The Dev Accelerator IPO opens for subscription on September 10, 2025, and will close on September 12, 2025. This is a book-built IPO. The company aims to raise approximately ₹143.35 crore through the IPO, comprising a fresh issue of ₹143.35 crore and an offer for sale of up to [number] equity shares, each with a face value of ₹2.
The price band for the Dev Accelerator IPO is ₹56 to ₹61 per share. The retail investor quota is 10%, the Qualified Institutional Buyers (QIB) quota is 75%, and the High Net Worth Individuals (HNI) quota is 15%. The Dev Accelerator IPO will be listed on the BSE and NSE on September 17, 2025. The allotment date for the Dev Accelerator IPO is September 15, 2025.
The company reported revenue of ₹178.89 crore in 2025, compared to ₹110.72 crore in 2024. It also reported a profit of ₹1.77 crore in 2025, compared to a profit of ₹0.44 crore in 2024. Based on its financial performance, the IPO GMP is recommended for long-term investment
Dev Accelerator IPO Details
| 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 | Book building 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 Market Lot
The Dev Accelerator IPO minimum market lot is 235 shares with ₹14,335 application amount. The retail investors can apply up-to 13 lots with 3,055 shares of ₹1,86,355 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 235 | ₹14,335 |
| Retail Maximum | 13 | 3,055 | ₹1,86,355 |
| S-HNI Minimum | 14 | 3,290 | ₹2,00,690 |
| B-HNI Minimum | 68 | 16,450 | ₹10,03,450 |
IPO Reservation
| Investor Category | Share Offered | % Share |
| QIB Allocation | – | 75% of the Net Offer |
| Anchor Allocation | – | – |
| NII Allocation | – | 15% of the Net Offer |
| Retail Allocation | – | 10% of the Net Offer |
| Shareholder Quota | 3,29,000 shares | – |
| Employee Quota | 1,64,500 shares | – |
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
Dev Accelerator Ltd. Financial Information (Restated Consolidated)
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.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| 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 |
| Amount in ₹ Crore | |||
About Dev Accelerator IPO
DEV Accelerator was established in 2017 and is one of the major flexible workspace providers in Tier 2 cities in India. The company mainly concentrates on building fully managed, custom-built office workspace for businesses. They have established its business presence across 15 different locations. The tier 1 consists of cities like Delhi NCR, Hyderabad, Mumbai, and Pune, whereas Tier 2 cities consist of Ahmedabad, Gandhinagar, Indore, Jaipur, Udaipur, and Vadodara.
The company started its business in 2017 by offering office space solutions to various businesses that meet the requirements of the various needs. Finding appropriate office spaces, customizing designs, building the spaces, and providing technology solutions are some of the services the company provides to its customers. The company caters to more than 230 clients and has 25 centers across 11 cities in India. As of August 31, 2024, the company manages 12,691 seats spanning a total of 806,635 square feet.