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Dev Accelerator IPO IPO

Mainline10 Sep 202512 Sep 2025
Open
10 Sep 2025
Close
12 Sep 2025
3
Allotment
Listing
Wed, Sep 17, 2025
Price Band
₹56 to ₹61
Issue Size
2,35,00,000 shares (agg. up to ₹143 Cr)
Lot Size
235 Shares
Listing Date
Wed, Sep 17, 2025
Latest GMP
₹6
Est. Gain
9.84%
✦ AI Insight

GMP Trend

17-09-20256Est. ₹67+9.84%
16-09-20256Est. ₹67+9.84%
15-09-20256Est. ₹67+9.84%

Live Subscription

CategorySubscription (times)
Total35.82x

Restated Financials (₹ Cr.)

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets540.38411.09282.42
Total Income178.89110.7371.37
Profit After Tax1.740.43-12.83
EBITDA80.4664.7429.88
NET Worth54.7928.791.22
Total Borrowing130.67101.0533.20
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
Indiqube Spaces Ltd.Mainboard₹700.00 Cr₹237null₹217.97-8.03%₹171.01 (-2.12%)
Smartworks Coworking Spaces Ltd.Mainboard₹582.56 Cr₹407null₹445.05+9.35%₹463.85 (-0.52%)
International Gemmological Institute (India) Ltd.Mainboard₹4,225.00 Cr₹41750.98₹471.15+12.99%₹350.45 (-0.79%)
Happy Square Outsourcing Services Ltd.SME₹24.25 Cr₹7610.83₹80.85+6.38%₹42.20 (+4.84%)
Moving Media Entertainment Ltd.SME₹43.40 Cr₹708.49₹74.55+6.50%₹29.80 (-4.94%)
Icon Facilitators Ltd.SME₹19.11 Cr₹9111.72₹85.50-6.04%₹69.00 (+2.83%)
Nukleus Office Solutions Ltd.SME₹31.70 Cr₹23452.33₹196.55-16.00%₹221.70 (-0.54%)
Eleganz Interiors Ltd.SME₹78.07 Cr₹13017.67₹116.05-10.73%₹94.20 (+0.16%)
Chamunda Electrical Ltd.SME₹14.60 Cr₹5016.59₹66.50+33.00%₹43.15 (-3.58%)
EMA Partners India Ltd.SME₹76.01 Cr₹12415.56₹148.70+19.92%₹83.00 (-0.48%)
Supreme Facility Management Ltd.SME₹50.00 Cr₹7618.7₹71.25-6.25%₹23.50 (+0.00%)
Mangal Compusolution Ltd.SME₹16.23 Cr₹4511.66₹42.75-5.00%₹45.03 (-2.11%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Capital expenditure for fit-outs in the new Centres and for security deposits of the new Centres.73.12
2Repayment and/or pre-payment, in full or part, of certain borrowings availed by Company including redemption of NCDs35.00
3General Corporate Purposes19.26
4Issue Expenses15.97
Total143.35

About Dev Accelerator 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 centres 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 centre 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 Th

Contact Details

Dev Accelerator Ltd. AddressC-01, The First Commercial Complexbehind Keshavbaug Party PlotVastrapurAhmedabad, Gujarat, 3800157041482004compliance@devx.workVisit Website