Archive · 5 Sep 2025
Dev Accelerator IPO to Fund India, Australia Expansion
Dev Accelerator, a company that provides flexible office spaces, is selling shares to the public through an IPO to raise money.
The IPO is worth ₹143 crore.
They plan to use the money to build new office spaces in India (Ahmedabad, Jaipur, Surat, and Pune) and expand into Sydney, Australia.
The company will also use funds to pay off some debt.
Currently, they manage office space across 11 Indian cities.
The IPO opens on September 10 and closes on September 12, giving people a chance to buy shares.
Dev Accelerator is launching an IPO of ₹143 crore.
The IPO opens on September 10 and closes on September 12.
Funds will be used for capital expenditures, debt payment, and corporate purposes.
The company plans to expand office spaces in India and Sydney, Australia.
Company currently manages 8.6 lakh square feet of office space across 11 cities.
- Who
- Dev Accelerator, a flexible office space provider.
- What
- An initial public offering (IPO) of ₹143 crore and expansion plans.
- When
- The IPO opens on September 10 and closes on September 12.
- Where
- India (Ahmedabad, Jaipur, Surat, Pune), and Sydney, Australia.
- Why
- To fund capital expenditures, debt repayment, and general corporate purposes, including expansion.
- IPO Amount
- ₹143 crore
- Opening Date
- September 10
- Closing Date
- September 12
- Use of Proceeds
- Capital expenditures, debt repayment, and general corporate purposes
- Office Space (Currently)
- 8.6 lakh sq ft across 11 cities
- Planned Expansion (India)
- 9 lakh sq ft
- Expansion Location (Australia)
- Sydney
- 2025 Revenue
- ₹158 crore
