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IPO Synopsis

Dev Accelerator Ltd
  • Registered Office: No. C-01 The First Commercial-,Complex Vastrapur, Ahmedabad - 380015, Gujarat, India.
  • Phone : 70414 82004   Fax:
  • Email : compliance@devx.work
  • Website :www.devx.work
Initial public offering of 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 to Rs. 143.35 crores ( "issue") comprising a fresh issue of 23,500,000 equity shares by the company aggregating to Rs.14.34 crores ( "fresh issue").
Issue
Opens On Closes On
10-Sep-25 12-Sep-25
Money Payable On
Application Allotment
61.00 0.00
Minimum Application for shares in Nos : 235 Further Multiples of : 235
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 127.38 Pantomath Capital Advisors Pvt Ltd
Project Financed through Current Offer (.Cr) 143.35  
Post Issue Equity Share Capital (.Cr) 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
KFin Techologies Ltd
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