Description

Dev Accelerator Limited allocated 1,03,52,925 equity shares worth ₹63.15 crores to 11 anchor investors at ₹61 per share.

Summary

Dev Accelerator Limited (formerly Dev Accelerator Private Limited) has completed anchor investor allocation for its public issue. The IPO Committee allocated 1,03,52,925 equity shares of face value ₹2 each to 11 anchor investors at ₹61 per share, raising ₹63.15 crores.

Key Points

  • Total anchor allocation: 1,03,52,925 equity shares
  • Allocation price: ₹61 per share (including ₹59 premium)
  • Face value: ₹2 per share
  • Total amount raised: ₹63,15,28,425
  • Number of anchor investors: 11
  • Book Running Lead Manager: Pantomath Capital Advisors Private Limited

Anchor Investors Allocation

  • Finavenue Capital Trust - Finavenue Growth Fund: 16,39,360 shares (15.83%) - ₹10.00 crores
  • Sunrise Investment Opportunities Fund: 11,72,415 shares (11.32%) - ₹7.15 crores
  • VPK Global Ventures Fund - Scheme 1: 9,83,710 shares (9.50%) - ₹6.00 crores
  • Universal Sompo General Insurance Company Limited: 8,19,680 shares (7.92%) - ₹5.00 crores
  • Abans Finance Private Limited: 8,19,680 shares (7.92%) - ₹5.00 crores
  • Chattisgrah Investments Limited: 8,19,680 shares (7.92%) - ₹5.00 crores
  • Meru Investment Fund PCC: 8,19,680 shares (7.92%) - ₹5.00 crores
  • SB Opportunities Fund II: 8,19,680 shares (7.92%) - ₹5.00 crores
  • Shine Star Build Cap Pvt Ltd: 8,19,680 shares (7.92%) - ₹5.00 crores
  • Vbcube Ventures Fund: 8,19,680 shares (7.92%) - ₹5.00 crores
  • Venus Investments VCC-Venus Stellar Fund: 8,19,680 shares (7.92%) - ₹5.00 crores

Important Dates

  • IPO Committee meeting and allocation finalization: September 9, 2025

Impact Assessment

The successful anchor allocation indicates strong institutional confidence in Dev Accelerator Limited’s IPO. The diverse investor base including insurance companies, investment funds, and venture capital funds suggests broad market appeal. The premium pricing at ₹61 per share against ₹2 face value reflects positive market sentiment for the company’s prospects.

Impact Justification

Significant IPO anchor allocation indicating strong institutional interest in new listing