Dev Accelerator IPO GMP & Review: Apply or Avoid?

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Dev Accelerator IPO is open for bidding from 10th September 2025 to 12 September 2025. It is a bookbuilding IPO of ₹143.35 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. 

Dev Accelerator IPO Details

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 ₹2 per share, and the IPO price is set at ₹56.00 to ₹61.00 per share.

Kfin Technologies Limited is the registrar of the Dev Accelerator IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below. 

Dev Accelerator IPO Share Reservation

Dev Accelerator IPO is a bookbuilding IPO of ₹143.35 crores, comprising a fresh issue of 2.35 crore shares of Dev Accelerator, which will be listed on the BSE and NSE. Furthermore, SEBI has specified the share reservation criteria for different investor categories. 

Dev Accelerator IPO GMP Grey Market Premium

GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Dev Accelerator IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

As of 8th September 2025, Dev Accelerator IPO GMP stands at ₹11 per share, which means the share will likely show a listing at ₹72 on its tentative listing date, 17th September 2025.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Dev Accelerator GMP. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends. 

Dev Accelerator IPO GMP Review

Check out the detailed Dev Accelerator GMP IPO review for a thorough understanding of its potential to report listing gains on 17th September 2025. The Dev Accelerator IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business’s financials before applying for the Dev Accelerator IPO.

Dev Accelerator Limited’s revenue increased by 62% from ₹110.73 crores in March 2024 to ₹178.89 crores in March 2025. Moreover, the company’s PAT rose by 303% from ₹0.43 crores to ₹1.74 crores.

Dev Accelerator Limited’s IPO has shown consistent revenue growth, indicating that the company is financially stable. Moreover, brokers, investors, and RAs have a positive outlook for the Dev Accelerator IPO, with its tentative listing day set for 17th September 2025.  

Technical Analysis

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Dev Accelerator IPO.

The P/E ratio of Dev Accelerator Limited’s share is 233.25, and its Earnings Per Share (EPS) stands at 0.26. Thus, the Dev Accelerator Limited IPO is expected to deliver gains on its tentative listing date, 3rd September 2025. 

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Dev Accelerator Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics. 

Dev Accelerator Limited IPO Peer Comparison

Dev Accelerator IPO Subscription Status

The Dev Accelerator IPO is to be opened for bidding on 10th September 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Dev Accelerator IPO subscription status. 

About Dev Accelerator Limited

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’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 centres across 11 cities in India, with 14,144 seats covering a total area under management of 860,522 square feet.

Dev Accelerator Limited Financials

The company’s financial analysis is crucial before applying for the Dev Accelerator IPO. Refer to the table to learn about Dev Accelerator Limited’s financials. 

Explanation

Dev Accelerator Limited’s revenue increased by 62% from ₹110.73 crores in March 2024 to ₹178.89 crores in March 2025. Moreover, the company’s PAT rose by 303% from ₹0.43 crores to ₹1.74 crores.

Dev Accelerator IPO Bidding Requirements

Investors can bid for a minimum of 235 shares and in multiples of shares thereof. The following table represents the minimum and maximum investments by individual investors (retail) and HNI in terms of shares and amount.

Dev Accelerator IPO has reserved lot sizes for different investor categories. Look at the table below to see the requirements for applying for this IPO.

Use the lot size calculator to find how many shares you should apply for!

Dev Accelerator IPO Promoter Holding

Have a look at the table below to check the holdings of Dev Accelerator Limited’s promoters: Rakesh Ashok Markhedkar, Avinash Markhedkar and Nakul Markhedkar.

Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue –  Share Holding Post-Issue.

Aim of the Dev Accelerator IPO

The primary aim of the Dev Accelerator IPO is to raise ₹143.35 crores. On the other hand, Dev Accelerator has decided to utilise these funds in different ways. Explore some of the secondary objectives for the Dev Accelerator IPO.

• To Capital expenditure for fit-outs in the new Centres and for security deposits of the new Centres.
• To Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company, including redemption of NCDs.
• For general corporate purposes.

Should I Invest in the Dev Accelerator IPO?

Explore the pros and cons of Dev Accelerator to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades. 

    Pros of Dev Accelerator IPO

• Dev Accelerator has the largest flex space operating in tier 2 in the indian market.
• It offers a diversified service portfolio, including design & execution, payroll, facility management, and IT/ITeS Services.
• The Clients enjoy plug-and-play, customizable offices without upfront capex and encouraging long-term engagement.
• The company has strong financial growth.  

Cons of Dev Accelerator IPO

• The company has a client and industry concentration.
• The company has leases on all locations and lack of property ownership.
• The company has a modest profit margin.

How to Apply for the Dev Accelerator IPO?

Check the steps mentioned below to apply for Dev Accelerator Limited.

• Step 1: Conduct thorough research on the Dev Accelerator IPO GMP, subscription status, issue size, lot size, and other details. 
• Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Make a bid for one lot of 235 shares worth ₹14,335.
• Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for the Dev Accelerator IPO from more than one demat account to increase your chances of allotment. 

How to Check Dev Accelerator IPO Allotment Status?

You can check whether the Dev Accelerator IPO allotment has been completed in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.

Check On BSE

• Visit the NSE Official Website.
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose the Dev Accelerator IPO.  
• Choose whether to proceed with the PAN number or the application number. 
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal.
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Dev Accelerator IPO allotment status.

Let’s Wrap

Dev Accelerator IPO is a bookbuilding issue of shares worth ₹143.35 crores. The shares of Dev Accelerator Limited will be listed on NSE and BSE on its tentative listing date of 17th September 2025. Researching the Dev Accelerator IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on Dev Accelerator IPO

How is the Dev Accelerator IPO?

Ans. Currently, on 8th September 2025, the Dev Accelerator IPO GMP (Grey Market Premium) stands at ₹11. It indicates that the estimated listing price could be ₹72 per share. It is a bookbuilding IPO of ₹143.35 crores, comprising a fresh issue of 2.35 crore shares. The face value of each share of Dev Accelerator Limited is ₹2 per share.

What is the Dev Accelerator IPO price?

Ans. The Dev Accelerator IPO price is set at ₹56.00 to ₹61.00 per share.  Retail investors can apply for a minimum of 1 lots consisting of 235 shares worth ₹14,335. Moreover, HNIs are required to bid for a minimum of 14 lots (3,290 shares) worth ₹2,00,690.

Is the Dev Accelerator IPO good?

Ans. Dev Accelerator Limited’s revenue increased by 62% from ₹110.73 crores in March 2024 to ₹178.89 crores in March 2025. Moreover, the company’s PAT rose by 303% from ₹0.43 crores to ₹1.74 crores.

Who is the registrar of the Dev Accelerator IPO?

Ans. Kfin Technologies Limited is the registrar of the Dev Accelerator IPO, responsible for managing the allotment procedure and initiating refunds. For any queries regarding the Dev Accelerator allotment and refund, please contact Bigshare Services Private Limited at reachus@kfintech.com or  04067162222, 04079611000.

What is the issue size of the Dev Accelerator IPO?  

Ans. Dev Accelerator IPO is a bookbuilding IPO for 2.35 crore shares worth ₹143.35 crores. Moreover, the IPO is set to open on 10th September  2025 and will be closed on 12th September 2025. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Dev Accelerator IPO, download the Dev Accelerator IPO RHP and Dev Accelerator IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

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