What is the Dev Accelerator IPO date & price?
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The IPO date and price are TBA, with details expected to be released soon.
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Overview of the Company
Dev Accelerator Limited, founded in 2017 as Dev Accelerator LLP, is a rapidly growing business that specializes in flexible workspace solutions across India. The company transformed into a private limited entity in 2020 and was recently converted into a public limited company in 2024. With its headquarters in Ahmedabad, Dev Accelerator serves various businesses by offering co-working spaces tailored to meet the needs of startups, SMEs, and enterprises.
Core Business and Market Position
Dev Accelerator has solidified its market position as a leading player in the flexible workspace sector. Through strategic alliances and an expanding portfolio of high-demand spaces, the company caters to a growing need for scalable office solutions in key Indian cities. With a focus on technology-enabled services, Dev Accelerator ensures innovative and client-centered experiences, making it a preferred choice among corporates and entrepreneurs alike.
The IPO aims to raise funds to support Dev Accelerator's expansion and strengthen its market presence. The company plans to use the proceeds for enhancing its technology infrastructure, increasing its workspace capacity, and reducing debt.
IPO Details:
Parameter | Details |
Face Value | ₹2 per equity share |
Total Issue Size | 24,700,000 shares |
Listing Exchanges | NSE, BSE |
Lead Manager | Pantomath Capital Advisors Pvt. Ltd. |
Registrar | KFIN Technologies Ltd. |
Purpose of the IPO
Event | Date |
IPO Open Date | TBA |
IPO Close Date | TBA |
Basis of Allotment | TBA |
Initiation of Refunds | TBA |
Credit of Shares to Demat | TBA |
Listing Date | TBA |
Cut-off time for UPI mandate confirmation | TBA |
Online Application Process
Step 1: Log in to your Bajaj Broking trading account linked to your Demat account.
Step 2: Navigate to the IPO section and select " Dev Accelerator IPO."
Step 3: Choose the number of shares and the price within the specified range.
Step 4: Complete the UPI mandate or ASBA process to block the required funds.
Step 5: Submit your application.
Potential Risks of Investing in the IPO
Opportunities and Growth Potential
Registrar | KFIN Technologies Ltd. |
Contact | M. Murali Krishna |
dal.ipo@kfintech.com | |
Phone | 040-67162222 |
Lead Manager | Pantomath Capital Advisors Pvt. Ltd. |
Contact | Kaushal Patwa |
Phone | 1800 889 8711 |
Dev Accelerator’s IPO offers an opportunity to invest in India’s growing flexible workspace market. With solid growth potential and a tech-enabled business model, it is poised to capture significant market share. However, prospective investors should weigh the potential risks and rewards before making a decision.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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The IPO date and price are TBA, with details expected to be released soon.
Dev Accelerator is a prominent player in the flexible workspace industry in India. This IPO is significant as it will help the company fund expansion and provide growth opportunities in a booming sector.
The price band is TBA and will be decided based on market demand and valuation, in consultation with the lead managers.
To apply through your Bajaj Broking Demat Account, go to the IPO section, and select " Dev Accelerator IPO." Choose quantity and price, complete the UPI mandate or ASBA process, and submit your application to block the required funds.
Key risks include market competition and reliance on demand for co-working spaces, while rewards stem from the growing co-working space market and the company's technological advancements.
The shares will be listed on the NSE and BSE after the allotment process, with the listing date TBA.
Investors should review the Draft Red Herring Prospectus, financials, and risk factors outlined by the company.
The dividend policy will depend on the company’s profitability post-listing, and any such decisions are TBA.
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