Dev Accelerator IPO Listing at 0% Premium at ₹61 Per Share

Wed Sep 17 2025

Check Experts’ 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 delving deeper into the topic, go through the details of the Dev Accelerator IPO.

Table of Contents

Dev Accelerator IPO Listing

On the NSE (National Stock Exchange platform), shares are listed at ₹61 per share, reflecting a premium of 0% against the issue price of ₹61 per share. On the other hand, on the other BSE (Bombay Stock Exchange), shares are listed at ₹61.30 per share, reflecting a premium of 0.49%.

Dev Accelerator IPO Details

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.

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.

IPO Open Date	10th September 2025
IPO Close Date	12th September 2025
IPO Allotment Date	15th September 2025
Refund Initiation	16th September 2025
Issue Size	2,35,00,000 shares(aggregating up to ₹143.35 Cr)
Face Value	₹2 per share
Lot Size	235 shares
Issue Price Band	₹56.00 to ₹61.00 per share
Issue Type	Bookbuilding IPO
Listing At	BSE & SME
Listing Date	17th September 2025

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 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.

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.

Year Ended	31st March 2025 (in cr.)	31st March 2024 (in cr.)	31st March 2023 (in cr.)
Assets	540.38	411.09	282.42
Revenue	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
Reserve and surplus	–	–	–
Total Borrowing	130.67	101.05	33.20

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.