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IPO

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

KFin Techologies Ltd

Attention Investor:

1) "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."         2) For Stock Broking Transaction "Prevent unauthorised transactions in your account Update your mobile numbers / email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile / email at the end of the day .... Issued in the interest of Investors."         3) For Depository Transaction "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day....Issued in the interest of investors."         4) No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.

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