| Dev Accelerator Ltd |
|---|
| Registered Office: No. C-01 The First Commercial-, Complex Vastrapur, Ahmedabad - 380015, Gujarat |
| Phone: 70414 82004 |
| Email: compliance@devx.work |
| Website: www.devx.work |
| Initial public offering of up to 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. [*]# per equity share (including a share premium of Rs.[*] per equity share) ("Issue Price") aggregating up to [*] crores ( "issue") comprising a fresh issue of up to 23,500,000 equity shares by the company aggregating up to Rs.[*] crores ( "fresh issue"). This issue includes a reservation of up to 164,500 equity shares of face value of Rs.2 each aggregating to Rs. [*] crores (constituting [*]% of the post-issue paid-up equity share capital of the company) for subscription by eligible employees (the "employee reservation portion") and a reservation of up to 329,000 equity shares of face value of Rs.2 each, aggregating to Rs.[*] crores (constituting up to [*]% of the post- issue paid-up equity share capital of the company of the issue) for subscription by eligible shareholders ("shareholders' reservation portion"). The issue less the employee reservation portion and the shareholders' reservation portion is hereinafter referred to as "net issue". The issue and the net issue would constitute [*]% and [*]%, respectively, of its post-issue paid-up equity share capital. Price Band Rs.56 to Rs.61 per equity share of face value of Rs.2 each The floor price and the cap price are 28 times and 30.5 times the face value of the equity shares, respectively. Bids can be made for a minimum of 235 and in multiples of 235 equity shares of face value of Rs. 2 each thereafter. |
| Issue | Money Payable On | ||
|---|---|---|---|
| Opens On | Closes On | Application | Allotment |
| 10-Sep-2025 | 12-Sep-2025 | ₹ 56.00 | ₹ 0.00 |
| Minimum Application for shares in Nos : 235.0 Further Multiples of : 235.0 | ||
|---|---|---|
| (₹)Cr. | Lead Managers to the Issue | |
| Project Cost | 0.00 | Pantomath Capital Advisors Pvt Ltd |
| Project Financed through Current Offer | 131.60 | |
| Post Issue Equity Share Capital | 18.04 | |
| Issue Price | ₹56.00 | |
| Projects |
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| 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 |
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| Parth Naimeshbhai Shah |
| Rushit Shardulkumar Shah |
| Umesh Satishkumar Uttamchandan |
| Listing At |
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| BSE |
| NSE |
| Registrar to the Issue |
|---|
