IPOName: Dev Accelerator IPO; ListingDate: 2025-09-17; IPOSize: ₹143.35 Cr; PriceBand: ₹56–₹61; OpenDate: 2025-09-10; CloseDate: 2025-09-12; LotSize: 235; Exchange: NSE, BSE; Registrar: KFin Technologies; IssueType: Book Built; FaceValue: ₹2;
Dev Accelerator IPO Overview
Dev Accelerator Limited, operating under the brand DevX, is a prominent provider of flexible workspace solutions in India. Established in 2017, the company offers coworking and managed office spaces across major cities, including Delhi-NCR, Mumbai, Hyderabad, and Pune. With over 860,000 square feet of managed workspace and more than 14,000 seats, DevX caters to a diverse clientele, ranging from SMEs to multinational corporations.
About Dev Accelerator Limited
Founded in 2017, Dev Accelerator has rapidly expanded its footprint in the flexible workspace sector. The company currently operates 28 centers across 11 key cities in India and has plans to further expand, including its first international venture in Sydney, Australia. DevX's business model focuses on providing scalable and customizable workspace solutions to meet the evolving needs of businesses.
Dev Accelerator IPO Details
| IPO Name | Dev Accelerator IPO |
| Listing Date | 2025-09-17 |
| IPO Size | ₹143.35 Cr |
| Price Band | ₹56 – ₹61 |
| Open Date | 2025-09-10 |
| Close Date | 2025-09-12 |
| Lot Size | 235 Shares |
| Exchange | NSE, BSE |
| Registrar | KFin Technologies |
| Issue Type | Book Built Issue |
| Face Value | ₹2 per share |
Strengths of Dev Accelerator
- Established presence in key Indian cities with plans for international expansion.
- Diverse clientele ranging from SMEs to multinational corporations.
- Scalable and customizable workspace solutions catering to evolving business needs.
- Experienced management team with a track record of successful operations.
Risks to Consider
- Dependence on the real estate market, which can be cyclical and affected by economic conditions.
- Competition from other flexible workspace providers and traditional office space leasing companies.
- Operational challenges associated with managing multiple locations across different regions.
Should You Invest?
The Dev Accelerator IPO presents an opportunity to invest in a growing company within the flexible workspace sector. Potential investors should consider the company's expansion plans, market position, and associated risks before making an investment decision.
Disclaimer
This article is for educational purposes only. It does not constitute financial advice. Investors should consult their financial advisors before making any investment decisions.
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