Dev Accelerator Ltd: Dev accelerator IPO is a book-making issue, aimed at ₹ 143.35 crore per share with a price band of ₹ 56 to ₹ 61 per share with ₹ 143.35 crore. The IPO is open from September 10 to September 12, 2025, and shares are expected to list on BSE and NSE on 17 September. One of the 235 shares is required for minimal application, total ₹ 14,335. The company, also known as Devx, specializes in providing flexible co-compensation locations and has shown strong financial growth with a 62% increase in revenue in the last financial year and after tax after tax.
Dev Accelerator IPO Overview
The initial public offering of Dev Accelerator is to open from September 10 to September 12, 2025, with an issue price of ₹ 56 to ₹ 61 per share. The company has planned to raise .3 143.35 crore through this book-building process, in which shares are to be listed on BSE and NSE.
| Details | Descriptions |
|---|---|
| IPO Date | September 10, 2025 to September 12, 2025 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Issue Price Band | ₹56 to ₹61 per share |
| Lot Size | 235 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 2,35,00,000 shares (aggregating up to ₹143.35 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 6,66,87,515 shares |
| Share Holding Post Issue | 9,01,87,515 shares |
Dev Accelerator IPO Schedule
The IPO will be open for membership for a period of three days starting on Wednesday, September 10. The date of tentative stock allocation is Monday, September 15, and the shares will be credited for the demat accounts of successful applicants on Tuesday, September 16, just one day before the date of the possible list of 17 September.
| Details | Description |
|---|---|
| IPO Open Date | Wed, Sep 10, 2025 |
| IPO Close Date | Fri, Sep 12, 2025 |
| Tentative Allotment | Mon, Sep 15, 2025 |
| Initiation of Refunds | Tue, Sep 16, 2025 |
| Credit of Shares to Demat | Tue, Sep 16, 2025 |
| Tentative Listing Date | Wed, Sep 17, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 15, 2025 |
Dev Accelerator IPO Lot Size Details
Retail investors can apply for a minimum of one lot, with 235 shares that require an investment of ₹ 14,335. For people with a large hunger, the maximum retail application is 13 lots, or 3,055 shares, a total of ₹ 1,86,355.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 235 | ₹14,335 |
| Retail (Max) | 13 | 3,055 | ₹1,86,355 |
| S-HNI (Min) | 14 | 3,290 | ₹2,00,690 |
| S-HNI (Max) | 69 | 16,215 | ₹9,89,115 |
| B-HNI (Min) | 70 | 16,450 | ₹10,03,450 |
Dev Accelerator IPO Allocation
The company has kept different parts of the IPO for various investor categories. The largest part, at least 75%, is reserved for qualified institutional buyers (QIBS), while retail investors can apply for up to 10% of the issue. The remaining 15%will be allocated to non-institutional investors (NII).
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
Dev Accelerator IPO Promoter Holding
The promoters of Dev accelerator, including Parth Shah and others, currently hold 49.80% of the company. After the successful completion of the IPO and the weakening of equity, their joint shareholding will be reduced by 36.80%.
| Details | Promoter Holding (%) |
|---|---|
| Promoter Holding Pre Issue | 49.80% |
| Promoter Holding Post Issue | 36.80% |
Investor Category Reservations
Anchor investor allocation for September 9, 2025 has been fixed before the opening of public membership. The details of anchor investors will be revealed close to the IPO date as per the regulatory requirements.
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only shareholder | Up to Rs 2 Lakhs | Allowed only if bidding amount is upto Rs 2 lakhs |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII | Employee limit: Up to Rs 5 Lakhs (In certain cases, employees are given discount if bidding amount is upto Rs. 2 lakhs) If applying as RII: Upto Rs. 2 lakhs If applying as NII: sNII > Rs. 2 lakhs and upto Rs. 10 lakhs and bNII > Rs. 10 lakhs | Yes for Employee and RII/NII |
Overview of Dev Accelerator Ltd.
Established in 2017, Dev Accelerator, also known as DevX, specializes in providing flexible co-functioning. The company has a significant appearance with 28 centers in 11 Indian cities, which serves a diverse customer base including more than 250 large corporations, MNCs and SMEs.
Company Financials
Dev Accelerator Ltd. Financial Information (Restated Standalone)
Dev Accelerator has shown a strong financial growth, with a significant 62% increase in revenue and has benefited after climbing 303% impressive 303% tax (PAT) in the last financial year. This development highlights the company’s extended market’s presence and improvement in profitability.
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
|---|---|---|---|
| Assets | 540.38 | 411.09 | 282.42 |
| Total Income | 178.89 | 110.73 | 71.37 |
| Profit After Tax | 1.74 | 0.43 | -12.83 |
| EBITDA | 80.46 | 64.74 | 29.88 |
| Net Worth | 54.79 | 28.79 | 1.22 |
| Total Borrowing | 130.67 | 101.05 | 33.20 |
Key Performance Indicator (KPI)
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROCE | 25.95% |
| Debt/Equity | 2.39 |
| RoNW | 3.24% |
| PAT Margin | 1.00% |
| EBITDA Margin | 50.64% |
| Price to Book Value | 7.94 |
Dev Accelerator Ltd. Contact Details
- Dev Accelerator Ltd.
- C-01, The First Commercial Complex,
- Vastrapur,
- Ahmedabad, Gujarat, 380015
- Phone: 7041482004
- Email: compliance@devx.work
- Website: http://www.devx.work/
Dev Accelerator IPO Registrar
MUFG Intime India Pvt.Ltd.
| Details | Descriptions |
|---|---|
| Phone: | 04067162222, 04079611000 |
| Email: | dal.ipo@kfintech.com |
| Website: | https://ipostatus.kfintech.com/ |
FAQs – Dev Accelerator Ltd.
What is the minimum investment for Dev accelerator IPO?
The minimum investment for a retail investor is 14,335, which matches one of the 235 shares.
Who is the promoters of Dev accelerator?
The promoters of the company are Parth Shah, Umesh Uttamchandani, Rushit Shah and Dev Information Technology Limited.
When is the IPO listing date?
Shares are expected to be listed in stock exchanges on Wednesday, September 17, 2025.
What is the face value of shares?
Each share has a face value of ₹ 2.
Can I apply for IPO using UPI?
Yes, you can apply for IPO online using UPI or ASBA as payment method.
What is the total size of IPO?
The total marks have a size of 2,35,00,000 shares, which is about .3 143.35 crores
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