The Dev Accelerator IPO is scheduled to open on September 10, 2025, and close on September 12, 2025. Here are the key details:
IPO Details
- Price Band: ₹56 to ₹61 per share
- Issue Size: ₹143.35 crores, comprising a fresh issue of 2.35 crore equity shares
- Lot Size: 235 shares, with a minimum investment of ₹14,335
- Listing At: BSE and NSE
- Expected Listing Date: September 17, 2025
Investment Details
- Minimum Investment: ₹14,335 for retail investors (1 lot of 235 shares)
- Retail Quota: 10% of the total issue size
- QIB Quota: 75% of the total issue size
- NII Quota: 15% of the total issue size
Company Overview
Dev Accelerator is a leading flexible workspace operator in India, particularly in Tier 2 markets. The company offers managed office spaces, coworking spaces, and design and execution services. As of May 31, 2025, Dev Accelerator manages 28 centers with 14,144 seats, covering a total super built-up area of 8,60,522 sq. ft.
Use of Proceeds
The company plans to utilize the IPO proceeds for:
- Capital expenditure for fit-outs in proposed centers: ₹73.12 crore
- Repayment and/or pre-payment of certain borrowings: ₹35 crore
- General Corporate Purposes: Remaining amount
Grey Market premium (GMP)
- The Dev Accelerator IPO’s Grey Market Premium (GMP) is between ₹6 and ₹9 per share, with an expected listing gain of around 14.75% at ₹70 per share, considering the upper price band of ₹61.
