Dev Accelerator Limited Files DRHP with SEBI for IPO of 27,500,000 Equity Shares

Dev Accelerator Limited, an associate company of Dev Information Technology Limited, has filed a draft red herring prospectus with the Securities and Exchange Board of India for an initial public issue of 27,500,000 equity shares. The IPO is a 100% book built issue, comprising of a fresh issue of 27,500,000 equity shares. The issue comprises of a net issue, an employee reservation portion, and a shareholder’s reservation portion. The DRHP is available on the SEBI website.