wealthstreet

Dev Accelerator Ltd.

Issue Open Date	10-Sep-25
Issue Closing Date	12-Sep-25
Application Money	100
Allotment Money

Price Band (Rs.)	56 - 61
Minimum Bid Quantity.	235
Issue Size (Shares)	13147075
Market Lot	1

Objective

1. Capital expenditure for fit-outs in the new Centres and for security deposits of the new Centres 2. Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company including redemption of non-convertible debentures issued by our Company (“NCDs”) in and3. General corporate purposes.

Business Description

We are one of the largest flex space operators in terms of operational flex stock in Tier 2 markets (Source: JLL Report). Specializing in complete Built to Suit Managed Office Solutions for enterprises, we have established a presence across 15 submarkets in India across Tier 1 markets of Delhi NCR, Hyderabad, Mumbai, Pune and Tier 2 markets of Ahmedabad (including Gandhinagar), Indore, Jaipur,...

Promoter's Holding

Total Share Capital	33201850
Offered to Public	13147075
Promoter's Holding (Pre-Issue)	49.8
Promoter's Holding (Post-Issue)	36.81

Address

C-01
The First Commercial Complex
Behind Keshavbaug Party Plot
Near Shivalik High Street
Vastrapur
Ahmedabad ,
Gujarat ,
380015
Phone : 7041482004
Email : compliance@devx.work
Website : www.devx.work

Registrar

K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Karvy Selenium Tower B
Plot 31-32
Gachibowli
Financial District
Nanakramguda
Hyderabad

Listed at

BSE, NSE

Lead Manager

Pantomath Capital Advisors Pvt Ltd.

Promoters

Amisha Jaimin Shah
Dev Information Technology Ltd.
Jaimin Jagdishbhai Shah
Kruti Pranav Pandya
Parth Naimeshbhai Shah
Pranav Niranjan Pandya
Rushit Shardulkumar Shah
Umesh Satishkumar Uttamchandani

IPO Snapshot