243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

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Dev Accelerator Limited

Ahmedabad

Date of DRHP : 30 Sep 2024

Issue Type : Book Building Process

IPO Type :
MainBoard IPO

Dev Accelerator Basic Details

   Real Estate - Residential and Commercial

Sub Sector: Specializing in complete Built to Suit Managed Office Solutions for enterprises.

About the Company

Dev Accelerator is one of the largest flex space operators in terms of operational flex stock in Tier 2 markets. Specializing in complete Built to Suit Managed Office Solutions for enterprises, Dev Accelerator 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, Udaipur, and Vadodara. In addition to these, Dev Accelerator also have an operational Centre in Rajkot. Dev Accelerator commenced their operations in 2017 offering comprehensive office space solutions tailored to the needs of diverse businesses. Dev Accelerator provide integrated services from sourcing office spaces, customizing designs, developing spaces and providing technology solutions to providing complete asset management. As on August 31, 2024, Dev Accelerator service over 230 clients and have 25 Centers across 11 cities in India, with 12,691 seats covering a total area under management of 806,635 square feet. In addition, Dev Accelerator have entered into signed letters of intent (LOI) with space owners for 3 additional Centers, including one international Center in Sydney, Australia, and have also entered into a lease deed for setting up a Center in Surat. These upcoming centers will have 11,500 seats aggregating to 897,341 sq. ft. their clientele comprises of large corporates, MNCs and SMEs, to whom Dev Accelerator offer a variety of flexible office space solutions such as managed office spaces and coworking spaces as well as design and execution services through their Subsidiary, Neddle and Thread Designs LLP.

Financial Summary (Annualised Basis)

Revenue :
110.73 Cr.

PAT :
0.43 Cr.

Dev Accelerator IPO Lead Manager(s)

Pantomath Capital Advisors Private Limited

Dev Accelerator IPO Registrar

KFin Technologies Limited

Dev Accelerator DRHP Details

Objects of issue

  • Capital expenditure 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 their Company including redemption of non-convertible debentures issued by the Company (“NCDs”) in
  • General corporate purposes

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FAQs

Dev Accelerator operates in Real Estate - Residential and Commercial and Specializing in complete Built to Suit Managed Office Solutions for enterprises.. The Issue would be listed on MainBoard. The registrar of the Issue is KFin Technologies Limited. The IPO type of Dev Accelerator is Book Building Process and Object of issue is

  • Capital expenditure 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 their Company including redemption of non-convertible debentures issued by the Company (“NCDs”) in
  • General corporate purposes

The DRHP (Draft Red Herring Prospectus) of Dev Accelerator IPO was filed on 30 Sep 2024.

No, Dev Accelerator IPO is not yet listed. See other upcoming MainBoard IPOs here.

The IPO open date and IPO close date of Dev Accelerator are not available now. You can apply in Dev Accelerator IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.

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