[OFS NIL + Fresh Issue ₹143 Cr]

Dev accelerator ipo price is ₹56 – ₹61 per share

Dev Accelerator: History

The Company was originally incorporated as a limited liability partnership (LLP) under the name Dev Accelerator LLP on September 14, 2017, pursuant to the Limited Liability Partnership Act, 2008.

The Company was converted into a public limited company under a special resolution passed by the shareholders at the extraordinary general meeting held on July 12, 2024, and its name was changed to Dev Accelerator Limited under a fresh certificate of incorporation issued by the RoC on September 03, 2024.

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Dev Accelerator: Business & Service

Dev Accelerator Ltd. is one of the largest flex space operators in India (in terms of operational flex stock in Tier 2 markets), specializing in complete Built to Suit Managed Office Solutions for enterprises.

The Company’s service offerings can be classified into three categories –

1. Managed Office Solutions
2. Co-Working Space Solutions
3. Design And Build Solutions

The Company provides integrated services from sourcing office spaces, customizing designs, developing spaces, and providing technology solutions to complete asset management.

The Company’s clientele comprises SMEs, MNCs, and large corporates to whom it offers a variety of flexible office space solutions such as managed office spaces and co-working spaces, as well as design and execution services.

Market Presence

As per the JLL Report, the Company has established a market presence across 15 sub-markets in India, including Tier 1 markets of Pune, Mumbai, Hyderabad, and Delhi NCR, and Tier 2 markets of Ahmedabad, Jaipur, Udaipur, Indore, and Vadodara.

Area Under Management

As of August 31, 2024, the company has provided its service to more than 230 clients and has 25 Centers across 11 cities in India, with 12,691 seats covering a total area under management of 806,635 square feet.

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Strategies Ahead

• Expansion into new and existing markets
• Enhance client offerings
• Enhancing asset procurement strategy
• Leveraging the potential of Global Capability Centres

Company Promoters

1. Parth Naimeshbhai Shah,
2. Umesh Satishkumar Uttamchandani,
3. Rushit Shardulkumar Shah,
4. Jaimin Jagdishbhai Shah,
5. Pranav Niranjan Pandya,
6. Amisha Jaimin Shah,
7. Kruti Pranav Pandya,
8. Dev Information Technology Limited

Refer to Dev Accelerator IPO DRHP for detailed information.

IPO Details

IPO date = 10 to 12 September 2025

Minimum Amount = ₹14,335

Minimum Bid = 235 Shares

Face Value (FV) = ₹10

Listing On = NSE, BSE

Book Running Lead Manager

Pantomath Capital Advisors

Financials

CONCLUSION

FinBlab recommends ‘MAY SUBSCRIBE‘ ratings on Dev Accelerator IPO

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Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Dev Accelerator IPO – Review appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Reliance Nippon Life Asset Management – Company Profile

• Incorporated in the year 1995, Reliance Nippon Life Asset Management Limited (formerly Reliance Capital Asset Management Limited) is Mumbai, India based Asset Management Company.
• The Company has a market share of over 11.4% in mutual funds offerings in India.

Working Area

• The company started its mutual fund operations in 1995 as the asset manager for Reliance Mutual Fund and manages 55 open-ended mutual fund schemes including 16 ETFs and 174 closed-ended schemes for Reliance Mutual Fund as of June 30, 2017.
• As part of its managed accounts business, the company provides portfolio management services (PMS) to high net worth individuals (HNI) and institutional investors including the Coal Mines Provident Fund Organisation (CMPFO) and Employees’ Provident Fund Organisation (EPFO)
• The company’s subsidiary, Reliance AIF Management Company Limited manages 2 alternative investment funds, which are privately pooled investment vehicles registered with SEBI.
• The company has also received a certificate of commencement of business as a pension fund manager from the Pension Fund Regulatory and Development Authority (PFRDA) in 2009 and manages pension assets under the National Pension System (NPS).
• Reliance Nippon Life Asset Management is currently managing AUM (Assets Under Management) of 2,31,425 crores (July 20 17 – September 2017 Quarter) and 73.1 5 lakhs folios (as on 30th September 2017 )

Company Ranking

The company ranked 3rd largest asset management company, in terms of mutual fund quarterly average Assets Under Management (QAAUM) with a market share of 11.4%, as of June 30, 2017, according to ICRA. For the financial year 2016, it was ranked the second most profitable asset management company in India, according to ICRA.

Company Network – Branches & Distributors

The company has a network of 171 branches and approximately 58,000 distributors including banks, financial institutions, national distributors and independent financial advisors, as of June 30, 2017.

Company Promoters

• Reliance Capital Limited
• Nippon Life Insurance Company

IPO Opening / Closing Dates & Listing

IPO Details – Issue Price, Minimum Bid and Other

Financial Performance

Revenues

The Company shows steady revenue growth in recent years. Top-line has been increasing regularly for the last 5 years and jumped from INR 712.67 crore in FY 2013 to INR 1400.44 crore for the period ended FY 2017.

Profits

Though the company has shown superb growth in revenue, the company has also registered impressive profits in these 5 years. Starting from INR 198.96 crore of profits in FY2013, the company’s earnings improved to INR 405.57 crore for the period ended FY 2017.

CONCLUSION –

Considering company’s valuation and financial parameters, FinBlab recommends NEUTRAL ratings on Reliance Nippon Life Asset Management IPO for the time being.

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IPO Section link – finblab.com/category/ipo

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Reliance Nippon Life Asset Management IPO – Company Profile, IPO Date, Price Band, Analysis appeared first on Upcoming ipos: Latest news on stocks, economy & finance.