The shares of Dev Accelerator Ltd were first listed on the stock exchanges on 17 Sep 2025.
Price Band / Share
Issue Size
Min Investment
Times Subscribed
Lot size
Price Band / Share
Issue Size
Min Investment
Times Subscribed
Lot size
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).
The shares of Dev Accelerator Ltd were first listed on the stock exchanges on 17 Sep 2025.
The total issue size of the Dev Accelerator Ltd IPO is 143.35
The minimum lot size for Dev Accelerator Ltd public issue was 235.00 shares.
The price band of the IPO of Dev Accelerator Ltd was 61.00 to 0.00 per equity shares.
Our business originally started as a limited liability partnership under the name and style of Dev Accelerator LLP on September 14, 2017 under the Limited Liability Partnership Act, 2008, pursuant to a certificate of incorporation issued by the RoC with Umesh Satishkumar Uttamchandani, Rushit Shardulkumar Shah, Parth Naimeshbhai Shah and Dev Information Technology Limited as its partners. Subsequently, Parashwanath Land Organisers LLP joined Dev Accelerator LLP on July 1, 2019. Pursuant to a No Objection Certificate and an Affidavit cum Declaration, from the erstwhile partners of Dev Accelerator LLP dated August 13, 2020, the limited liability partnership was converted into a private limited companyand a certificate of incorporation dated September 5, 2020 was issued by the Registrar of Companies, Central Registration Centre under the name and style of `Dev Accelerator Private Limited'. Our Company was further converted into a public limited company pursuant to a special resolution passed by our Shareholders at the extra-ordinary general meeting held on July 12, 2024 and a fresh certificate of incorporation consequent upon conversion to public limited company dated September 3, 2024 was issued by the RoC. The name of our Company was changed to its present name, `Dev Accelerator Limited'.
KFin Techologies Ltd is the registrar and share transfer agent of Dev Accelerator Ltd IPO.