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Dev Accelerator Ltd

Registered Office : No. C-01 The First Commercial-,Complex Vastrapur,Ahmedabad Gujarat 380015 Phone : 70414 82004
Fax :

Email : compliance@devx.work

Website : www.devx.work

Initial public offering of 23,500,000 equity shares of face value of Rs. 2/- each ("equity shares") of Dev Accelerator Limited ("company" or "issuer") for cash at a price of Rs. 61/- per equity share (including a share premium of Rs. 59/- per equity share) ("issue price") aggregating to Rs. 143.35 crores ( "issue") comprising a fresh issue of 23,500,000 equity shares by the company aggregating to Rs.14.34 crores ( "fresh issue").

Issue

Opens On

Closes On

10-Sep-2025

12-Sep-2025

Money Payable On

Application

Allotment

61.00

0.00

Minimum Application for shares in Nos : 235.0 Further Multiples of : 235.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

127.38

143.35

18.04

61.00

Pantomath Capital Advisors Pvt Ltd

Projects

Capital exp 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 the company including redemption of NCDs

General corporate purposes

Promoted By

Parth Naimeshbhai Shah

Rushit Shardulkumar Shah

Umesh Satishkumar Uttamchandan

Listing At

Registrar to the Issue

KFin Techologies Ltd