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IPO Rating
Quality Score 
0/0
Growth Score
0/0
Valuation Score
0/0
Bidding Date
10-Sep-2025 to
12-Sep-2025
Issue Size
₹143.35 Cr
Price Band
₹56 to ₹61
Allotment date
15-Sep-2025
Listing date
17-Sep-2025
Lot size
235
No. of shares
2,35,00,000
Fresh issue/OFS
₹143.35 Cr /--
Dev Accelerator Ltd., established in 2017, began as a limited liability partnership and evolved into a public limited company in 2024, steadily expanding its operations and business segments from managed office solutions to a comprehensive platform offering co-working spaces, bespoke office designs, and asset management services. Known under the brand DevX, the company serves diverse client needs across Tier 1 and Tier 2 cities in India and recently expanded internationally, with a strong client base spanning large corporations, multinationals, and SMEs. Its expertise lies in delivering fully customizable, technology-driven office spaces, facilitated by certified in-house design and execution teams that assure rapid and quality delivery. With ISO certifications for both quality and information security and consistently high occupancy rates, Dev Accelerator’s unique strengths include a flexible engagement model and innovative workspace customization. Through close collaboration with space owners and an integrated approach to client requirements, the company proactively addresses industry challenges such as rapid scaling and changing workspace solutions, ensuring tailored value for each client.
Category
Status
QIBs
20.3x
NIIs
88x
Retail
164.4x
Others
64.5x
Total
63.9x
| Name | Price Band (Rs) | Bidding Date |
|---|---|---|
| Emiac Technologies | 93 - 98 | 27-Mar-2026 to 08-Apr-2026 |
| Safety Controls & Devices | 75 - 80 | 06-Apr-2026 to 08-Apr-2026 |
| Vivid Electromech | 528 - 555 | 25-Mar-2026 to 30-Mar-2026 |
| Amir Chand Jagdish Kumar (Exports) | 201 - 212 | 24-Mar-2026 to 27-Mar-2026 |
The issue size of Dev Accelerator is ₹143.35 Cr.
Dev Accelerator falls into Business Services & Supplies industry.
The Dev Accelerator IPO will be listed on both NSE and BSE.
The open and close dates for the Dev Accelerator are 10-Sep-2025 & 12-Sep-2025.
The price band for the Dev Accelerator ipo is ₹56 to ₹61
The listing date of Dev Accelerator IPO is 17-Sep-2025.
The purpose of this IPO is to raise fresh capital.
Dev Accelerator total subscription ratio is 63.9X.
Key financial of the Dev Accelerator are:
| Dev Accelerator | FY-25 | FY-24 | FY-23 |
|---|---|---|---|
| Revenue (₹ Cr) | 158.88 | 108.09 | 69.91 |
| EBIT (₹ Cr) | 28.28 | 19.59 | -0.31 |
| Proft after Tax (₹ Cr) | 1.77 | 0.44 | -12.83 |
| Debt (₹ Cr) | 130.67 | 101.05 | 33.2 |
| Net Worth (₹ Cr) | 54.82 | 28.8 | 1.22 |
| RoE (%) | 3.23 | 1.52 | -1048.2 |
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