Dev Accelerator IPO is scheduled to open on September 10, 2025, and will close on September 12, 2025. It is being launched as a Book Built Issue, through which the company aims to raise approximately ₹143.35 crores. This includes a complete fresh issue of equity shares worth ₹143.35 crores, along with an offer for sale of shares having a face value of ₹2 each.

The IPO has been priced in the band of ₹56 to ₹61 per share, with the quota distribution set at 10% for retail investors, 75% for Qualified Institutional Buyers (QIBs), and 15% for High Net-worth Individuals (HNIs). The basis of allotment is expected to be finalized on September 15, 2025, and the shares will be listed on both the NSE and BSE on September 17, 2025.

From a financial standpoint, Dev Accelerator reported revenues of ₹178.89 crores in FY 2025, compared to ₹110.72 crores in FY 2024, reflecting solid top-line growth. The company’s profit also improved, rising from ₹0.44 crores in FY 2024 to ₹1.77 crores in FY 2025, showing progress in profitability. Based on these financials, analysts suggest that the IPO may be a good option for investors who are considering it from a long-term investment perspective.

About Dev Accelerator IPO

Dev Accelerator, established in 2017, is recognized as one of the leading providers of flexible workspaces in Tier 2 cities across India. The company primarily focuses on creating fully managed and custom-built office spaces designed to meet the needs of businesses. Its operations span across 15 locations, with a presence in both Tier 1 cities such as Delhi NCR, Hyderabad, Mumbai, and Pune, as well as Tier 2 cities including Ahmedabad, Gandhinagar, Indore, Jaipur, Udaipur, and Vadodara.

Since its inception, the company has specialized in offering comprehensive office space solutions that align with the varied requirements of its clients. Its services include identifying suitable office locations, customizing and designing interiors, constructing workspaces, and providing integrated technology solutions. Over the years, Dev Accelerator has built a strong client base, serving over 230 businesses, and currently operates 25 centers across 11 cities in India.

As of August 31, 2024, the company manages 12,691 seats spread over a total area of 806,635 square feet, highlighting its growing footprint and capability in the managed workspace sector.