DevX Share Price in Focus; Plans Major Ahmedabad Expansion with ₹35 Crore Fundraise

Dev Accelerator Limited, operating under the DevX brand, has outlined plans to strengthen its presence in the flexible workspace segment with a fresh capital raise.  

The move signals the company’s continued focus on scaling operations in key urban markets. 

Fundraise and Expansion Strategy 

The company’s board has approved raising up to ₹35 crore through a mix of convertible warrants and equity shares. Promoters are expected to contribute a significant portion of the capital, reflecting internal confidence in the company’s growth trajectory. 

The funds will primarily be deployed to secure a large managed workspace facility in Ahmedabad. DevX has already entered into an arrangement for a substantial office space of around 4.5 lakh square feet, which will be developed as a new centre under its portfolio.  

Located on Bopal-Ambli Road, the project is positioned to cater to growing demand from enterprises and corporates seeking high-quality flexible office solutions. 

The centre will operate under a lease-driven model, allowing the company to expand its footprint while maintaining operational control over design, services and delivery standards. 

Business Position and Growth Outlook 

DevX operates as an enterprise focused managed workspace platform, offering end-to-end office solutions ranging from design and build to facility management.  

Its offerings are tailored for enterprises, startups and multinational clients seeking scalable and customisable office environments. 

With an established presence across multiple Indian cities, the company currently manages a sizeable portfolio of centres and seating capacity.  

The expansion in Ahmedabad aligns with its strategy to deepen presence in high-growth urban markets, particularly those witnessing rising demand for flexible office infrastructure. 

Management has highlighted Ahmedabad as a priority market, citing increasing corporate demand and favourable growth opportunities. The new centre is expected to enhance DevX’s positioning as it continues to build a nationwide network of managed workspaces. 

Read More: Suzlon Energy Share Price in Focus; Secures 6th Repeat Order of 100 MW from GAIL! 

Dev Accelerator Share Price Performance  

As of 25 March 2026, at 9:30 AM, Dev Accelerator Limited share price is trading at ₹36.75 per share, reflecting a surge of 1.73% from the previous closing price. Over the past month, the stock has declined by 14.73%. 

Conclusion 

The planned fundraise and Ahmedabad expansion underline DevX’s focus on scaling its flexible workspace business, supported by promoter participation and a growing demand for managed office solutions. 

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