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DEVXEQ / NSE, BSEListed

Dev Accelerator Limited

Dev Accelerator Limited (DevX), established in 2017, is engaged in providing flexible office space solutions and operates through its subsidiary, Neddle and Thread Designs LLP, which offers design and execution services. The company’s business model is centered on flexibility and adaptability to modern workplace needs, offering coworking spaces, managed offices, and customizable desks and suites. Its primary clients include large corporations, multinational companies (MNCs), and small to medium enterprises (SMEs), supported by features such as flexible lease options and solutions aligned with remote work trends. As of August 31, 2024, DevX has built a strong operational presence with 25 centers across 11 cities, including Delhi-NCR, Hyderabad, Mumbai, and Pune, with a total seating capacity of 12,691 and a managed area of 806,635 square feet, catering to over 230 clients. The company is expanding aggressively, with three new centers signed under letters of intent, including its first international location in Sydney, Australia, and a new domestic market in Surat, India. This pipeline adds 11,500 new seats and 897,341 square feet of space. The net proceeds from the Dev Accelerator IPO are planned to be utilized for funding fit-outs and security deposits for new centers amounting to ₹73.11 crore, repayment of borrowings and redemption of NCDs worth ₹35 crore, along with general corporate purposes.

₹56 - ₹6163.97x sub
Listed Price61.30
Listing Gain+0.49%
Subscription63.97x total demandUpdated 21 Nov 2025, 10:00 AM
QIB20.30x
Hot Bidding (High Profits)Offered: 69,01,950 sh
Nib87.97x
🔥 Blockbuster Sizzling Demand!Offered: 34,50,975 sh
Hnis(10l +)78.94x
🔥 Blockbuster Sizzling Demand!Offered: 23,00,650 sh
Hnis (2-10l)106.02x
🔥 Blockbuster Sizzling Demand!Offered: 11,50,325 sh
Retail164.72x
🔥 Blockbuster Sizzling Demand!Offered: 23,00,650 sh
Employees17.61x
Hot Bidding (High Profits)Offered: 1,64,500 sh
Shareholder46.98x
🔥 Blockbuster Sizzling Demand!Offered: 3,29,000 sh
CategoryOfferedAppliedTimes
QIB69,01,95014,01,34,96520.3x
Nib34,50,97530,35,78,87587.97x
Hnis(10l +)23,00,65018,16,20,69078.94x
Hnis (2-10l)11,50,32512,19,58,185106.02x
Retail23,00,65037,89,52,540164.72x
Employees1,64,50028,97,31517.61x
Shareholder3,29,0001,54,55,48046.98x
Segment Subscription Demand
Segment / CategoryDemand (Shares)Offered (Shares)Times Sub.
QIB854.8242.120.30x
Fiis289.10Open
Fis461.590Open
Mutual Funds0.040Open
Others104.090Open
Retail2,311.6114.03164.76x
Hnis 2+743.947.02105.97x
Hnis 10+1,107.8914.0378.97x
Employees17.67117.67x
Shareholder94.282.0146.91x
Application-wise Breakup
CategoryReservedAppliedTimes Sub.
Retail9,79014,37,893146.87x
Employees09,750Open
Hnis(10l +)69910,84515.52x
Hnis (2-10l)35035,771102.20x
Shareholder014,804Open