Dev Accelerator IPO 2025: Check IPO Date, Price Range and Lot Size

Let us understand the important aspects related to the Dev Accelerator IPO. First, let us see the basics about Dev Accelerator:

• Dev Accelerator (operating as DevX) offers flexible co-working and managed office space solutions.
• As of May 2025, it operated 28 centres across 11 Indian cities, serving over 250 clients with a total seating capacity of 14,144 seats across 860,522 sq ft.

Dev Accelerator IPO Details 2025

The following are some of the important financial details of Dev Accelerator IPO:

Dev Accelerator IPO Market Lot

The following table provides information about the Dev Accelerator IPO market lot:

Dev Accelerator IPO Dates

The following are the important dates related to Dev Accelerator IPO:

Dev Accelerator Financial Report

The following table shows the financial report of Dev Accelerator Ltd (in ₹ crore):

Promoters of Dev Accelerator IPO

Dev Accelerator IPO is promoted by Umesh Uttamchandani, Parth Shah, Rushit Shah, Dev Information Technology Ltd.

Lead Managers (Merchant Bankers) for Dev Accelerator IPO

The following are the lead managers (also known as Merchant Bankers) for Dev Accelerator IPO:

• Pantomath Capital Advisors Pvt. Ltd.

Dev Accelerator IPO Registrar

The following is the Dev Accelerator IPO registrar details:

• KFin Technologies Limited
• Phone: 04067162222, 04079611000
• E-mail: dal.ipo@kfintech.com
• Website: https://ipostatus.kfintech.com/

Dev Accelerator Company Address

The following is the company address for Dev Accelerator:

Dev Accelerator Limited

C-01, The First Commercial Complex, behind Keshavbaug Party Plot,

Vastrapur, Ahmedabad, Gujarat – 380015, India

• Phone: 7041482004
• Email: compliance@devx.work
• Website: http://www.devx.work/

Frequently Asked Questions - Dev Accelerator IPO

What is Dev Accelerator IPO about?

It’s a fresh issue IPO of ₹143.35 crore, with shares priced between ₹56–₹61, to be listed on BSE & NSE.

When can I apply?

Subscription opens on Sept 10, 2025, and closes on Sept 12, 2025.

What is the investment amount per lot?

One lot is 235 shares, costing ₹56-₹61 per share

What is the investor quota?

The following is the investor quota:

• Retail: Not less than 10%
• NII: Not more than 15%
• QIB: Not more than 75%

When will allotment and listing happen?

Allotment by Sept 15, refunds & demat credit Sept 16, listing on Sept 17, 2025.

What are the use of proceeds?

Funds will be used for expansion (fit-outs for new centers), repaying borrowings, and general corporate purposes. Plan includes launching facilities across several Indian cities.

Important Disclaimer: We strive to provide the most up-to-date and accurate IPO details. However, details may change due to regulatory or market developments. Please verify key information before investing.

Author: Diwakar Singh

Diwakar Singh is a seasoned financial content strategist with over six years of experience in analysing and writing about financial instruments and markets.

 

An MBA gold medalist from IMT, he blends academic excellence with practical insight to craft clear and actionable content. His expertise spans banking, investments, insurance, capital markets, and emerging financial technologies.

Known for his research-driven approach and engaging style, Diwakar is recognised as a trusted voice helping readers and businesses navigate the evolving financial landscape with confidence.