17 Sep 2025 | 3 Mins Read
Dev Accelerator shares make muted market entry
Flipitmoney
Dev Accelerator, a flex space operator, listed at par at ₹61 per share on September 17. The company had garnered ₹63.15 crore from institutional investors and plans to spend ₹73.1 crore on fit-outs. Dev Accelerator operates 28 centers across 11 cities, managing 14,144 seats, with revenue surging 47% to ₹1,59 crore in FY25, but thin margins at 1.1%.