Dev Accelerator Ltd
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 10-09-2025 | 12-09-2025 | ₹2 per share | 0 | 235 Shares | BSE, NSE | 2,35,00,000 shares (aggregating up to ₹143.35 Cr) | 1970-01-01 05:30:00 | 2025-09-16 00:00:00 | 2025-09-16 00:00:00 | 17-09-2025 |
About The Company
Dev Accelerator IPO is a book build issue of ₹143.35 crores. The issue is entirely a fresh issue of 2.35 crore shares of ₹143.35 crore.
Dev Accelerator IPO opens for subscription on Sep 10, 2025 and closes on Sep 12, 2025. The allotment for the Dev Accelerator IPO is expected to be finalized on Sep 15, 2025. Dev Accelerator IPO will list on BSE, NSE with a tentative listing date fixed as Sep 17, 2025.
Dev Accelerator IPO price band is set at ₹56.00 to ₹61.00 per share . The lot size for an application is 235. The minimum amount of investment required by an retail is ₹14,335 (235 shares) (based on upper price). The lot size investment for sNII is 14 lots (3,290 shares), amounting to ₹2,00,690, and for bNII, it is 70 lots (16,450 shares), amounting to ₹10,03,450.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 31-03-2023 | 282 | 71 | -13 | 1.22 | 0 | 33.2 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 235 | 14335 |
| Retail (Max) | 13 | 3055 | 186355 |
| S-HNI (Min) | 14 | 3290 | 200690 |
| S-HNI (Max) | 69 | 16215 | 989115 |
| B-HNI (Min) | 70 | 16450 | 1003450 |
IPO Listing Details
| Listing Date | 17-09-2025 |
| BSE Script Code | - |
| NSE Symbol | - |
| ISIN | - |
| Final Issue Price | 0 |
Promoter holdings
Parth Shah, Umesh Uttamchandani, Rushit Shah and Dev Information Technology Limited are the company promoters.
Contact Information of the Company
Dev Accelerator Ltd.
C-01, The First Commercial Complex,
behind Keshavbaug Party Plot,
Vastrapur,
Ahmedabad, Gujarat, 380015
Phone: 7041482004
Email: compliance@devx.work
Website: http://www.devx.work/
IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: dal.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
IPO Lead Manager
Pantomath Capital Advisors Pvt.Ltd. (Past IPO Performance)