58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Dev Accelerator Limited IPO Analysis

Dev Accelerator IPO is a book build IPO listing on BSE,NSE exchange. The company is based in Ahmedabad and caters to Advertising And Media sector. Pantomath Capital Advisors Private is the merchant banker of Dev Accelerator IPO. It is a MAINBOARD UPCOMING IPO which filed its Draft Red Herring Prospectus (DRHP) on 30th March 2025.

Dev Accelerator IPO posted revenues of Rs 118.60 crores and PAT of Rs 0.60 crores in FY25 on annualised basis.

Nature of IPO : MAINBOARD UPCOMING
Exchange : BSE,NSE
IPO Type : Book Building

Dev Accelerator IPO Financial Performance (Restated)

Financial results of Dev Accelerator IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials
[●]
FY24
FY23
FY22
Balance Sheet
Assets
473.00
411.00
282.40
100.80

Net Worth
53.40
28.60
1.20
-2.20

Total Debt
124.10
101.00
33.10
13.80

Profit & Loss
Revenue
Revenue on annualised basis
59.30
118.60
108.00
69.90
30.80

EBITDA
EBITDA on annualised basis
32.30
64.60
64.70
29.80
13.80

PAT
PAT on annualised basis
0.30
0.60
0.40
12.80
-7.50

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Dev Accelerator IPO Key performance Indicators (KPI)

Dev Accelerator IPO PAT Margin is 0.51%, ROCE (Return on Capital Employed) is 12.00% as per latest financial. The below table shows Dev Accelerator IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars
[●]
FY24
FY23
FY22

EBITDA Margin (%)
54.47
59.91
42.63
44.81

PAT Margin (%)
0.51
0.37
18.31
-24.35

EPS (Rs.)
[●]
[●]
[●]
[●]

ROE (%)
0.56
1.40
1,066.67
340.91

ROCE (%)
12.00
17.31
3.65
-9.57

ROA (%)
0.06
0.10
4.53
-7.44

Debt to Equity (x)  
2.32
3.53
27.58
-6.27

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Dev Accelerator IPO Valuation Metrics

The market Capitalisation of Dev Accelerator IPO is Rs [●] crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (Rs. Cr.):
[●]

Enterprice Value (EV) (Rs. Cr.):
[●]

EV/EBITDA (times) :
[●]

PE Multiple (times) :
[●]

P/B (times) :
[●]

NAV (Rs.) :
[●]

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Dev Accelerator prospectus?

The Dev Accelerator IPO prospectus highlights an Return on Equity (ROE) of 15%, Return on Assets (ROA) of 12%, and an EBITDA Margin of 18%, showcasing financial performance.

How do profitability ratios impact the evaluation of Dev Accelerator IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Dev Accelerator IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Dev Accelerator IPO ?

The post-IPO market capitalisation of Dev Accelerator IPO is ₹[●] Cr, based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Dev Accelerator IPO?

The Dev Accelerator IPO has a Price-to-Earnings (PE) ratio of [●], indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Dev Accelerator IPO?

Dev Accelerator IPO reported revenue of ₹118.60 Cr in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Dev Accelerator IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Dev Accelerator IPO?

Dev Accelerator recorded an EBITDA of ₹ 64.60 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Dev Accelerator IPO?

Dev Accelerator Profit After Tax (PAT) is ₹0.60 Cr, reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 118.60 Cr.
            EBITDA: ₹ 64.60 Cr.
            PAT: ₹ 0.60 Cr.
  • EBITDA Margin: 54.47 %
            Pat Margin: 0.51%
  • Net Worth: ₹ 53.40 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: [●]

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Dev Accelerator operates in Advertising And Media and Largest Flex Space Operators. The Issue is listed on BSE,NSE in Apr, 2025. Dev Accelerator IPO size was with Issue price of .

Merchant Banker(s) of Dev Accelerator IPO: Pantomath Capital Advisors Private Limited

Dev Accelerator IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Dev Accelerator IPO listed at a listing price of against the offer price of .

The current market price of Dev Accelerator is .

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