Dev Accelerator
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Dev Accelerator Ltd has received in-principle approval from the National Stock Exchange and BSE for a preferential issue of 77,77,770 equity shares, comprising 33,33,330 shares to be issued upon conversion of warrants and 44,44,440 shares on a preferential basis. The issue, priced at no less than ₹45 a share, is expected to raise around ₹35 crore. The warrants are to be allotted to promoters, while the equity shares will go to non-promoter investors. The approvals were conveyed in letters dated June 8 and June 9, 2026. The company's board had earlier obtained shareholder approval for the capital raise, which will support its expansion in the coworking and managed workspace business.
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Dev Accelerator Ltd has received in-principle approval from the National Stock Exchange and BSE for a preferential issue of 77,77,770 equity shares, comprising 33,33,330 shares to be issued upon conversion of warrants and 44,44,440 shares on a preferential basis. The issue, priced at no less than ₹45 a share, is expected to raise around ₹35 crore. The warrants are to be allotted to promoters, while the equity shares will go to non-promoter investors. The approvals were conveyed in letters dated June 8 and June 9, 2026. The company's board had earlier obtained shareholder approval for the capital raise, which will support its expansion in the coworking and managed workspace business.
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Dev Accelerator Ltd has partnered with the Prestige Group to add 1.11 lakh sq ft of managed workspace across two Grade A+ developments on Bengaluru's Outer Ring Road, the company said on Monday. The expansion, which will add over 1,200 seats, is expected to generate roughly ₹2.2 crore in monthly revenue. The first asset at Prestige Lakeshore Drive is set to launch on 1 August 2026, with an investment of about ₹10 crore towards fit-outs and infrastructure. The second development, Prestige Featherlite Tech Hub, is designed around a walk-to-work model. The company's managing director said the move aligns with long-term demand from global capability centres and AI-native enterprises in the manufacturing and retail sectors.
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Dev Accelerator Ltd has partnered with the Prestige Group to add 1.11 lakh sq ft of managed workspace across two Grade A+ developments on Bengaluru's Outer Ring Road, the company said on Monday. The expansion, which will add over 1,200 seats, is expected to generate roughly ₹2.2 crore in monthly revenue. The first asset at Prestige Lakeshore Drive is set to launch on 1 August 2026, with an investment of about ₹10 crore towards fit-outs and infrastructure. The second development, Prestige Featherlite Tech Hub, is designed around a walk-to-work model. The company's managing director said the move aligns with long-term demand from global capability centres and AI-native enterprises in the manufacturing and retail sectors.
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May 19 (Reuters) - Dev Accelerator Ltd DEVA.NS:
DEV ACCELERATOR LTD - APPROVES ISSUE OF UP TO 1 BILLION RUPEES NCDS ON PRIVATE PLACEMENT BASIS
Source text: ID:nBSE7qCYXc
Further company coverage: DEVA.NS
(([email protected];;))
May 19 (Reuters) - Dev Accelerator Ltd DEVA.NS:
DEV ACCELERATOR LTD - APPROVES ISSUE OF UP TO 1 BILLION RUPEES NCDS ON PRIVATE PLACEMENT BASIS
Source text: ID:nBSE7qCYXc
Further company coverage: DEVA.NS
(([email protected];;))
May 12 (Reuters) - Dev Accelerator Ltd DEVA.NS:
DEV ACCELERATOR LTD - BOARD TO CONSIDER FUNDRAISING VIA NON-CONVERTIBLE DEBENTURES ON PRIVATE PLACEMENT BASIS
Source text: ID:nBSE7V6nxW
Further company coverage: DEVA.NS
(([email protected];))
May 12 (Reuters) - Dev Accelerator Ltd DEVA.NS:
DEV ACCELERATOR LTD - BOARD TO CONSIDER FUNDRAISING VIA NON-CONVERTIBLE DEBENTURES ON PRIVATE PLACEMENT BASIS
Source text: ID:nBSE7V6nxW
Further company coverage: DEVA.NS
