Devson Catalyst IPO
Devson Catalyst IPO
Overview
Devson Catalyst IPO is a book build issue of ₹42.34 crores. The issue is a combination of fresh issue of 0.33 crore shares aggregating to ₹39.39 crores and offer for sale of 0.03 crore shares aggregating to ₹2.95 crores. Devson Catalyst IPO opens for subscription on Jul 9, 2026 and closes on Jul 13, 2026. The allotment for the Devson Catalyst IPO is expected to be finalized on Jul 14, 2026. Devson Catalyst IPO will list on the BSE SME with a tentative listing date fixed as Jul 16, 2026. Devson Catalyst IPO is set issue price band at ₹112 to ₹118 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is ₹1,41,600 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹4,24,800. JJ IPO Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is MNM Stock Broking Pvt.Ltd.
Total Shares
35,88,000
Issue Size
₹42 Cr
Price Band
₹112 – ₹118
Lot Size
1200 shares
Min. Investment
₹1,41,600
Max. Investment
₹1,41,600
Open Date
09 Jul, 2026
Close Date
13 Jul, 2026
Allotment
14 Jul, 2026
Listing
16 Jul, 2026
Max. Investment
₹1,41,600
Announced
09 Jul, 2026
Opening Date
09 Jul, 2026
Closing Date
13 Jul, 2026
Basis of Allotment
14 Jul, 2026
Initiation of Refunds
15 Jul, 2026
Credit of Shares
15 Jul, 2026
Listing Date
16 Jul, 2026
Live GMP
Est. Listing: ₹126
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About Devson Catalyst IPO
Devson Catalyst Limited is an indigenous manufacturer of catalysts, adsorbents and ceramic balls used as key materials in various industrial processes The company operates a manufacturing facility in Gujarat with an annual production capacity of around 6,205 metric tons.
Its products are supplied to industries such as oil and gas refineries, petrochemicals, steel, fertilizers, and other industrial processing sectors. These materials help improve process efficiency, increase operational
Devson Catalyst IPO Share Price
Issue Breakdown
Shareholding
Dilution: 32.6% increase in shares
Devson Catalyst IPO Financial Health
Devson Catalyst Ltd.'s revenue increased by 6% and profit after tax (PAT) rose by 63% between the financial year ending with March 31, 2026 and March 31, 2025.
Devson Catalyst IPO Lot Size
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2400 | ₹2,83,200 |
| Individual investors (IND) (Max) | 2 | 2400 | ₹2,83,200 |
| S-HNI (Min) | 3 | 3600 | ₹4,24,800 |
| S-HNI (Max) | 7 | 8400 | ₹9,91,200 |
| B-HNI (Min) | 8 | 9600 | ₹11,32,800 |
| Employee (Min) | 2 | 2400 | ₹2,83,200 |
| Employee (Max) | 3 | 3600 | ₹4,24,800 |
(All values in CR)
Devson Catalyst IPO Valuations
| Metric | Value |
|---|---|
| ROE | 45.97 |
| ROCE | 47.60 |
| Debt/Equity | 0.07 |
| RoNW | 37.38 |
| EBITDA Margin | 29.49 |
| Price to Book Value | 5.76 |
(All values in CR)
Devson Catalyst IPO Strength & Risk
Devson Catalyst IPO Strengths
- One of the few indigenous manufacturers of catalysts, adsorbents and ceramic balls in India.
- Serves diversified industries including oil & gas, petrochemicals, fertilizers, steel and chemicals.
- Strong presence in domestic and international markets with exports to multiple countries.
- Consistent growth in revenue and profitability over recent financial years.
- Healthy operating margins and improving return ratios.
- Manufacturing facility strategically located in Gujarat, close to major industrial customers and ports.
- Experienced management team with long industry expertise.
- Fresh issue proceeds will support capacity expansion and working capital requirements.
Devson Catalyst IPO Risks
- High dependence on a limited number of customers for a significant share of revenue.
- Supplier concentration may expose the business to procurement risks.
- Subject to rapid technological changes requiring continuous product innovation.
- Raw material price volatility could impact profit margins.
- Business depends on winning orders through competitive bidding.
- Exposure to regulatory and environmental compliance requirements.
- Export business is vulnerable to global economic conditions and currency fluctuations.
- Business performance is linked to capital expenditure cycles in industrial sectors.
Devson Catalyst IPO GMP
Devson Catalyst SME IPO last GMP is ₹8, last updated Jul 3rd 2026 06:33 AM. With the price band of 118.00, Devson Catalyst SME IPO's estimated listing price is ₹126 (cap price + today's GMP).The expected percentage gain/loss per share is 6.78%. >> Devson Catalyst SME IPO Retail Subject to Sauda: ₹7300
Last updated 03 Jul, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 03 Jul, 2026 | 118 | ₹8 | - | ₹126 (6.78%) | 9600 | 03 Jul, 2026 |
| 02 Jul, 2026 | 118 | ₹8 | - | ₹126 (6.78%) | 9600 | 02 Jul, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Devson Catalyst IPO
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