IPO - Initial Public Offerings

 DEVX

  

DEV ACCELERATOR LTD. IPO

10 Sep, 10:00 AM

Issue Open

12 Sep, 05:00 PM

Issue Close

235

Lot Size

₹ 56.00 – ₹ 61.00

Price Range

IPO Issue Details

Issue size 143.35 Cr
Market Price 61.00
Registrar Kfin Technologies Ltd
Face Value RS.2 /- Per share
Listing at NSE BSE

About

DEV ACCELERATOR LTD. 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 trends, and providing flexible lease options. As of May 31, 2025, the company serves over 250 clients and has 28 centers across 11 cities in India, with 14,144 seats covering a total area under management of 860,522 square feet. The company have signed Letters of Intent (LOIs) for three new centers, including the company's first international center in Sydney, Australia. Additionally, we have leased space for a new center in Surat. These upcoming centers will offer 11,500 seats across a total area of 897,341 sq. ft. Dev Accelerator Limited provide flexible office space solutions, including managed offices and coworking spaces, to large corporates, MNCs, and SMEs. The company's subsidiary, Neddle and Thread Designs LLP, also offers design and execution services.

IPO Lot Size

Category Lots Shares Amount
Retail (Min) 1 235 ₹ 14,335.00
Retail (Max) 13 3055 ₹ 1,86,355.00
S-HNI (Min) 14 3290 ₹ 2,00,690.00
S-HNI (Max) 69 16215 ₹ 9,89,115.00
B-HNI (Min) 70 16450 ₹ 10,03,450.00

IPO TimeLine

Open Date 10-Sep-2025
Close Date 12-Sep-2025
Basis of Allotment Date 15-Sep-2025
Initiation of Refunds 16-Sep-2025
Credit Shares to Demat A/c 16-Sep-2025
IPO Listing Date 17-Sep-2025