Announced Wed, 12 Aug · 18:56 IST
Dev Accelerator: Monitoring Agency report on Rs 35 cr preferential issue proceeds
DEVX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-6.4%1-day move
₹35.00
prior close
₹35.80
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-3.9-4.8-3.9-4.0-6.4-5.3-5.1-4.1-1.9-0.1-8.1-3.6——
Up moveDown movePending
AI summary
Dev Accelerator raised Rs 35 crore via preferential issue of equity shares and convertible warrants in June 2026 at Rs 45 each. Shares allotted totalled Rs 20 crore; warrants added Rs 3.75 crore upfront (25 percent). Entire Rs 23.75 crore received was utilized as interest-free refundable security deposit for a proposed 4.5 lakh sq ft office lease in Winston building, Ahmedabad. No deviation from stated objects. Balance 75 percent on warrants pending exercise within 18 months.
Likely market impact
Full deployment as intended signals compliant fund usage. Pending warrant conversion may dilute equity and raise further capital for expansion.