IPO Synopsis
| Dev Accelerator Ltd |
|---|
| Registered Office: No. C-01 The First Commercial-,Complex Vastrapur,Ahmedabad-380015, Gujarat |
| Tel. No: 70414 82004 |
| Fax No: NA |
| 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 | Money Payable On | ||
|---|---|---|---|
| Opens On | Closes On | Application | |
| 10-Sep-2025 | 12-Sep-2025 | ₹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 | 127.38 | Pantomath Capital Advisors Pvt Ltd |
| Project Financed through Current Offer | 143.35 | |
| Post Issue Equity Share Capital | 18.04 | |
| Issue Price | 61.00 |
| 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 |
|---|
| BSE |
| NSE |
| Registrar To The Issue |
|---|
