Dev Accelerator Ltd. IPO Details

If you're eyeing India's expanding flexible workspace sector, the Dev Accelerator Ltd. IPO (DevX) may catch your interest. Here's a plain-spoken yet insightful breakdown—and how you can make it happen through JM Financial Services.

IPO Snapshot: At a Glance

• Issue Size: Around ₹143.35 crore through a fresh issue of ~2.35 crore equity shares.
• Price Band: ₹56 to ₹61 per share.
• Lot Size (Retail): 235 shares per lot. That means a minimum investment of ₹14,335 at the upper band.
• Subscription Window: Opens on September 10, 2025, closes on September 12, 2025.
• Allotment Date: Around September 15.
• Listing Date: Expected on September 17, 2025, on both NSE and BSE.

Why Dev Accelerator IPO Stands Out

• Business Model: DevX leads in flexible office solutions—managed workspaces and custom fit-outs especially strong in Tier-2 cities plus metros.
• Growth Trajectory: In FY25, revenue soared to ₹178.89 crore, up from ₹110.73 crore the previous year. PAT jumped to ₹1.74 crore from ₹0.43 crore.Business TodayINDmoney

Company Financials :-

Dev Accelerator Ltd.'s revenue increased by 62% and profit after tax (PAT) rose by 303% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	540.38	411.09	282.42
Total Income	178.89	110.73	71.37
Profit After Tax	1.74	0.43	-12.83
EBITDA	80.46	64.74	29.88
Net Worth	54.79	28.79	1.22
Total Borrowing	130.67	101.05	33.20
Amount in ₹ Crore

The Company Dev Accelerator IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

S.No.	Objects of the Issue	Expected Amount (₹ in crores)
1	Capital expenditure for fit-outs in the new Centres and for security deposits of the new Centres.	73.12
2	Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company including redemption of NCDs	35.00

Market Buzz & Investor Sentiment

• Strong Demand Signals:
  • The IPO got a Day 1 subscription of 5.53× overall.
  • Retail investors contributed to 14× oversubscription in just 5 hours.
• Grey Market Premium (GMP): Hovering at 13–16%, indicating expectations of a premium listing.
• While this enthusiasm is exciting, notable risks remain—ranging from valuation concerns to customer concentration and dependent growth.

How to Apply via JM Financial Services

Here’s how you can tap into this IPO through JM Financial Services platform JM Pro :

1. Open free demat account or Log Into Your JM Financial Services Account
   • Ensure your online brokerage/deposit account is active and linked to your Demat and UPI.
2. Navigate to the IPO Section
   • Look for Dev Accelerator Ltd. IPO in the “Public Offers” tab.
3. Place Your Bid
   • Select the number of lots (1 lot = 235 shares).
   • Enter a price within ₹56–61 per share.
   • Authorize payment using your UPI ID.
4. Check Application Status & Allotment
   • Monitor through your JM portal. Allotments are expected around September 15.
5. Attend the Listing
   • Shares should hit your Demat by September 16.
   • Listing expected on September 17—you’re all set to observe or act post-listing.

Final Thoughts :-

This IPO presents a compelling growth story in India’s flexible workspace sector. With JM Financial Services, subscribing is simplified—just follow the steps, keep an eye on allotment, and you're set. Let me know if you'd like a side-by-side comparison with peers like Awfis or a return potential forecast!

 

FAQs:

Question	Answer
1. Minimum investment?	1 lot = 235 shares. Approx ₹13,160–₹14,335 depending on bid price.ISFMBusiness Standard
2. Can I invest multiple lots?	Yes. Retail investors may apply for up to 13 lots at once.ISFMBajaj Broking
3. What if the IPO is oversubscribed?	Shares will be allotted proportionally based on regulatory norms.
4. When will the IPO list?	Expected on September 17, 2025 on BSE & NSE.The Economic TimesBusiness Standard
5. Should I subscribe?	If you're bullish on flexible workspace expansion and understand the pricing premium, this may interest you. But weigh risks and consult advisors if unsure.