Devson Catalyst IPO
GMP, Subscription, Price, Dates & Financial Details
Chemicals
Devson Catalyst Limited is an indigenous manufacturer of catalysts, adsorbents, and ceramic balls, which serve as critical materials in a wide range of industrial processes. The company operates in the business-to-business (B2B) segment, supplying its products to institutional and industrial…
Open Date
Thu, 09 Jul 2026
Close Date
Mon, 13 Jul 2026
Price Band
₹ 112 – 118
Lot Size
1200
Issue Size
₹ 42.00 Cr
Minimum Investment
₹ 283,200 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Devson Catalyst IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹42 Crore, comprising a fresh issue of 31.58 Lakh equity shares aggregating to ₹37.00 Crore and an offer for sale (OFS) of 2.50 Lakh equity shares aggregating to ₹3.00 Crore by the existing shareholders.
The Devson Catalyst IPO remained open for subscription from July 09, 2026, to July 13, 2026. The basis of allotment was finalized on July 14, 2026, and the company's shares were listed on BSE SME Platform on July 16, 2026.
The company had fixed the price band at ₹112 to ₹118 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹283,200 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. JJ IPO Advisors Pvt.Ltd. acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Devson Catalyst Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Devson Catalyst IPO Timeline (Tentative)
- IPO Open Date
- Thu, 09 Jul 26
- IPO Close Date
- Mon, 13 Jul 26
- Basis of Allotment
- Tue, 14 Jul 26
- Initiation of Refunds
- Wed, 15 Jul 26
- Credit of Shares to Demat
- Wed, 15 Jul 26
- Listing Date
- Thu, 16 Jul 26 — NSE & BSE
Open Date
09 July 2026
Close Date
13 July 2026
Basis Of Allotment
14 July 2026
Listing Date
16 July 2026
IPO Subscription
Check Live Subscription →The Devson Catalyst IPO has received bids for 53,04,66,000 shares against 23,42,400 shares offered, resulting in an overall subscription of 226.46x. the NII category is subscribed 261.58x, Retail Investors 244.03x, and QIBs 168.56x. Within the NII category, BNII is subscribed 287.04x, while SNII is subscribed 211.19x.
QIB
168.56x
NII
261.58x
BNII
287.04x
SNII
211.19x
RII
244.03x
Total
226.46x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 11,76,000 shares, representing 50.2% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 6,62,400 shares (28.28%), while Non-Institutional Investors (NIIs) receive 5,04,000 shares (21.52%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Qualified Institutions | 662,400 | 28.28% |
| Non-Institutional | 504,000 | 21.52% |
| BNII | 334,800 | 14.29% |
| SNII | 169,200 | 7.22% |
| Retail Investors | 1,176,000 | 50.2% |
| Total | 2,342,400 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 41.63 | 27.38 | 21.49 |
| Revenue | 56.84 | 53.54 | 43.75 |
| Profit After Tax | 12.52 | 7.67 | 4.08 |
| Net Worth | 33.5 | 20.98 | 13.36 |
| Reserve & Surplus | 23.25 | 20.73 | 13.06 |
| Total Borrowings | 0 | 2.78 | 4.17 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Devson Catalyst Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 45.97 | 44.76 | 36.2 |
| ROCE % | 47.6 | 44.71 | 36.67 |
| Debt / Equity | 0.07 | 0.13 | 0.33 |
| RoNW % | 37.38 | 36.57 | 30.65 |
Peers Comparison
No Peer Comparision Available
About Devson Catalyst Limited
Devson Catalyst Limited is an indigenous manufacturer of catalysts, adsorbents, and ceramic balls, which serve as critical materials in a wide range of industrial processes. The company operates in the business-to-business (B2B) segment, supplying its products to institutional and industrial customers across domestic and international markets.
The company's products cater to diverse industries, including oil and gas refineries, petrochemicals, steel, fertilizers, and other process industries. These products play a vital role in enhancing process efficiency, improving operational reliability, extending equipment life, and supporting sustainable industrial operations.
Manufacturing Facility
Devson Catalyst Limited operates a manufacturing facility located at:
Plot Nos. 213 to 218 and 233 to 237, Phase II, Ambawadi, GIDC, Wadhwan City, Surendranagar, Gujarat – 363030, India.
The facility is equipped with the required manufacturing machinery, process equipment, and supporting infrastructure necessary for the production of catalysts, adsorbents, and ceramic balls. The company follows established standard operating procedures (SOPs) and internal quality control systems to ensure consistent product quality and operational efficiency.
As of the latest available information, the manufacturing facility has an installed production capacity of approximately 6,205 metric tons (MT) per annum.
Business Model
Devson Catalyst Limited operates exclusively under a B2B business model, supplying products primarily to industrial and institutional customers. The company does not sell directly to retail or individual consumers.
