Dev Accelerator IPO Date, Review, Price, Details
Dev Accelerator is set to open its IPO subscription from September 10, 2025, with the issue closing on September 12, 2025. The IPO is structured as a Book Built Issue aimed at raising an estimated amount (details to be announced), which includes a fresh issuance of shares and an offer for sale. The equity shares will have a face value of ₹2 each. The price band for the IPO is yet to be finalized. Allocation of shares will be divided with 75% reserved for Qualified Institutional Buyers (QIBs), 15% for High Net-worth Individuals (HNIs), and 10% for retail investors. The basis of allotment is expected to be announced on September 15, 2025, with listings planned on BSE and NSE by September 17, 2025.
Financially, the company showed steady growth, with revenue increasing to ₹178.89 crores in FY2025 from ₹110.72 crores in FY2024. Profit also improved, rising to ₹1.77 crores in 2025 compared to ₹0.44 crores the previous year.
Dev Accelerator IPO Market Lot size
The Dev Accelerator IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares of ₹[.] amount.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | – | ₹- |
Retail Maximum | 13 | – | ₹- |
S-HNI Minimum | 14 | – | ₹- |
B-HNI Minimum | 68 | – | ₹- |
Dev Accelerator IPO Details
IPO Open Date: | September 10, 2025 |
IPO Close Date: | September 12, 2025 |
Face Value: | ₹2 Per Equity Share |
IPO Price Band: | ₹[.] to ₹[.] Per Share |
Issue Size: | Approx ₹[.] Crores |
Fresh Issue: | Approx ₹[.] Crores |
Offer for Sale: | Approx [.] Equity Shares |
Issue Type: | Book Built Issue |
IPO Listing: | BSE & NSE |
Retail Quota: | Not more than 10% |
QIB Quota: | Not more than 75% |
NII Quota: | Not more than 15% |
Dev Accelerator IPO Valuation – FY2025 (KPI)
Check Dev Accelerator IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI | Values |
ROE: | -% |
ROCE: | 25.95% |
EBITDA Margin: | 50.64% |
PAT Margin: | 1.00% |
Debt to equity ratio: | 2.39 |
Earning Per Share (EPS): | ₹0.27 (Basic) |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 3.24% |
Net Asset Value (NAV): | ₹7.68 |
Dev Accelerator IPO Company Financial Report
The company reported revenue of ₹178.89 crores in 2025 against ₹110.72 crore in 2024. The company reported profit of ₹1.77 crores in 2025 against profit of ₹0.44 crores in 2024.
Amount ₹ in Crores
Period Ended | Revenue | Expense | Profit After Tax | Assets |
2022 | ₹31.37 | ₹39.51 | ₹7.51 | ₹100.80 |
2023 | ₹71.37 | ₹87.50 | ₹12.83 | ₹282.42 |
2024 | ₹110.72 | ₹119.50 | ₹0.44 | ₹411.09 |
2025 | ₹178.89 | ₹175.15 | ₹1.77 | ₹540.38 |
Dev Accelerator IPO Dates
The Dev Accelerator IPO date is September 10 and the close date is September 12. The Dev Accelerator IPO allotment will be finalized on September 15 and the IPO listing on September 17.
IPO Open Date: | September 10, 2025 |
IPO Close Date: | September 12, 2025 |
Basis of Allotment: | September 15, 2025 |
Refunds: | September 16, 2025 |
Credit to Demat Account: | September 16, 2025 |
IPO Listing Date: | September 17, 2025 |
Promoters of Dev Accelerator IPO
The promoters of the company are Umesh Uttamchandani, Parth Shah, Rushit Shah And Dev Information Technology Limited.
About Dev Accelerator IPO
Founded in 2017, DEV Accelerator is a prominent provider of flexible workspaces, focusing primarily on Tier 2 cities in India. The company specializes in delivering fully managed, tailor-made office environments designed to meet the diverse needs of businesses. Its footprint spans across 15 locations, including Tier 1 cities such as Delhi NCR, Hyderabad, Mumbai, and Pune, along with Tier 2 cities like Ahmedabad, Gandhinagar, Indore, Jaipur, Udaipur, and Vadodara.
From the outset, DEV Accelerator has been dedicated to offering comprehensive office space solutions. These include helping clients find suitable office locations, customizing interiors to their specifications, constructing the workspace, and integrating technology services. Currently, the company serves over 230 clients through 25 centers located in 11 Indian cities. As of August 31, 2024, it manages a total of 12,691 work seats covering around 806,635 square feet of office area.
Peer Group Comparison
Company | EPS | PE Ratio | RoNW % | NAV | Income |
Awfis Space Solutions Ltd | 9.75 | 60.95 | 14.78 | 64.71 | 1,207.54 Cr. |
Smartworks Coworking Spaces Limited | (6.18) | (74.04) | (58.56) | 10.45 | 1,374.06 Cr. |
Indiqube Spaces Limited | (7.65) | (28.69) | NA | (0.24) | 1,059.29 Cr. |
Objects of the IPO
Capital investment for outfitting new centers and paying security deposits related to these centers.
Repayment or prepayment, either fully or partially, of certain loans taken by the company, including the redemption of non-convertible debentures (NCDs).
General corporate uses and purposes.
Merchant Bankers
- Pantomath Capital Advisors Private Limited
Company Address
Dev Accelerator Limited
C-01, The First Commercial Complex,
behind Keshavbaug Party Plot,
Vastrapur, Ahmedabad, Gujarat – 380015, India
Phone: 7041482004
Email: [email protected]
Website: http://www.devx.work/
Dev Accelerator IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
E-mail: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
Check Grey market premium at below
(GMP)