{"id":48738,"date":"2025-09-17T15:28:18","date_gmt":"2025-09-17T09:58:18","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=48738"},"modified":"2025-09-17T15:29:29","modified_gmt":"2025-09-17T09:59:29","slug":"dev-accelerator-ipo-listing-review","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/dev-accelerator-ipo-listing-review\/","title":{"rendered":"Dev Accelerator IPO Listing at 0% Premium at \u20b961 Per Share"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong><em>Check Experts\u2019 Verdicts on Dev Accelerator Limited<\/em><\/strong><\/a><\/p><p><strong><em>Dev Accelerator IPO Listing:<\/em><\/strong> The Dev Accelerator IPO was subscribed 64.00 times as of its closing. In this subscription, qualified institutional buyers (QIBs) received 20.30 times the allocation, and non-institutional investors (NIIs) received 87.97 times the allocation. The retail quota of the issue was subscribed to 9.79%. Before delving deeper into the topic, go through the details of the Dev Accelerator IPO.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/dev-accelerator-ipo-listing-review\/#Dev_Accelerator_IPO_Listing\" title=\"Dev Accelerator IPO Listing\">Dev Accelerator IPO Listing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/dev-accelerator-ipo-listing-review\/#Dev_Accelerator_IPO_Details\" title=\"Dev Accelerator IPO Details\">Dev Accelerator IPO Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/dev-accelerator-ipo-listing-review\/#About_Dev_Accelerator_Limited\" title=\"About Dev Accelerator Limited\">About Dev Accelerator Limited<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/dev-accelerator-ipo-listing-review\/#Dev_Accelerator_Limited_Financials\" title=\"Dev Accelerator Limited Financials\">Dev Accelerator Limited Financials<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/dev-accelerator-ipo-listing-review\/#Explanation\" title=\"Explanation\">Explanation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/dev-accelerator-ipo-listing-review\/#Recent_Articles\" title=\"Recent Articles\">Recent Articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dev_Accelerator_IPO_Listing\"><\/span><strong>Dev Accelerator IPO Listing<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>On the NSE (National Stock Exchange platform), shares are listed at \u20b961 per share, reflecting a premium of 0% against the issue price of \u20b961 per share. On the other hand, on the other BSE (Bombay Stock Exchange), shares are listed at \u20b961.30 per share, reflecting a premium of 0.49%.&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dev_Accelerator_IPO_Details\"><\/span><strong>Dev Accelerator IPO Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>It is a bookbuilding IPO of \u20b9143.35 crore, comprising a fresh issue of 2.35 crore shares. The issue will be listed on BSE and NSE on its tentative listing date, 17th September 2025.<\/p><p>The Dev Accelerator IPO date is fixed between 10th September 2025 and 12th September 2025. The face value of Dev Accelerator IPO shares stands at \u20b92 per share, and the IPO price is set at \u20b956.00 to \u20b961.00 per share.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>IPO Open Date<\/strong><\/td><td>10th September 2025<\/td><\/tr><tr><td><strong>IPO Close Date<\/strong><\/td><td>12th September 2025<\/td><\/tr><tr><td><strong>IPO Allotment Date<\/strong><\/td><td>15th September 2025<\/td><\/tr><tr><td><strong>Refund Initiation&nbsp;<\/strong><\/td><td>16th September 2025<\/td><\/tr><tr><td><strong>Issue Size<\/strong><\/td><td>2,35,00,000 shares(aggregating up to \u20b9143.35 Cr)<\/td><\/tr><tr><td><strong>Face Value<\/strong><\/td><td>\u20b92 per share<\/td><\/tr><tr><td><strong>Lot Size<\/strong><\/td><td>235 shares<\/td><\/tr><tr><td><strong>Issue Price Band<\/strong><\/td><td>\u20b956.00 to \u20b961.00 per share<\/td><\/tr><tr><td><strong>Issue Type<\/strong><\/td><td>Bookbuilding IPO<\/td><\/tr><tr><td><strong>Listing At<\/strong><\/td><td>BSE &amp; SME<\/td><\/tr><tr><td><strong>Listing Date<\/strong><\/td><td>17th September 2025<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_Dev_Accelerator_Limited\"><\/span><strong>About Dev Accelerator Limited<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Dev Accelerator Limited was established in 2017 and is also known as DevXprovides flexible office spaces, including coworking environments. The company has expanded its presence to 15 centres across India, encompassing major cities such as Delhi-NCR, Hyderabad, Mumbai, and Pune. The company&#8217;s business model focuses on providing flexible workspace solutions tailored to the evolving needs of modern businesses. This includes offering customizable desks and suites that accommodate remote work trends, as well as providing flexible lease options. As of May 31, 2025, the company serves over 250 clients and has 28 centres across 11 cities in India, with 14,144 seats covering a total area under management of 860,522 square feet.