
New Launch9 Sept 2025, 10:43 am
Dev Accelerator Limited IPO to Open on September 10, 2025 with Price Band at ₹ 56 - ₹ 61 per Equity Share
AI Summary
Dev Accelerator Limited, a flex space operator, is set to open its Initial Public Offering (IPO) on September 10, 2025. The price band for the IPO is fixed at ₹ 56 to ₹ 61 per Equity Share. The company plans to utilize the net proceeds from the fresh issue towards capital expenditure, repayment and/or pre-payment of certain borrowings, and general corporate purposes. Dev Accelerator Limited reported a revenue from operations of ₹ 2158.88 crore in FY25, up 47% from the previous fiscal. The company operates in Tier 2 markets and has over 250 clients and 28 Centers across 11 cities in India.
Key Highlights
- Dev Accelerator Limited IPO to open on September 10, 2025
- Price band at ₹ 56 - ₹ 61 per Equity Share
- Total Issue size of Equity Shares with face value ₹ 22 each
- Revenue from operations of ₹ 2158.88 crore in FY25
- Over 250 clients and 28 Centers across 11 cities in India