Dev Accelerator has raised ₹63 crore from anchor buyers forward of its IPO, which opens for public subscription on Wednesday, September 10, 2025. The corporate knowledgeable the bourses as we speak that it had allotted 10,352,925 fairness shares of ₹2 every to anchor buyers at an allocation value of ₹61 per fairness share (together with a share premium of ₹59 per fairness share).
The diversified anchor guide of Dev Accelerator includes anchor buyers, together with insurance coverage and NBFC treasuries reminiscent of Common Sompo Common Insurance coverage Firm Restricted, Chattisgarh Investments Restricted, Abans Finance Personal Restricted, home AIFs, and a few FPIs.
IPO Particulars
The IPO of Dev Accelerator is scheduled to open for subscription on Wednesday, September 10, 2025, and can shut on Friday, September 12, 2025. The IPO is a book-built difficulty with a value band set between ₹56 and ₹61 per fairness share.
Buyers can apply in a number of 235 fairness shares every. The fairness shares of Dev Accelerator might be listed on each BSE and NSE, with the tentative itemizing date set for September 17, 2025.
The full difficulty dimension is ₹143 crore on the higher finish of the value band, the Subject might be carried out via guide constructing with an allotment of not lower than 75% of the web difficulty to certified institutional patrons, no more than 15% of the web difficulty to non-institutional buyers, and less than 10% of the web difficulty to retail particular person bidders and likewise has a reservation portion for workers and shareholders.
Pantomath Capital Advisors Personal Restricted is the only book-running lead supervisor for the Dev Accelerator IPO.
Concerning the firm
Dev Accelerator affords area options within the type of versatile workspaces to its purchasers, from particular person desks to personalised workplace areas with unique entry for purchasers. The corporate has established itself as a one-stop built-in answer platform for any versatile office requirement. It is among the largest flex area operators by way of operational flex inventory in Tier 2 markets.
Disclaimer: The views and suggestions made above are these of particular person analysts or broking firms, and never of Mint. We advise buyers to examine with licensed specialists earlier than making any funding selections.
