Comparison between Dev Accelerator IPO and Vikran Engineering IPO.
Dev Accelerator IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Vikran Engineering 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 Vikran Engineering IPO is up to ₹772.00 Cr. The final issue price of Dev Accelerator IPO is ₹61.00 per share and of Vikran Engineering IPO is ₹97.00 per share.
| Dev Accelerator IPO | Vikran Engineering IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹1 per share |
| Issue Price (Lower) | ₹56.00 per share | ₹92.00 per share |
| Issue Price (Upper) | ₹61.00 per share | ₹97.00 per share |
| Issue Price (Final) | ₹61.00 per share | ₹97.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 235 shares | 148 shares |
| Fresh Issue Size | 2,35,00,000 shares | 7,43,29,896 shares |
| Fresh Issue Size (Amount) | up to ₹143.35 Cr | up to ₹721.00 Cr |
| OFS Issue Size | 0 shares | 52,57,731 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹51.00 Cr |
| Issue Size Total | 2,35,00,000 shares | 7,95,87,627 shares |
| Issue Size Total (Amount) | up to ₹143.35 Cr | up to ₹772.00 Cr |
Dev Accelerator IPO opens on Sep 10, 2025, while Vikran Engineering IPO opens on Aug 26, 2025. The closing date of Dev Accelerator IPO and Vikran Engineering IPO is Sep 12, 2025, and Aug 29, 2025, respectively.
| Dev Accelerator IPO | Vikran Engineering IPO | |
|---|---|---|
| Anchor Bid Date | Sep 09, 2025 | Aug 25, 2025 |
| Issue Open | Sep 10, 2025 | Aug 26, 2025 |
| Issue Close | Sep 12, 2025 | Aug 29, 2025 |
| Basis Of Allotment (Tentative) | Sep 15, 2025 | Sep 01, 2025 |
| Initiation of Refunds (Tentative) | Sep 16, 2025 | Sep 02, 2025 |
| Credit of Share (Tentative) | Sep 16, 2025 | Sep 02, 2025 |
| Listing date (Tentative) | Sep 17, 2025 | Sep 03, 2025 |
| Anchor Lockin End date 1 | Oct 15, 2025 | Sep 30, 2025 |
| Anchor Lockin End date 2 | Dec 13, 2025 | Nov 29, 2025 |
Dev Accelerator IPO P/E ratio is 233.25, as compared to Vikran Engineering IPO P/E ratio of 22.88.
| Dev Accelerator IPO | Vikran Engineering 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)Vikran Engineering Ltd.'s revenue increased by 17% and profit after tax (PAT) rose by 4% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 49.8 | 81.78 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 36.8 | 56.17 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 233.25 | 22.88 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹550.14 Cr. | ₹2501.74 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 16.63% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 25.95% | 23.34% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.39 | 0.58 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹0.26 | ₹4.24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 3.24% | 16.63% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Dev Accelerator IPO Retail Individual Investors (RII) are offered 23,00,650 shares while in Vikran Engineering IPO retail investors are offered 23,00,650 shares. Qualified Institutional Buyers (QIB) are offered 69,01,950 shares in Dev Accelerator IPO and 1,59,17,525 shares in Vikran Engineering IPO.
| Dev Accelerator IPO | Vikran Engineering IPO | |
|---|---|---|
| Anchor Investor Reservation | 1,03,52,925 shares | 2,38,76,287 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 69,01,950 shares | 1,59,17,525 shares |
| NII | 34,50,975 shares | 1,19,38,145 shares |
| RII | 23,00,650 shares | 2,78,55,670 shares |
| Employee | 1,64,500 shares | 0 shares |
| Others | ||
| Total | 2,35,00,000 shares | 7,95,87,627 shares |
Dev Accelerator IPO subscribed 64.00x in total, whereas Vikran Engineering IPO subscribed 24.87x.
| Dev Accelerator IPO | Vikran Engineering IPO | |
|---|---|---|
| QIB (times) | 20.30x | 20.51x |
| NII (times) | 87.97x | 61.77x |
| Big NII (times) | 78.94x | 70.34x |
| Small NII (times) | 106.01x | 44.62x |
| RII (times) | 164.89x | 11.56x |
| Employee (times) | 17.60x | |
| Other (times) | ||
| Total (times) | 64.00x | 24.87x |
