– IPO Opens: September 10, 2025
– IPO Closes: September 12, 2025
– Share Allotment: September 15, 2025
– Refunds Initiated: September 16, 2025
– Credit to Demat/Listing: September 17, 2025

IPO Issue: 2.35 crore fresh equity shares
Face Value: ₹2 per share
Listing On: NSE & BSE
Lead Manager: Pantomath Capital Advisors
Registrar: Kfin Technologies
Promoters: Parth Shah, Umesh Uttamchandani, Rushit Shah & Dev Information Technology Limited

Founded in 2017, Dev Accelerator (DevX) has rapidly emerged as a leader in the flexible workspace industry in India, catering to more than 250 clients. The company manages 28 centers across 11 Indian cities with over 860,000 sq. ft. of managed office space.

• Specialist in managed, custom-built office solutions for corporates, MNCs, and SMEs
• Presence in Tier-1 cities (Delhi NCR, Mumbai, Hyderabad, Pune) and fast-growing Tier-2 hubs (Ahmedabad, Gandhinagar, Indore, Jaipur, Udaipur, Vadodara)
• 25+ centers, 14,000+ seats (as of August 2025)

The company posted impressive growth, with revenue of Rs 159 crore and net profit of Rs 1.8 crore in FY24-25. Dev Accelerator’s managed office solutions account for over 58% of total revenue. The IPO proceeds will be channelled towards expansion, debt repayment, and launching new centers, including an international branch in Sydney, Australia.

• Dev Accelerator is riding the demand for hybrid and flexible offices post-pandemic.
• It’s one of India’s few large-scale pure-play workspace solution IPOs.
• Success could spark increased investor interest in flexible workspace brands as the sector matures.

This IPO is a bellwether for both investors and startups in India’s booming commercial real estate innovation space.

Investors can apply via ASBA using net banking, broker platforms, or UPI-enabled apps during the open window.
Minimum lot sizes, price band, and application amounts will be revealed closer to the issue date.
Check the NSE, BSE or lead manager’s IPO page for latest prospectus & instructions.

Dev Accelerator is doubling down on tech integration, sustainable workspaces, and pan-India-plus global expansion. With an eye on international markets and continued urban demand, the brand aims to lead the future of how India works.