Dev Accelerator IPO: A Detailed Review, Price, GMP & Allotment
The Indian IPO market is witnessing a strong pipeline of companies from diverse sectors, with the flexible workspace segment emerging as a notable area of growth. In this rapidly expanding sector, Dev Accelerator Limited is set to launch its Initial Public Offering (IPO). The company, which operates under the brand name DevX, provides integrated workspace solutions and has a strong presence in both Tier-1 and Tier-2 cities. This blog post provides a comprehensive review of the Dev Accelerator IPO, covering all the essential details to help you decide whether to apply for the issue.
About Dev Accelerator Limited
Dev Accelerator is a key player in India's flexible workspace sector, offering a range of services from co-working spaces to managed offices. The company caters to a wide spectrum of clients, including large corporations, startups, and SMEs. As of mid-2025, Dev Accelerator manages over 860,000 square feet of office space across 28 centers in 11 cities. Its business model is focused on providing end-to-end solutions, including workspace design, technology integration, and asset management, which has contributed to its robust growth and high occupancy rates.
Dev Accelerator IPO Details
The Dev Accelerator IPO is a book-built issue of ₹143.35 crore. The entire issue consists of a fresh issue of 2.35 crore equity shares, which means that the company will receive all the proceeds from the IPO. This capital infusion is a significant positive as it will be used to fuel the company's future growth plans and strengthen its financial position. The company is set to list on both the BSE and NSE platforms.
Objectives of the IPO
The company plans to utilize the net proceeds from the IPO for the following key purposes:
- Funding capital expenditure for fit-outs in new centers.
- Repayment and/or pre-payment of certain borrowings.
- General corporate purposes.
Dev Accelerator IPO Dates and Price
The IPO is scheduled to open for public subscription soon. Here are the key dates and pricing details:
Key Dates (Tentative)
| IPO Activity | Date |
|---|---|
| IPO Open Date | September 10, 2025 |
| IPO Close Date | September 12, 2025 |
| Basis of Allotment Finalization | September 15, 2025 |
| Initiation of Refunds | September 16, 2025 |
| Credit of Shares to Demat Account | September 16, 2025 |
| IPO Listing Date | September 17, 2025 |
Price and Lot Size
| Details | Information |
|---|---|
| Price Band | ₹56 to ₹61 per equity share |
| Face Value | ₹2 per share |
| Minimum Lot Size (Retail) | 235 shares |
| Minimum Investment (Retail) | ₹14,335 (at the upper price band) |
Dev Accelerator IPO GMP (Grey Market Premium)
The Grey Market Premium (GMP) is an unofficial indicator of investor sentiment and potential listing gains. As of now, the GMP for Dev Accelerator IPO is showing a positive trend. This suggests that the shares may list at a premium to the issue price. While GMP is a volatile and unofficial metric, a positive trend indicates strong market demand and can be an important factor for investors looking for short-term listing gains. It is important to remember that the actual listing price can be influenced by broader market conditions on the day of listing.
Financial Performance and Review
Dev Accelerator has shown robust financial growth. The company's revenue and profitability have seen significant improvements. In FY25, the company reported a notable increase in its revenue, and its Profit After Tax (PAT) surged. The company's expansion into Tier-2 markets, coupled with its strong business model, positions it well to capitalize on the growing demand for flexible workspaces in India. The proceeds from the IPO will be used for strategic expansion, which should further enhance its financial performance in the coming years.
Dev Accelerator IPO Allotment Status
The allotment process is managed by the official registrar, KFin Technologies Ltd. The basis of allotment is expected to be finalized on September 15, 2025. Investors who applied for the IPO can check their allotment status on the registrar's official website or on the BSE website. The shares will be credited to the demat accounts of successful applicants on September 16, 2025, and refunds will be initiated for non-allottees on the same day.
Disclaimer:
This post is for informational purposes only. Please conduct your own research or consult a financial advisor before investing in any IPO.
Frequently Asked Questions (FAQs)
Dev Accelerator operates under the brand DevX and provides flexible workspace solutions, including co-working spaces and managed offices, across major Indian cities.
The IPO is scheduled to open on September 10, 2025, and close on September 12, 2025.
The price band is ₹56 to ₹61 per equity share. The minimum lot size for retail investors is 235 shares, with a minimum investment of ₹14,335.
You can check the allotment status on the website of the registrar, KFin Technologies Ltd., or on the BSE website after the allotment is finalized on September 15, 2025.
The shares are tentatively scheduled to be listed on the BSE and NSE on September 17, 2025.
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