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Dev Accelerator Ltd. IPO
IPO Timeline
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10 Sep 2025Bidding Starts
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12 Sep 2025Bidding Ends
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15 Sep 2025Allotment Finalization
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17 Sep 2025Listing
About Dev Accelerator Ltd.
We offer space solutions in the form of flexible workspaces to our clients, from individual desks to customized office spaces with exclusive access for clients. We have established ourselves as a one-stop integrated solution platform for any flexible workplace requirement. We source and procure our workspaces through the Straight Lease Model, Revenue Share Model, Furnished by Landlord model and the OpCo – PropCo Model. Since our inception, 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.
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.
Dev Accelerator Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 1,03,52,925 (44.06%) |
| Employee Reserved | 1,64,500 (0.7%) |
| Non Institutional Investors | 34,50,975 (14.69%) |
| Qualified Institutional Buyers (QIBs) | 69,01,950 (29.37%) |
| Retail Individual Investors (RIIs) | 23,00,650 (9.79%) |
| Shareholder Reservation | 3,29,000 (1.4%) |
Dev Accelerator Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2025 | 148.86 Cr | 1.49 Cr | 37.65 Cr |
| 31 Mar 2024 | 101.23 Cr | 51.04 Lakh | 25.40 Cr |
| 31 Mar 2023 | 62.16 Cr | -12.77 Cr | -2.25 Cr |
Dev Accelerator Ltd. Background
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2017Started the business as a limited liability partnership on September 14, 2017 under the name and style of “Dev Accelerator LLP”.
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2018Launched our first Center in Ahmedabad, admeasuring 49,035 sq. ft. with 1,250 seating capacity.
Launched our first Center in Vadodara, admeasuring 30,320 sq. ft. with a capacity of 550 seats.
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2019Launched our first Center in Mumbai admeasuring 21,000 sq. ft. with a capacity of 400 seats.
Added a new Center in Ahmedabad, admeasuring 25,509 sq. ft. with 550 seating capacity.
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2020Converted the limited liability partnership into a private limited company on September 5, 2020 under the name and style of ‘Dev Accelerator Private Limited’.
Launched our first Center in Hyderabad, admeasuring 35,564 sq. ft. with a capacity of 700 seats.
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2021Added two new Centers in Ahmedabad admeasuring 36,002 sq. ft. with a capacity of 380 seats.
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2022Launched our first Center in Rajkot, admeasuring 22,173 sq. ft. with a capacity of 280 seats.
Launched our first Center in Pune, admeasuring 18,682 sq. ft. with a capacity of 400 seats.
Launched our first Center in Noida, admeasuring 55,866 sq. ft. with a capacity of 800 seats.
Launched our first Center in Noida, admeasuring 30,900 sq. ft. with a capacity of 350 seats.
Added a new Center in Mumbai, admeasuring 23,470 sq. ft. with a capacity of 500 seats.
Added two new Centers in Ahmedabad admeasuring 179,010 sq. ft. with a capacity of 1960 seats.
Added a new Center in Pune, admeasuring 18,987 sq. ft. with a capacity of 350 seats.
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2023Launched our first Center in Indore, b admeasuring 19,204 sq. ft. with a capacity of 255 seats.
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2024Launched our first Center in Udaipur, admeasuring 13,333 sq. ft. with a capacity of 110 seats.
Added two new Centers in Ahmedabad admeasuring 23,886 sq. ft. with a capacity of 480 seats.
Our private limited company was converted into a public limited company and received fresh Certificate of Incorporation on September 3, 2024.
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2025Added a new Center in Pune, admeasuring 28,400 sq. ft. with a capacity of 369 seats.
Added two new Centers in Hyderabad admeasuring 25,487 sq. ft. with a capacity of 385 seats.
1. Capital expenditure for fit-outs in the Proposed Centers
2. Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company including redemption of non-convertible debentures
3. General corporate purposes
| Pricing Details | BSE | NSE |
|---|---|---|
| Issue Price | ₹ 61.00 | ₹ 61.00 |
| Open | ₹ 61.30 | ₹ 61.00 |
| Low | ₹ 59.00 | ₹ 59.00 |
| High | ₹ 64.36 | ₹ 64.05 |
| Last Trade | ₹ 64.36 | ₹ 64.05 |
1. Parth Naimeshbhai Shah
2. Umesh Satishkumar Uttamchandani
3. Rushit Shardulkumar Shah
4. Jaimin Jagdishbhai Shah
5. Pranav Niranjan Pandya
6. Amisha Jaimin Shah
7. Kruti Pranav Pandya
8. Dev Information Technology Limited
Flex space operators are playing a crucial role in India’s office markets. The top seven markets account for ~75-80% of the total office market activity in India. In 2024, flex space accounted for 20% of gross leasing, highlighting its growing significance. It is worth noting that the flex ... Read more
Phone no:7041482004
FAQs
When does Dev Accelerator Ltd. IPO opens and closes?
Dev Accelerator Ltd. IPO opens from 10th September to 12th September 2025.What is the size of Dev Accelerator Ltd. IPO?
The size of the Dev Accelerator Ltd. IPO is ₹143.35 Cr.What is the price range of Dev Accelerator Ltd. IPO?
The price range of Dev Accelerator Ltd. IPO is at ₹56 to ₹61 per share.What is the minimum investment and lot size required for the Dev Accelerator Ltd. IPO?
The minimum investment required is ₹14,335 and minimum lot size is 235 shares.When is Dev Accelerator Ltd. IPO listing date?
The Dev Accelerator Ltd. IPO will be listed on 17th September 2025.What is the objective of Dev Accelerator Ltd. IPO?
1. Capital expenditure for fit-outs in the Proposed Centers2. Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company including redemption of non-convertible debentures
3. General corporate purposes
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