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Dev Accelerator Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Dev Accelerator Ltd IPO

Registered Office: No. C-01 The First Commercial-,Complex Vastrapur , Ahmedabad - 380015 , Gujarat , India.
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 Money Payable On
Opens On Closes On Application Allotment
10-Sep-25 12-Sep-25 (Rs)61.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :235  Further Multiples of :235

  (Rs 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 (Rs)61.00  
 
Projects
Capital exp for fit outs in the new Centres and for security deposits of the new CentresGeneral corporate purposes
Repayment and /or pre-payment in full or part of certain borrowings availed by the company including redemption of NCDs
Promoted By
Parth Naimeshbhai Shah  
Rushit Shardulkumar Shah  
Umesh Satishkumar Uttamchandan  
Listing At
BSE 
NSE 
Registrar to the Issue
KFin Techologies Ltd