Comparison between Dev Accelerator IPO and HDB Financial IPO.
Dev Accelerator IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while HDB Financial IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Dev Accelerator IPO is up to ₹143.35 Cr whereas the issue size of the HDB Financial IPO is up to ₹12,500.00 Cr. The final issue price of Dev Accelerator IPO is ₹61.00 per share and of HDB Financial IPO is ₹740.00 per share.
| Dev Accelerator IPO | HDB Financial IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹10 per share |
| Issue Price (Lower) | ₹56.00 per share | ₹700.00 per share |
| Issue Price (Upper) | ₹61.00 per share | ₹740.00 per share |
| Issue Price (Final) | ₹61.00 per share | ₹740.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 235 shares | 20 shares |
| Fresh Issue Size | 2,35,00,000 shares | 3,37,83,782 shares |
| Fresh Issue Size (Amount) | up to ₹143.35 Cr | up to ₹2,500.00 Cr |
| OFS Issue Size | 0 shares | 13,51,35,135 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹10,000.00 Cr |
| Issue Size Total | 2,35,00,000 shares | 16,89,18,917 shares |
| Issue Size Total (Amount) | up to ₹143.35 Cr | up to ₹12,500.00 Cr |
Dev Accelerator IPO opens on Sep 10, 2025, while HDB Financial IPO opens on Jun 25, 2025. The closing date of Dev Accelerator IPO and HDB Financial IPO is Sep 12, 2025, and Jun 27, 2025, respectively.
| Dev Accelerator IPO | HDB Financial IPO | |
|---|---|---|
| Anchor Bid Date | Sep 09, 2025 | Jun 24, 2025 |
| Issue Open | Sep 10, 2025 | Jun 25, 2025 |
| Issue Close | Sep 12, 2025 | Jun 27, 2025 |
| Basis Of Allotment (Tentative) | Sep 15, 2025 | Jun 30, 2025 |
| Initiation of Refunds (Tentative) | Sep 16, 2025 | Jul 01, 2025 |
| Credit of Share (Tentative) | Sep 16, 2025 | Jul 01, 2025 |
| Listing date (Tentative) | Sep 17, 2025 | Jul 02, 2025 |
| Anchor Lockin End date 1 | Oct 15, 2025 | Jul 29, 2025 |
| Anchor Lockin End date 2 | Dec 13, 2025 | Sep 27, 2025 |
Dev Accelerator IPO P/E ratio is 233.25, as compared to HDB Financial IPO P/E ratio of 27.
| Dev Accelerator IPO | HDB Financial IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | 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.
| Company Financials (Restated Consolidated)HDB Financial Services Ltd.'s revenue increased by 15% and profit after tax (PAT) dropped by 12% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 49.8 | 94.32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 36.8 | 74.19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 233.25 | 27 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹550.14 Cr. | ₹61253.30 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 14.72% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 25.95% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.39 | 5.85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹0.26 | ₹27.41 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 3.24% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Dev Accelerator IPO Retail Individual Investors (RII) are offered 23,00,650 shares while in HDB Financial IPO retail investors are offered 23,00,650 shares. Qualified Institutional Buyers (QIB) are offered 69,01,950 shares in Dev Accelerator IPO and 3,03,51,351 shares in HDB Financial IPO.
| Dev Accelerator IPO | HDB Financial IPO | |
|---|---|---|
| Anchor Investor Reservation | 1,03,52,925 shares | 4,55,27,026 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 69,01,950 shares | 3,03,51,351 shares |
| NII | 34,50,975 shares | 2,27,63,514 shares |
| RII | 23,00,650 shares | 5,31,14,865 shares |
| Employee | 1,64,500 shares | 2,70,270 shares |
| Others | ||
| Total | 2,35,00,000 shares | 16,89,18,917 shares |
Dev Accelerator IPO subscribed 64.00x in total, whereas HDB Financial IPO subscribed 17.65x.
| Dev Accelerator IPO | HDB Financial IPO | |
|---|---|---|
| QIB (times) | 20.30x | 58.64x |
| NII (times) | 87.97x | 10.55x |
| Big NII (times) | 78.94x | 12.44x |
| Small NII (times) | 106.01x | 6.79x |
| RII (times) | 164.89x | 1.51x |
| Employee (times) | 17.60x | 6.03x |
| Other (times) | 4.50x | |
| Total (times) | 64.00x | 17.65x |
