Dev Accelerator IPO
Dev Accelerator IPO
Overview
Dev Accelerator IPO is a book build issue of ₹143.35 crores. The issue is entirely a fresh issue of 2.35 crore shares of ₹143.35 crore. Dev Accelerator IPO opens for subscription on Sep 10, 2025 and closes on Sep 12, 2025. The allotment for the Dev Accelerator IPO is expected to be finalized on Sep 15, 2025. Dev Accelerator IPO will list on BSE, NSE with a tentative listing date fixed as Sep 17, 2025. Dev Accelerator IPO price band is set at ₹56.00 to ₹61.00 per share . The lot size for an application is 235. The minimum amount of investment required by an retail is ₹14,335 (235 shares) (based on upper price). The lot size investment for sNII is 14 lots (3,290 shares), amounting to ₹2,00,690, and for bNII, it is 70 lots (16,450 shares), amounting to ₹10,03,450. Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Issue Size
₹2,35,00,000
Issue Price
₹143.35 Cr
Price Band
₹56 – ₹61
Lot Size
235 shares
Min. Investment
₹13,160
Max. Investment
₹14,335
Open Date
10 Sep, 2025
Close Date
12 Sep, 2025
Allotment
15 Sep, 2025
Listing
17 Sep, 2025
Max. Investment
₹14,335
Announced
10 Sep, 2025
Opening Date
10 Sep, 2025
Closing Date
12 Sep, 2025
Basis of Allotment
15 Sep, 2025
Initiation of Refunds
16 Sep, 2025
Credit of Shares
16 Sep, 2025
Listing Date
17 Sep, 2025
Live GMP
Est. Listing: ₹73
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About Dev Accelerator IPO
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 tr
Dev Accelerator IPO Share Price
Issue Breakdown
Shareholding
Dilution: 35.2% increase in shares
Dev Accelerator IPO Promoters Holding
Dev Accelerator IPO Financial Health
Dev Accelerator Ltd.'s revenue increased by 62% and profit after tax (PAT) rose by 303% between the financial year ending with March 31, 2025 and March 31, 2024.
Dev Accelerator IPO Lot Size
Investors can bid for a minimum of 235 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 235 | ₹14,335 |
| Retail (Max) | 13 | 3055 | ₹1,86,355 |
| S-HNI (Min) | 14 | 3290 | ₹2,00,690 |
| S-HNI (Max) | 69 | 16215 | ₹9,89,115 |
| B-HNI (Min) | 70 | 16450 | ₹10,03,450 |
(All values in CR)
Dev Accelerator IPO Valuations
The market capitalization of Dev Accelerator IPO is ₹550.14 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROCE | 25.95 |
| Debt/Equity | 2.39 |
| RoNW | 3.24 |
| PAT Margin | 1.00 |
| EBITDA Margin | 50.64 |
| Price to Book Value | 7.94 |
(All values in CR)
Dev Accelerator IPO Strength & Risk
Dev Accelerator IPO Strength:
Established presence with multiple centers across major cities.
Strong revenue growth over recent years.
Achieved profitability after earlier losses.
High EBITDA margin indicating operational efficiency.
Plans for strategic expansion into emerging markets.
Integrated service offerings including space sourcing, design, development, and facility management.
Dev Accelerator IPO Risk:
High operational costs due to premium facilities.
Heavy dependency on IT/ITES clients; sector downturns could impact revenue.
Reliance on brokers for client acquisition may affect stability.
Leased space operations create dependency on landlords.
Faces intense competition from global coworking giants.
Expansion challenges in educating Tier II city markets and maintaining service quality.
Dev Accelerator IPO Subscriptions Status
Dev Accelerator IPO subscribed 63.90 times. The public issue subscribed 164.36 times in the retail category, 20.30 times in QIB (Ex Anchor), and 87.95 times in the NII category by September 12, 2025 4:54:50 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 1,03,52,925 | 1,03,52,925 | 63.15 |
| QIB (Ex Anchor) | 20.30 | 69,01,950 | 14,01,34,965 | 854.82 |
| Non-Institutional Buyers | 87.95 | 34,50,975 | 30,34,98,975 | 1,851.34 |
| bNII (bids above ₹10L) | 78.94 | 23,00,650 | 18,16,20,690 | 1,107.89 |
| sNII (bids below ₹10L) | 105.95 | 11,50,325 | 12,18,78,285 | 743.46 |
| Retail | 164.36 | 23,00,650 | 37,81,26,280 | 2,306.57 |
| Employees | 17.54 | 1,64,499 | 28,84,860 | 17.6 |
| Shareholders | 46.91 | 3,29,000 | 1,54,32,450 | 94.14 |
| Total | 63.90 | 1,31,47,075 | 84,00,77,530 | 5,124.47 |
Dev Accelerator IPO GMP
Dev Accelerator IPO last GMP is ₹12, last updated Sep 12th 2025 04:34 PM. With the price band of 61.00, Dev Accelerator IPO's estimated listing price is ₹73 (cap price + today's GMP).The expected percentage gain/loss per share is 19.67%. >> Dev Accelerator IPO Retail Subject to Sauda: ₹2100 >> Dev Accelerator IPO Small HNI Subject to Sauda: ₹29400 The lowest GMP is ₹0.00, while the highest GMP is ₹12.00.
Last updated 12 Sep, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 12 Sep, 2025 | 61 | ₹12▲ | 2100/29400 | ₹73 (19.67%) | 2820 | 12 Sep, 2025 |
| 11 Sep, 2025 | 61 | ₹7▼ | 1300/18200 | ₹68 (11.48%) | 1645 | 11 Sep, 2025 |
| 10 Sep, 2025 | 61 | ₹9 | 1600/22400 | ₹70 (14.75%) | 2115 | 10 Sep, 2025 |
| 09 Sep, 2025 | 61 | ₹9▼ | 1600/22400 | ₹70 (14.75%) | 2115 | 09 Sep, 2025 |
| 08 Sep, 2025 | 61 | ₹10▲ | 1800/25200 | ₹71 (16.39%) | 2350 | 08 Sep, 2025 |
| 07 Sep, 2025 | 61 | ₹9 | 1600/22400 | ₹70 (14.75%) | 2115 | 07 Sep, 2025 |
| 06 Sep, 2025 | 61 | ₹9 | 1600/22400 | ₹70 (14.75%) | 2115 | 06 Sep, 2025 |
| 05 Sep, 2025 | 61 | ₹9▲ | 1600/22400 | ₹70 (14.75%) | 2115 | 05 Sep, 2025 |
| 04 Sep, 2025 | 61 | ₹0 | - | ₹61 (0.00%) | - | 04 Sep, 2025 |
| 03 Sep, 2025 | 0 | ₹0 | - | - | - | 03 Sep, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Dev Accelerator IPO
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Go to IPO Section
Find Dev Accelerator IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.