Dev Accelerator Limited
Promoters Dev Information Technology Limited · Umesh Uttamchandani · Parth Shah · Rushit Shah
Against an issue price of ₹61. Split- and bonus-adjusted official closes — a past move, never a forecast.
Dev Accelerator Limited raised ₹143 crore through a mainboard initial public offer.
The filing places it in Diversified and names four promoters: Dev Information Technology Limited, Umesh Uttamchandani, Parth Shah and Rushit Shah.
The book was open from 10 September 2025 to 12 September 2025.
The issue was priced at ₹61 a share, from a band of ₹56 to ₹61.
The whole offer is a fresh issue of shares — ₹143 crore raised by the company itself.
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
11 anchor investors were allotted shares before the book opened, worth ₹63 crore.
The shares listed on 17 September 2025.
The last official close on file is ₹35.13 (21 September 2026), which is 42.4% below the issue price.
It now trades as DEVX, and its filed financials are on its company page.
Shares sold in the issue at ₹61 last closed at ₹35.13.
See DEVX’s filed financials and price history →Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.
No offer-for-sale leg — every share in this offer is newly issued, so the whole amount raised goes to the company.
- Registrar
- KFintech Private Limited
- Lead manager
- Pantomath Capital Advisors Pvt Limited
- Bidding opens10 Sept 2025
- Bidding closes12 Sept 2025
- Basis of allotmentnot published
Not published in the exchange feeds we ingest — we do not estimate it.
- Listing17 Sept 2025
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
Anchor investors are institutions allotted shares one working day before public bidding opens, at a price fixed then. Their shares are locked in for a set period.
| Finavenue Capital Trust - Finavenue Growth Fund | ₹10 cr |
| Sunrise Investment Opportunities Fund | ₹7.2 cr |
| VPK Global Ventures Fund - Scheme 1 | ₹6 cr |
| Abans Finance Private Limited | ₹5 cr |
| Chattisgrah Investments Limited | ₹5 cr |
| Meru Investment Fund PCC | ₹5 cr |
| SB Opportunities Fund II | ₹5 cr |
| Shine Star Build Cap Pvt Ltd | ₹5 cr |
| Universal Sompo General Insurance Company Limited | ₹5 cr |
| Vbcube Ventures Fund | ₹5 cr |
| Venus Investments VCC-Venus Stellar Fund | ₹5 cr |
From the issuer’s anchor allotment filing. A record of who was allotted what — not a recommendation.
- Anchor investors — first trancheSEBI ICDR 2018 Reg. 32(5)(b) — 50% of the anchor allocation, 30 days from allotment17 Oct 202550% of this tranche
- Anchor investors — second trancheSEBI ICDR 2018 Reg. 32(5)(a) — the remaining 50% of the anchor allocation, 90 days from allotment16 Dec 202550% of this tranche
- All other pre-issue capitalSEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment17 Mar 2026already free
- Promoters' minimum contributionSEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment17 Mar 2027whole tranche releases on this date
Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.
The "Basis for Offer Price" chapter states the earnings the price was set against and the multiples it implies. We have not extracted it for this issue — several offer documents are served as .zip archives or as scanned pages with no text layer.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
The offer document must name the listed companies the issuer considers comparable, and print their valuation figures beside its own. This is that list — the issuer’s choice of comparison, not ours.
| Company | P/E | P/B | RoNW | EPS | Income |
|---|---|---|---|---|---|
| Awfis Space Solutions Limited | 61.0 | — | 14.8% | 9.75 | ₹12,075 cr |
| Indiqube Spaces Limited | -28.7 | — | — | -7.65 | ₹10,593 cr |
| Smartworks Coworking Spaces Limited | -74.0 | — | -58.6% | -6.18 | ₹13,741 cr |
The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.
Figures as PRINTED by the issuer in its own offer document. The comparison set is the issuer's choice, not ours.
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Pantomath Capital Advisors Private Limited 2023 – 2026 | 15 2 measurable | +13.5% | 1 of 2 | — | — |
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
KFintech Private Limited 2023 – 2026 | 68 2 measurable | +35.7% | 2 of 5 | 1 of 3 | 1 of 1 |
A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.
- Prospectus· PDF · exchange archive15 Sept 2025
- Draft red herring prospectus (DRHP)· PDF · exchange archive17 Apr 2025
- Draft red herring prospectus (DRHP)· PDF · exchange archive30 Sept 2024
- Anchor investor allotment· ZIP · exchange archive
- Financial ratios advertisement· ZIP · exchange archive
- Listing filing (XBRL)· XML · exchange archive
- In-principle approval (XBRL)· XML · exchange archive
Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.
Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.