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 Money Payable On
Opens on Closes On Application Allotment
10-Sep-25 12-Sep-25 61.00-0.00 0.00-0.00
Minimum Application for shares in Nos : 235   Further Multiples of : 235
  Rs(Cr.) Lead Managers to the Issue
Project Cost 127.38 Pantomath Capital Advisors Pvt Ltd
Project Financed through Current Offer 143.35  
Post Issue Equity Share Capital 18.04  
Issue Price 61.00  

Project

  • 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