Dev Accelerator Ltd files DRHP for IPO

Dev Accelerator Limited (DevX) an associate company of Dev Information Technology Limited (the company), has informed the Company that it has filed a draft red herring prospectus dated March 30, 2025 with the Securities and Exchange Board of India for an initial public issue of 27,500,000 equity shares of Face value of ₹ 2/- each for cash ("Equity Shares').

The IPO comprises of an offer of up to Fresh issue of 27,500,000 equity shares of Face value of ₹ 2/- each for cash and is 100% Book Built Issue. The issue comprises of Net issue, the Employee Reservation Portion and Shareholder's Reservation Portion.

Source : Equity Bulls

Keywords

DevAccelerator AssociateCompany DevInformationTechnology DEVIT FundRaising DevX IPO SEBI DRHP