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IPO Analysis > dev-accelerator-ipo-mainboard

Dev Accelerator announces price band ... 

A Detailed Overview Of The Dev Accelerator IPO

India’s flex office market is growing fast and rising from 18.6 mn sq. ft. in 2018 to 74 mn in 2024, and likely doubling to approximately 129 mn by 2028. Dev Accelerator has been working in the same field for a long time and is soon launching its IPO. 

The Dev Accelerator IPO manager is Pantomath Capital, while the registrar is KFin Technologies. Check here to get your allotment status.

See the Dev Accelerator IPO DRHP and RHP for more details. 

Note: Half of the Dev Accelerator IPO shares will be unlocked 30 days after allotment, while the rest will be free from lock-in restrictions after 90 days.

Dev Accelerator IPO Details: Company Profile

Find out everything about the Dev Accelerator company by looking at this profile: 


Particulars

Details 

Established  

2017

Registered Office 

Gujarat 

Services 

Sourcing office spaces, developing spaces and giving technology  solutions  

Number of Clients 

250

Competitors 

Awfis Space Solutions 


Here Are the Dev Accelerator IPO India Details

See all the important information about the Dev Accelerator IPO India. 

  • Dev Accelerator IPO Date


Event Description

Date

Opening of IPO bidding

Wednesday, September 10, 2025

Closing of IPO bidding

Friday, September 12, 2025

Deadline for UPI mandate approval

5:00 PM on Friday, September 12, 2025

Basis of allotment finalised

Monday, September 15, 2025

Refunds initiation

Tuesday, September 16, 2025

Credit of shares to Demat accounts

Tuesday, September 16, 2025

Expected stock exchange listing date

Wednesday, September 17, 2025



  • Dev Accelerator IPO size


Particulars

Shares

Aggregate Value

Fresh Issue 

23,500,000

₹143.35 Cr

Offer for Sale

Overall Issue 

23,500,000

₹143.35 Cr


  • Objectives of the offer 

 

Particulars

Estimated Amount (₹ in million)

Capital expenditure for fit-outs in the proposed centres

Up to 731.16

Repayment and/or pre-payment 

Up to 350.00

General corporate needs

Not Disclosed 

Total Net Proceeds

Not Disclosed


  • Other takeaways from the Dev Accelerator IPO Price


Particulars

Description

Face value of each share

₹2

Price Range

₹56 to ₹61

Listed At 

NSE BSE


  • Categorisation of different investors 


Category

Equity Shares 

Minimum Bid

Maximum Bid

Eligible Employees

Not Disclosed 

The bid amount should be more than ₹0.20 million

Not Disclosed

Shareholders Reservation

Not Disclosed 

Not Disclosed

Up to 20.20 million worth of Equity Shares

QIBs 

Not Disclosed 

Not Disclosed

Not Disclosed 

Non-Institutional Investors

Not Disclosed 

Equity Shares and multiples thereof

Not Disclosed

Retail Individual Investors

Not Disclosed 

The bid amount should be more than ₹0.20 million

Not Disclosed



Get a demat account from the top broker in India today. 

Dev Accelerator IPO details: Key Financials 

Particulars

Unit

Fiscal 2025

Fiscal 2024

Fiscal 2023

Revenue from Operations 

₹ in million

1,588.75

1,080.87

699.11

EBITDA Margin 

%

50.64

59.9

42.74

Restated Profit / (Loss) for the year 

₹ in million

17.73

4.37

-128.3

Restated Profit / (Loss) as % of Total Income 

%

1.00

0.39

-17.98

Total Equity 

₹ in million

547.86

287.88

12.22

Capital Employed 

₹ in million

1,820.96

1,292.95

338.79

Total Assets 

₹ in million

5,403.76

4,110.89

2,824.22

ROCE 

%

25.95

17.31

3.65

Debt / Equity 

times

2.39

3.51

27.17

Operational Cities 

Number

11

11

9

Operational Centers 

Number

26

25

17

Operational Super Built-up Area 

Million sq. ft.

0.84

0.81

0.63

Number of Capacity Seats in Operational Centres 

Number

13,759

12,543

10,165

Number of Occupied Seats in Operational Centres 

Number

12,054

10,422

8,218

Occupancy Rate in Operational Centres 

%

87.61

83.09

80.85

Strengths and risks

Let’s find out all the risks and strengths this company has: 


Strengths 


  • Among the largest flex space operators in Tier 2 cities, with approximately 88% occupancy.

  • India’s flex space market is growing fast, set to double by 2028.

  • Expanding with 8 new centres (approximately 941k sq. ft.) in the next two years.

  • Presence in 11 cities with steady growth in seats and area.


Risks


  • The company does not own the land or buildings of its centres.

  • Failure to gain expected returns may hurt its financial performance.

  • The company’s growth depends on securing the right properties at good rental terms in preferred locations.

  • Agreements for new centres are still pending, which could affect operations if not finalised.

Should I Invest In Dev Accelerator IPO?

The Dev Accelerator IPO GMP has not been released yet. You can review the company profile and check the GMP updates here to make a better decision. Before applying, you must see the Dev Accelerator IPO subscription status numbers. Apply now.

FAQs

1. How is the Dev Accelerator IPO review?

Dev Accelerator is seen as a helmet company that wants to expand its capital as a key objective. For the latest sentiment, you can look for the GMP updates from the Dev Accelerator IPO calculators. 

2. What is the Dev Accelerator IPO date?

The IPO opening date is 10 Sept 2025 and the closing date is 12 Sept 2025. One should monitor its live subscription details in real time.

3. What is the Dev Accelerator limited share price? 

The share price is ₹56 to ₹61. The final issue price will fall within this range. Also, don't forget to check the Dev Accelerator IPO allotment details. 

4. Should I use a demat account to bid for the Dev Accelerator IPO?

Yes, a demat account is required to bid for the Dev Accelerator IPO. Click here to get the ultimate list of the top demat account providers.
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