Its customer-focused approach enables it to manufacture products based on clients' technical specifications and operational requirements. Production planning, inventory management, and supply chain activities are aligned with customer order schedules, product specifications, and delivery timelines, allowing the company to efficiently meet industrial demand.
Product Portfolio
Catalysts
Catalysts are chemical substances that accelerate chemical reactions without being consumed or permanently altered during the process. They are widely used in refining, petrochemical, fertilizer, and other industrial applications to improve reaction efficiency and reduce operating costs.
Adsorbents
Adsorbents are specialized materials designed to remove impurities, contaminants, moisture, or unwanted compounds from gases, liquids, or air by attracting and holding them on their surface. They are commonly used in purification, drying, and separation processes across various industries.
Ceramic Balls
Ceramic balls are high-strength, chemically inert spherical materials used as support media in industrial reactors, catalyst beds, and process towers. They provide mechanical support, facilitate uniform flow distribution, withstand high temperatures and corrosive environments, and help improve the overall performance and longevity of industrial processing systems.
Workforce
As of May 31, 2026, Devson Catalyst Limited employed 56 permanent employees across its manufacturing, quality assurance, administration, sales, and support functions.
Devson Catalyst IPO Promoters
- Pratapbhai Devjibhai Siyania
- Prahladbhai Devjibhai Shiyaniya
- Patel Savan Prahladbhai
- Patel Krishna Savanbha
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
0.00%
Devson Catalyst IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding the Capital Expenditure requirements towards setting up of a new manufacturing unit
- Funding the working capital requirements of our Company
- General corporate purposes
Devson Catalyst Limited Address / Contact Details
Devson Catalyst Ltd. Address
Plot No 213 To 218 and 233 To 237,
Phase II, Ambawadi, GIDC
Wadhwancity,
Surendranagar, Gujarat, 363030
Telephone No.: +91 7201010244
Email ID: info@devsongroup.com
Website:http://www.devsongroup.com/
IPO Snapshot
Devson Catalyst IPO Lot Size
The Devson Catalyst IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹2,83,200 by applying for 2 lot (2,400 shares). The maximum application allowed for the retail category is 2 lots (2,400 shares), requiring an investment of ₹2,83,200.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 283,200.00 |
| Retail (Max) | 2 | 2,400 | 283,200.00 |
| S-HNI (Min) | 3 | 3,600 | 424,800.00 |
| S-HNI (Max) | 7 | 8,400 | 991,200.00 |
| B-HNI (Min) | 8 | 9,600 | 1,132,800.00 |
Issue Reservation
- QIB — 28.28%
- NII — 21.52%
- RII — 50.2%
Book Running Lead Managers
- JJ IPO Advisors Pvt.Ltd.
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Devson Catalyst IPO?
Devson Catalyst IPO is a Book-building IPO with a total issue size of ₹42 crore. The Devson Catalyst IPO price band is ₹112 to 118 per share. The Devson Catalyst IPO subscription opens on Thu, Jul 9, 2026, and closes on Mon, Jul 13, 2026. The Devson Catalyst IPO will be listed on the BSE. MUFG Intime India Private Limited is the registrar for the Devson Catalyst IPO.
When will the Devson Catalyst IPO open for subscription?
The Devson Catalyst IPO opens on Thu, Jul 9, 2026 and closes on Mon, Jul 13, 2026
What is Devson Catalyst IPO Price Band?
Devson Catalyst IPO Price Band is ₹112 to 118 per share.
What is Devson Catalyst IPO Lot Size?
Devson Catalyst IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹283200 based on the upper price band
What is the minimum investment for Devson Catalyst IPO?
The minimum investment for Devson Catalyst IPO is ₹283200, based on one lot of 1200 shares at the upper price band of ₹118 per share.
How to apply for Devson Catalyst IPO?
Investors can apply for the Devson Catalyst IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Jul 13, 2026. The application amount remains blocked until the Devson Catalyst IPO allotment is finalized.
What is Devson Catalyst IPO Issue Size?
Devson Catalyst IPO issue size is ₹42 crores.
What is the Devson Catalyst IPO Allotment Date?
Devson Catalyst IPO allotment date is Tue, Jul 14, 2026.
Who is the Devson Catalyst IPO Registrar?
The registrar for Devson Catalyst IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Devson Catalyst IPO allotment status, refund processing, and other IPO-related information.
What is the Devson Catalyst IPO GMP?
The Devson Catalyst IPO GMP (Grey Market Premium) is ₹8 as of Fri, Jul 3, 2026. Based on the upper price band of ₹118 per share, the estimated Devson Catalyst IPO listing price is ₹126, indicating a potential listing gain of approximately 6.78% over the issue price.
Who is the Devson Catalyst IPO Lead Manager?
The book-running lead managers (BRLMs) for the Devson Catalyst IPO are . The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Devson Catalyst IPO Red Herring Prospectus (RHP).