(([email protected];))
April 13 (Reuters) - Dev Accelerator Ltd DEVA.NS:
DEV ACCELERATOR LTD - LOCKS IN 1.1 BILLION RUPEES ENTERPRISE DEAL
Source text: ID:nnAZN4SQIFG
Further company coverage: DEVA.NS
(([email protected];))
April 13 (Reuters) - Dev Accelerator Ltd DEVA.NS:
DEV ACCELERATOR LTD - LOCKS IN 1.1 BILLION RUPEES ENTERPRISE DEAL
Source text: ID:nnAZN4SQIFG
Further company coverage: DEVA.NS
(([email protected];))
March 24 (Reuters) - Dev Accelerator Ltd DEVA.NS:
DEV ACCELERATOR LTD - APPROVES ISSUE OF SHARES WORTH 200 MILLION RUPEES ON PREFERENTIAL BASIS
DEV ACCELERATOR LTD - APPROVES ISSUE OF WARRANTS WORTH UPTO 150 MILLION RUPEES
Source text: ID:nBSEFxPK4
Further company coverage: DEVA.NS
(([email protected];))
March 24 (Reuters) - Dev Accelerator Ltd DEVA.NS:
DEV ACCELERATOR LTD - APPROVES ISSUE OF SHARES WORTH 200 MILLION RUPEES ON PREFERENTIAL BASIS
DEV ACCELERATOR LTD - APPROVES ISSUE OF WARRANTS WORTH UPTO 150 MILLION RUPEES
Source text: ID:nBSEFxPK4
Further company coverage: DEVA.NS
(([email protected];))
March 17 (Reuters) - Dev Accelerator Ltd DEVA.NS:
BOARD TO CONSIDER FUND RAISING VIA EQUITY OR OTHER SECURITIES ON MARCH 24, 2026
Source text: ID:nBSE46WN81
Further company coverage: DEVA.NS
(([email protected];;))
March 17 (Reuters) - Dev Accelerator Ltd DEVA.NS:
BOARD TO CONSIDER FUND RAISING VIA EQUITY OR OTHER SECURITIES ON MARCH 24, 2026
Source text: ID:nBSE46WN81
Further company coverage: DEVA.NS
(([email protected];;))
Jan 27 (Reuters) - Dev Accelerator Ltd DEVA.NS:
DEV ACCELERATOR LTD - DEVX LAUNCHES MANAGED OFFICE SPACE CAMPUS IN TIER II CITIES
Source text: ID:nBSE2qTRss
Further company coverage: DEVA.NS
(([email protected];;))
Jan 27 (Reuters) - Dev Accelerator Ltd DEVA.NS:
DEV ACCELERATOR LTD - DEVX LAUNCHES MANAGED OFFICE SPACE CAMPUS IN TIER II CITIES
Source text: ID:nBSE2qTRss
Further company coverage: DEVA.NS
(([email protected];;))
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Popular questions
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What does Dev Accelerator do?
Dev Accelerator, along with its subsidiaries and its associate companies, is primarily engaged in the business of providing workspace on rent, integrated facility management income (facility management services) and enterprise workspace designing and building services (construction and fit-out projects).
Who are the competitors of Dev Accelerator?
Dev Accelerator major competitors are Awfis Space Solution, Smartworks Coworking, Indiqube Spaces. Market Cap of Dev Accelerator is ₹328 Crs. While the median market cap of its peers are ₹3,652 Crs.
Is Dev Accelerator financially stable compared to its competitors?
Dev Accelerator seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Dev Accelerator pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Dev Accelerator latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Dev Accelerator allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Dev Accelerator balance sheet?
Dev Accelerator balance sheet is weak and might have solvency issues
Is the profitablity of Dev Accelerator improving?
Yes, profit is increasing. The profit of Dev Accelerator is ₹8.85 Crs for TTM, ₹1.73 Crs for Mar 2025 and ₹0.43 Crs for Mar 2024.
Is the debt of Dev Accelerator increasing or decreasing?
The net debt of Dev Accelerator is decreasing. Latest net debt of Dev Accelerator is ₹89.44 Crs as of Mar-26. This is less than Mar-25 when it was ₹124 Crs.
Is Dev Accelerator stock expensive?
Dev Accelerator is not expensive. Latest PE of Dev Accelerator is 37.28, while 3 year average PE is 186. Also latest EV/EBITDA of Dev Accelerator is 3.82 while 3yr average is 4.1.
Has the share price of Dev Accelerator grown faster than its competition?
There is not enough historical data for the companies share price.
Is the promoter bullish about Dev Accelerator?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Dev Accelerator is 35.09% and last quarter promoter holding is 36.81%
Are mutual funds buying/selling Dev Accelerator?
There is Insufficient data to gauge this.