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Dev Accelerator Ltd. IPO
Dev Accelerator Ltd., established in 2020, operates in the Infrastructure - General sector. The company's IPO opened on September 10, 2025 and closed on September 12, 2025, with an issue price of ₹61. ... Read more
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 ... Read more
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
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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
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article
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