Dev Accelerator IPO Details
08 September 2025 · Sachin Gadekar
Detailed Insights into Dev Accelerator IPO GMP, Price, Subscription, and Listing
Introduction
The Indian IPO market continues to attract investors with a strong pipeline of companies going public in 2025. Among the upcoming listings, Dev Accelerator IPO has garnered significant attention, thanks to its strong financial growth and expansion in the coworking sector. Investors are keen to know about the Dev Accelerator IPO GMP today, allotment details, price band, and listing expectations.
This article provides an in-depth look at the Dev Accelerator Limited IPO, its business model, financial performance, grey market premium (GMP), and whether it is a good investment opportunity.
Dev Accelerator IPO Details
| Particulars | Details |
|---|---|
| IPO Date | September 10, 2025 to September 12, 2025 |
| Listing Date | September 17, 2025 (tentative) |
| Face Value | ₹2 per share |
| Price Band | ₹56 – ₹61 per share |
| Lot Size | 235 shares |
| Total Issue Size | 2.35 crore shares (₹143.35 crore) |
| Issue Type | Book Building IPO |
| Listing At | BSE, NSE |
| Pre-Issue Shares | 6.66 crore |
| Post-Issue Shares | 9.01 crore |
Dev Accelerator IPO Timeline
| Event | Date |
|---|---|
| IPO Open Date | September 10, 2025 |
| IPO Close Date | September 12, 2025 |
| Allotment Date | September 15, 2025 |
| Refunds Initiation | September 16, 2025 |
| Credit to Demat | September 16, 2025 |
| Listing Date | September 17, 2025 |
| UPI Mandate Cut-off | 5 PM, September 12, 2025 |
Dev Accelerator IPO Lot Size
| Investor Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 235 | ₹14,335 |
| Retail (Max) | 13 | 3,055 | ₹1,86,355 |
| S-HNI (Min) | 14 | 3,290 | ₹2,00,690 |
| S-HNI (Max) | 69 | 16,215 | ₹9,89,115 |
| B-HNI (Min) | 70 | 16,450 | ₹10,03,450 |
About Dev Accelerator Limited
Founded in 2017, Dev Accelerator Limited (popularly known as DevX) is one of India’s leading providers of flexible office space and coworking solutions.
The company has 28 centres across 11 cities in India including Delhi-NCR, Mumbai, Pune, and Hyderabad.
It offers 14,144 seats with a total area under management of 860,522 sq. ft.
It has signed LOIs for three new centres, including its first international office in Sydney, Australia.
By adding new spaces, the company aims to expand to 897,341 sq. ft. with 11,500 additional seats.
The company caters to corporates, MNCs, SMEs, and startups. Through its subsidiary, Neddle and Thread Designs LLP, it also offers workspace design and execution services.
Dev Accelerator Financial Performance (₹ in Crores)
| Period Ended | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Assets | 540.38 | 411.09 | 282.42 |
| Total Income | 178.89 | 110.73 | 71.37 |
| Profit After Tax (PAT) | 1.74 | 0.43 | -12.83 |
| EBITDA | 80.46 | 64.74 | 29.88 |
| Net Worth | 54.79 | 28.79 | 1.22 |
| Total Borrowings | 130.67 | 101.05 | 33.20 |
Dev Accelerator IPO Review – Good or Bad?
Positives:
Strong presence in the flexible workspace market, which is growing rapidly post-pandemic.
Significant financial turnaround from losses to profitability.
Expansion into international markets with Sydney operations.
Increasing demand for coworking and managed office spaces.
Risks:
The business is capital-intensive, requiring large upfront investments.
The sector is competitive, with players like WeWork, Awfis, and Smartworks.
Profit margins remain low despite revenue growth.
Verdict:
The Dev Accelerator IPO appears promising due to sector growth, improving financials, and expansion plans. However, investors should weigh risks such as competition and capital requirements before investing.
FAQs
Q1. What is the Dev Accelerator IPO GMP today?
The grey market premium (GMP) fluctuates daily. Investors should track updated market reports for the latest figures.
Q2. When is the Dev Accelerator IPO open for subscription?
The IPO opens on September 10, 2025 and closes on September 12, 2025.
Q3. What is the Dev Accelerator IPO price band?
The price band is set between ₹56 and ₹61 per share.
Q4. What is the minimum investment for retail investors?
Retail investors can apply with a minimum of 235 shares (₹14,335 at upper price band).
Q5. Is the Dev Accelerator IPO good or bad?
The IPO shows strong growth potential, but investors should consider sector risks and competition before applying.
Q6. What is the tentative listing date of Dev Accelerator IPO?
The IPO is expected to list on September 17, 2025, on both BSE and NSE.
Conclusion
The Dev Accelerator IPO offers investors exposure to India’s growing flexible workspace and coworking market. With strong revenue growth, a diversified client base, and expansion into international markets, the company is well-positioned for future growth.
However, as with any IPO, investors should carefully evaluate risks and track the Dev Accelerator IPO GMP, allotment details, and listing price before making investment decisions.
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