Dev Accelerator LimitedIPO Timeline
About Dev Accelerator Limited
The company is one of the largest flex space operators in terms of operational flex stock in Tier 2 markets. Specializing in complete Built to Suit Managed Office Solutions for enterprises, the company has established a presence across 15 submarkets in India across Tier 1 markets of Delhi NCR, Hyderabad, Mumbai, Pune and Tier 2 markets of Ahmedabad (including Gandhinagar), Indore, Jaipur, Udaipur, and Vadodara. In addition to these, the company also has an operational Centre in Rajkot. The company commenced its operations in 2017 offering comprehensive office space solutions tailored to the needs of diverse businesses. The company provides integrated services from sourcing office spaces, customizing designs, developing spaces and providing technology solutions to providing complete asset management. As on August 31, 2024, the company serviced over 230 clients and have 25 Centers across 11 cities in India.
Dev Accelerator Limited Subscription Status
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| TBA | 0 | 0 | 0 | 0 |
| TBA | 0 | 0 | 0 | 0 |
Dev Accelerator Limited Financial Status
| Particulars (in Rs. Crores) | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 540.38 | 411.09 | 282.42 |
| Total Income | 178.89 | 110.73 | 71.37 |
| Profit After Tax | 1.74 | 0.43 | -12.83 |
| EBITDA | 80.46 | 64.74 | 29.88 |
| Net Worth | 54.79 | 28.79 | 1.22 |
| Total Borrowing | 130.67 | 101.05 | 33.20 |
Dev Accelerator Limited SWOT Analysis
Strengths
- Pan-India presence with consistently high occupancy rates across our centers.
- Delivering strong financial and operating metrics.
- Customer-centric business model with an integrated platform approach, ensuring long-term relationships with customers.
- Experienced Promoters and management team with deep industry expertise.
Risks
- With over 80% of revenue from IT/ITES clients, losing their business could harm the company’s financial health.
- High capital needs may require financing, risking the company’s operations and finances.
- The company’s growth relies on customer relationships; poor experiences may hurt client retention, growth, and profits.
- Long-term fixed leases for 65% of our seats may hurt liquidity, operations, and profits.