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dev_Accelerator_Limited_Financials\"><\/span><strong>Dev Accelerator Limited Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The company&#8217;s financial analysis is crucial before applying for the <strong>Dev Accelerator<\/strong> <strong>IPO.<\/strong> Refer to the table to learn about Dev Accelerator Limited&#8217;s financials.&nbsp;<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Year Ended<\/strong><\/td><td><strong>31st March 2025 (in cr.)<\/strong><\/td><td><strong>31st March 2024 (in cr.)<\/strong><\/td><td><strong>31st March 2023 (in cr.)<\/strong><\/td><\/tr><tr><td><strong>Assets<\/strong><\/td><td>540.38<\/td><td>411.09<\/td><td>282.42<\/td><\/tr><tr><td><strong>Revenue<\/strong><\/td><td>178.89<\/td><td>110.73<\/td><td>71.37<\/td><\/tr><tr><td><strong>Profit After Tax<\/strong><\/td><td>1.74<\/td><td>0.43<\/td><td>-12.83<\/td><\/tr><tr><td><strong>EBITDA<\/strong><\/td><td>80.46<\/td><td>64.74<\/td><td>29.88<\/td><\/tr><tr><td><strong>Net Worth<\/strong><\/td><td>54.79<\/td><td>28.79<\/td><td>1.22<\/td><\/tr><tr><td><strong>Reserve and surplus<\/strong><\/td><td>&#8211;<\/td><td>&#8211;<\/td><td>&#8211;<\/td><\/tr><tr><td><strong>Total Borrowing<\/strong><\/td><td>130.67<\/td><td>101.05<\/td><td>33.20<\/td><\/tr><\/tbody><\/table><\/figure><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Explanation\"><\/span><strong>Explanation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p><a href=\"https:\/\/devaccelerator.org\/\" rel=\"nofollow noopener\" target=\"_blank\">Dev Accelerator Limited&#8217;s<\/a> revenue increased by 62% from \u20b9110.73 crores in March 2024 to \u20b9178.89 crores in March 2025. Moreover, the company&#8217;s PAT rose by 303% from \u20b90.43 crores to \u20b91.74 crores.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Articles\"><\/span><strong>Recent Articles<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/top-10-penny-stocks-in-india\">Top 10 Penny Stocks in India&nbsp; | Penny Stocks to Buy in 2025<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/best-stocks-to-buy-today-6\">Best Stocks to Buy Today: Explore Best Stocks With Expected Trends<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/milky-mist-dairy-foods-ipo-details\">Milky Mist Dairy Foods IPO Details: Everything You Should Know about<\/a>&nbsp;<\/p><p><a href=\"https:\/\/univest.in\/blogs\/karbonsteel-engineering-ipo-gmp-review\">Karbonsteel Engineering IPO GMP &amp; Review: Should You Apply or Avoid?<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/taurian-mps-ipo-gmp-review\">Taurian MPS IPO GMP &amp; Review: Should You Apply or Avoid?<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/shringar-house-of-mangalsutra-ipo-gmp-review\">Shringar House of Mangalsutra IPO GMP &amp; Review: Apply or Avoid?<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/dev-accelerator-ipo-gmp-review\">Dev Accelerator IPO GMP &amp; Review: Apply or Avoid?<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/vigor-plast-india-ipo-listing-preview\">Vigor Plast India IPO Listing Preview: What to Expect Now?<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/krupalu-metals-ipo-gmp-live-updates-2\">Krupalu Metals IPO GMP: Day 3 IPO Live Updates<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Check Experts\u2019 Verdicts on Dev Accelerator Limited Dev Accelerator IPO Listing: The Dev Accelerator IPO was subscribed 64.00 times as of its closing. In this subscription, qualified institutional buyers (QIBs) received 20.30 times the allocation, and non-institutional investors (NIIs) received 87.97 times the allocation. The retail quota of the issue was subscribed to 9.79%. Before<\/p>\n","protected":false},"author":23,"featured_media":48739,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[2259],"class_list":["post-48738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-dev-accelerator-ipo-listing"],"metadata":{"_edit_lock":["1758103169:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"rank_math_seo_score":["79"],"rank_math_primary_category":["1281"],"rank_math_title":["Dev Accelerator IPO Listing: Check Experts' Verdicts Here"],"rank_math_description":["Dev Accelerator IPO Listing at \u20b961, a Premium of 0% over the IPO price of \u20b961 per share. What should be your next move on the Dev Accelerator IPO? 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