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IPO

IPO Details


Dev Accelerator Ltd
Registered Office: No. C-01 The First Commercial-, Complex Vastrapur, Ahmedabad - 380015, Gujarat
Phone: 70414 82004
Email: compliance@devx.work
Website: www.devx.work
Initial public offering of up to 23,500,000 equity shares of face value of Rs.2 each ("Equity Shares") of Dev Accelerator Limited ("Company" or "Issuer") for cash at a price of Rs. 61# per equity share (including a share premium of Rs.59 per equity share) ("Issue Price") aggregating up to Rs.143.35 crores ("issue") comprising a fresh issue of up to 23,500,000 equity shares by the company aggregating up to Rs.143.35 crores ( "fresh issue"). This issue includes a reservation of up to 164,500 equity shares of face value of Rs.2 each aggregating to Rs. 1.00 crores (constituting [*]% of the post-issue paid-up equity share capital of the company) for subscription by eligible employees (the "employee reservation portion") and a reservation of up to 329,000 equity shares of face value of Rs.2 each, aggregating to Rs.2.01 crores (constituting up to [*]% of the post- issue paid-up equity share capital of the company of the issue) for subscription by eligible shareholders ("shareholders' reservation portion"). The issue less the employee reservation portion and the shareholders' reservation portion is hereinafter referred to as "net issue". The issue and the net issue would constitute [*]% and [*]%, respectively, of its post-issue paid-up equity share capital.
Issue Money Payable On
Opens On Closes On Application Allotment
10-Sep-2025 12-Sep-2025 ₹ 61.00 ₹ 0.00
Minimum Application for shares in Nos : 235.0 Further Multiples of : 235.0
(₹)Cr. Lead Managers to the Issue
Project Cost 0.00 Pantomath Capital Advisors Pvt Ltd
Project Financed through Current Offer 143.35
Post Issue Equity Share Capital 18.04
Issue Price ₹61.00
Projects
Capital exp for fit outs in the new Centres and for security deposits of the new Centres
Repayment and /or pre-payment in full or part of certain borrowings availed by the company including redemption of NCDs
General corporate purposes
Promoted By
Parth Naimeshbhai Shah
Rushit Shardulkumar Shah
Umesh Satishkumar Uttamchandan
Listing At
BSE
NSE
Registrar to the Issue
No Data Available

INDIAN INDICES

Sensex

81,785.74 -118.96 (-0.15%)

Nifty

25,069.20 -44.80 (-0.18%)

GLOBAL INDICES

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NASDAQ
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26,446.57 58.40(0.22%)