Description

Dev Accelerator Limited has allocated 1.035 crore 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 the 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 from the anchor portion.

Key Points

  • Total anchor allocation: 1,03,52,925 equity shares
  • Face value: ₹2 per share
  • Anchor allocation price: ₹61 per share (including ₹59 share premium)
  • Total amount raised from anchors: ₹63,15,28,425
  • Book Running Lead Manager: Pantomath Capital Advisors Private Limited
  • Decision date: September 9, 2025

Anchor Investor Details

  • Universal Sompo General Insurance Company Limited: 8,19,680 shares (7.92%)
  • Abans Finance Private Limited: 8,19,680 shares (7.92%)
  • Finavenue Capital Trust - Finavenue Growth Fund: 16,39,360 shares (15.83%)
  • Sunrise Investment Opportunities Fund: 11,72,415 shares (11.32%)
  • VPK Global Ventures Fund - Scheme 1: 9,83,710 shares (9.50%)
  • 6 other institutional investors with 8,19,680 shares each (7.92% each)

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Information disclosed on BSE and NSE websites as required
  • Anchor investor allocation completed in compliance with IPO regulations

Important Dates

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

Impact Assessment

The anchor investor allocation demonstrates institutional confidence in Dev Accelerator Limited’s IPO. The successful allocation of the anchor portion at the designated price provides a foundation for the public issue. The participation of established institutional investors including insurance companies and investment funds indicates positive market reception for the company’s public offering.

Impact Justification

IPO anchor allocation is significant for the company going public but has limited broader market impact