Dev Accelerator Ltd.

Current

mainboard

Dev Accelerator IPO

GMP

₹12

Subscription

23.23x

Overall

GMP Trend

Dev Accelerator IPO

Issue Size: 143.35

GMP: 12

Open: 10/9/2025

Close: 12/9/2025

Company Overview

Established in 2017, Dev Accelerator Limited, commonly known as DevX, provides flexible office spaces, including coworking environments. The company has expanded its presence to 15 centers across India, encompassing major cities such as Delhi-NCR, Hyderabad, Mumbai, and Pune.

Sector

P/E Ratio

233.25

Security Type

mainboard

Face Value

₹2 per share

Incorporation Year

Employee Count

Brand Name

IPO ID

2117

IPO Details

Category	Shares
Qualified Institutional Buyers	1,72,54,875 (73.43%)
Excluding Anchor	69,01,950 (29.37%)
Anchor Investor	1,03,52,925 (44.06%)
Non Institutional Investors	34,50,975 (14.69%)
bNII (> ₹10L)	23,00,650 (9.79%)
sNII (< ₹10L)	11,50,325 (4.90%)
Retail Individual Investors	23,00,650 (9.79%)
Employee Shares Offered	1,64,500 (0.70%)
Total Shares Offered	2,35,00,000 (100.00%)

Dev Accelerator Ltd.

Dev Accelerator IPO

Dev Accelerator Ltd.

Dev Accelerator IPO

Only RII

Only sNII

Only bNII

Only shareholder

Only employee

Employee + Shareholder

Employee + Shareholder + RII/NII

Shareholder + RII/NII

Employee + RII/NII