Comparison between Crizac IPO and Dev Accelerator IPO.
Crizac IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Dev Accelerator IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Crizac IPO is up to ₹860.00 Cr whereas the issue size of the Dev Accelerator IPO is up to ₹143.35 Cr. The final issue price of Crizac IPO is ₹245.00 per share and of Dev Accelerator IPO is ₹61.00 per share.
| Crizac IPO | Dev Accelerator IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹2 per share |
| Issue Price (Lower) | ₹233.00 per share | ₹56.00 per share |
| Issue Price (Upper) | ₹245.00 per share | ₹61.00 per share |
| Issue Price (Final) | ₹245.00 per share | ₹61.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 61 shares | 235 shares |
| Fresh Issue Size | 0 shares | 2,35,00,000 shares |
| Fresh Issue Size (Amount) | up to ₹0.00 Cr | up to ₹143.35 Cr |
| OFS Issue Size | 3,51,02,040 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹860.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 3,51,02,040 shares | 2,35,00,000 shares |
| Issue Size Total (Amount) | up to ₹860.00 Cr | up to ₹143.35 Cr |
Crizac IPO opens on Jul 02, 2025, while Dev Accelerator IPO opens on Sep 10, 2025. The closing date of Crizac IPO and Dev Accelerator IPO is Jul 04, 2025, and Sep 12, 2025, respectively.
| Crizac IPO | Dev Accelerator IPO | |
|---|---|---|
| Anchor Bid Date | Jul 01, 2025 | Sep 09, 2025 |
| Issue Open | Jul 02, 2025 | Sep 10, 2025 |
| Issue Close | Jul 04, 2025 | Sep 12, 2025 |
| Basis Of Allotment (Tentative) | Jul 07, 2025 | Sep 15, 2025 |
| Initiation of Refunds (Tentative) | Jul 08, 2025 | Sep 16, 2025 |
| Credit of Share (Tentative) | Jul 08, 2025 | Sep 16, 2025 |
| Listing date (Tentative) | Jul 09, 2025 | Sep 17, 2025 |
| Anchor Lockin End date 1 | Aug 05, 2025 | Oct 15, 2025 |
| Anchor Lockin End date 2 | Oct 04, 2025 | Dec 13, 2025 |
Crizac IPO P/E ratio is 28.03, as compared to Dev Accelerator IPO P/E ratio of 233.25.
| Crizac IPO | Dev Accelerator IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Proforma Consolidated)Crizac Ltd.'s revenue increased by 16% and profit after tax (PAT) rose by 29% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated Consolidated)Dev Accelerator Ltd.'s revenue increased by 62% and profit after tax (PAT) rose by 303% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 100 | 49.8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 79.94 | 36.8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 28.03 | 233.25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹4287.07 Cr. | ₹550.14 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 30.24% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 40.03% | 25.95% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.39 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.74 | ₹0.26 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 30.24% | 3.24% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Crizac IPO Retail Individual Investors (RII) are offered 1,22,85,714 shares while in Dev Accelerator IPO retail investors are offered 1,22,85,714 shares. Qualified Institutional Buyers (QIB) are offered 70,20,407 shares in Crizac IPO and 69,01,950 shares in Dev Accelerator IPO.
| Crizac IPO | Dev Accelerator IPO | |
|---|---|---|
| Anchor Investor Reservation | 1,05,30,612 shares | 1,03,52,925 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 70,20,407 shares | 69,01,950 shares |
| NII | 52,65,306 shares | 34,50,975 shares |
| RII | 1,22,85,714 shares | 23,00,650 shares |
| Employee | 1,64,500 shares | |
| Others | ||
| Total | 3,51,02,040 shares | 2,35,00,000 shares |
Crizac IPO subscribed 62.89x in total, whereas Dev Accelerator IPO subscribed 64.00x.
| Crizac IPO | Dev Accelerator IPO | |
|---|---|---|
| QIB (times) | 141.27x | 20.30x |
| NII (times) | 80.07x | 87.97x |
| Big NII (times) | 92.95x | 78.94x |
| Small NII (times) | 54.32x | 106.01x |
| RII (times) | 10.74x | 164.89x |
| Employee (times) | 17.60x | |
| Other (times) | ||
| Total (times) | 62.89x | 64.00x |
