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Dev Accelerator IPO: Things Smart Investors Need to Know Before Investing

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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.

Dev Accelerator IPO Details and Objectives

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

  • Expand operations: Funds will be allocated to expand operations into new cities and boost capacity.
  • Reduce debt: Part of the proceeds will be used to clear outstanding liabilities, strengthening the company's financial health.
  • Improve technology infrastructure: The company aims to enhance its tech-based services for its growing clientele.

Timeline of Dev Accelerator 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

Pricing and Lot Size of Dev Accelerator IPO

  • Price Band for the IPO: TBA
  • Minimum Lot Size: TBA
  • Minimum Investment for Retail Investors: TBA
  • Minimum Investment for HNIs: TBA
  • Application Details: TBA

How to Apply for the Dev Accelerator IPO

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.

Investment Risks and Opportunities

Potential Risks of Investing in the IPO

  • Market Volatility: Uncertainty in the equity market can affect stock performance.
  • Business Model Reliance: Heavy reliance on flexible workspace demand and tech infrastructure.

Opportunities and Growth Potential

  • Industry Growth: Co-working space demand expected to rise due to hybrid work models.
  • Tech-Enabled Services: Expansion into tech-focused workspace solutions.

Dev Accelerator IPO Registrar

Registrar

KFIN Technologies Ltd.

Contact

M. Murali Krishna

Email

dal.ipo@kfintech.com

Phone

040-67162222

Dev Accelerator IPO Lead Managers

Lead Manager

Pantomath Capital Advisors Pvt. Ltd.

Contact

Kaushal Patwa

Email

devx.ipo@pantomathgroup.com

Phone

1800 889 8711

Conclusion

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.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

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Frequently Asked Questions

What is the Dev Accelerator IPO date & price?

Answer Field

The IPO date and price are TBA, with details expected to be released soon.

What is the Dev Accelerator IPO and why is it significant?

Answer Field

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.

What is the price band for the Dev Accelerator IPO, and how was it determined?

Answer Field

The price band is TBA and will be decided based on market demand and valuation, in consultation with the lead managers.

What are the key risks and rewards of investing in the Dev Accelerator Limited IPO?

Answer Field

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.

When will the Dev Accelerator IPO shares be listed?

Answer Field

The shares will be listed on the NSE and BSE after the allotment process, with the listing date TBA.

What documents should I review before investing in the Dev Accelerator IPO?

Answer Field

Investors should review the Draft Red Herring Prospectus, financials, and risk factors outlined by the company.

Will Dev Accelerator IPO pay dividends?

Answer Field

The dividend policy will depend on the company’s profitability post-listing, and any such decisions are TBA.

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