35
100.00%
* Based on upper price band ₹61 per share
Lot Size & Investment
Lot Size
235
Shares per Lot
Issue Price
₹61.00
Upper Band
Min Investment
₹14,335
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2470₹28,670
Retail (Max — 13 Lots)133,055₹186,355
S-HNI (Min — 14 Lots)143,290₹200,690
B-HNI (Min — 70 Lots)7016,450₹1,003,450
* Issue Price ₹61 × Lot Size 235 shares
IPO Schedule
Anchor
09 Sep 2025
✓ Done
IPO Open
10 Sep 2025
✓ Done
IPO Close
12 Sep 2025
✓ Done
Allotment
15 Sep 2025
✓ Done
Refunds
16 Sep 2025
✓ Done
Demat Credit
16 Sep 2025
✓ Done
Listing Day
17 Sep 2025
✓ Done
Dev Accelerator Ltd. — Live Price LIVE
₹61.00
INR · BSE
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Issue ₹61.00 Live Price
About Dev Accelerator Ltd.
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.
Objects of the Issue
1
1 Capital expenditure for fit-outs in the new Centres and for security deposits of the new Centres.
2
2 Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company including redemption of NCDs
3
3 General corporate purposes
Dev Accelerator Ltd. Financials (Amount in Crore)
Revenue from Operations
₹71.4
31 Mar 2023
₹110.7
31 Mar 2024
₹178.9
31 Mar 2025
Profit After Tax (PAT)
-₹12.8
31 Mar 2023
₹0.4
31 Mar 2024
₹1.7
31 Mar 2025
Particulars31 Mar 202531 Mar 202431 Mar 2023
Revenue from Operations 178.89 110.73 71.37
EBITDA 80.46 64.74 29.88
Profit After Tax (PAT) 1.74 0.43 -12.83
Net Worth 54.79 28.79 1.22
Total Assets 540.38 411.09 282.42
Reserves & Surplus N/A N/A N/A
Borrowings 130.67 101.05 33.20
EBITDA Margin (%) 50.64%
PAT Margin (%) 1.00%
P/BV Ratio
7.94
RoCE
25.95%
RoNW
3.24%
PAT Margin
1.00%
EBITDA Margin
50.64%
Debt/Equity
2.39
Issue Structure & Shareholding
Total Shares Offered2,35,00,000 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding6,66,87,515 shares
Post-Issue Promoter Holding9,01,87,515 shares
P/BV Ratio7.94
RoEN/A
RoCE25.95%
Debt / Equity2.39
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Pantomath Capital Advisors Pvt.Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Dev Accelerator Ltd. IPO subscribed?

Dev Accelerator Ltd. IPO is subscribed 1.00 times by Sep 12, 2025. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Dev Accelerator Ltd. IPO retail subscription status?

The Dev Accelerator Ltd. IPO retail category is subscribed 1.00 times as of 12 Sep 2025. The retail portion is oversubscribed.

How to subscribe Dev Accelerator Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 10 Sep 2025 and closes 12 Sep 2025. Min investment: ₹14,335 (1 lot = 235 shares). UPI mandate: 2025-09-12.

How many times Dev Accelerator Ltd. IPO subscribed?

The Dev Accelerator Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Dev Accelerator Ltd. IPO allotment?

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 15 Sep 2025. Refunds: on 16 Sep 2025.

When Dev Accelerator Ltd. IPO will be listed?

The Dev Accelerator Ltd. IPO listing date is 17 Sep 2025, Wednesday. Listed on: NSE & BSE. Issue price: ₹61. Estimated listing: ₹61. GMP: NIL.

When Dev Accelerator Ltd. IPO close?

The Dev Accelerator Ltd. IPO closes on 12 Sep 2025, Friday. UPI mandate: 2025-09-12. Allotment: 15 Sep 2025. Listing: 17 Sep 2025.