Dev Accelerator plans Rs 125 cr IPO amid high demand for flexible office spaces

Dev Accelerator Ltd plans to raise around Rs 125 crore through an IPO. The company will use Rs 68.95 crore for fit-outs and security deposits in new centers. Rs 30 crore will go towards repaying certain borrowings. Funds will also support general corporate purposes, including expansion to major cities and enhancing infrastructure and technology.