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Devson Catalyst Ltd
Closed BSE SME Bookbuilding IPO

Devson Catalyst Ltd IPO

GMP Today
+₹44
+37%
Issue Price
₹118
Est. Listing: ₹162
IPO Overview
Quick facts
Issue Price
₹118
Lot Size
1,200 shares
Min. Investment
₹141,600
Issue Size
35,88,000 shares (agg. up to ₹42 Cr)
Face Value
₹10
Issue Type
Bookbuilding IPO
Listing Exchange
BSE SME
Script Code
Important Dates
IPO Open
09 Jul 2026
Done
IPO Close
13 Jul 2026
Done
Allotment
14 Jul 2026
Done
Refund Init.
15 Jul 2026
Done
Demat Credit
15 Jul 2026
Done
Listing Date
16 Jul 2026
Today
Devson Catalyst Ltd Stock Price
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Data via Yahoo Finance · For informational use only
Subscription Allocation
Category Shares Offered Lots Amount (₹)
QIB (Qualified Institutional) 662400 ₹—
NII / HNI (Non-Institutional) 504000 3 ₹4,24,800
Retail (Individual) 1176000 2 ₹2,83,200
Market Maker 1,80,000 ₹—
Fresh Issue 31,58,000 shares (agg. up to ₹37 Cr) ₹—
OFS (Offer for Sale) 2,50,000 shares of ₹10 (agg. up to ₹3 Cr) ₹—
Minimum Application Size
Investor Type Lots Shares Amount (₹)
Retail (Min 1 Lot) 2 2,400 ₹2,83,200
HNI — sHNI 3 3,600 ₹4,24,800
Subscription Status
Final
Metric QIB NII Retail Total
Subscription 168.56 261.22 244.08 220.35
Shares 662400 504000 1176000 2407200
Bids 111656400 131654400 287043600 530422800
Financial Highlights

Amount in ₹ Crore

Metric 31 Mar 2026 31 Mar 2025 31 Mar 2024
Revenue 565343
PAT 1274
EBITDA 16106
Net Worth 332013
Total Assets 412721
Reserves 232013
Borrowings -24
ROE
45
ROCE
47
RONW
37
EBITDA Mgn
29
D/E Ratio
0
P/B Value
5
Pre EPS
12
Post EPS
9
Pre P/E
9
Post P/E
12
Objects of Issue
  • Funding the Capital Expenditure requirements towards setting up of a new manufacturing unit
  • Funding the working capital requirements of the Company
  • General corporate purposes
About Devson Catalyst Ltd

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 reliability, and support more sustainable industrial operations. The company serves customers in both domestic and international markets.

The manufacturing unit is 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 necessary machinery and infrastructure for production, and the company follows standard operating procedures and internal quality checks to maintain consistent product quality. The facility's total installed manufacturing capacity is 6,205 MT per year.

Devson Catalyst Limited operates entirely in thebusiness-to-business (B2B)segment. Its products are supplied mainly to institutional and industrial customers, and the company does not sell directly to individual consumers. This B2B model helps the company plan production and manage its supply chain according to the specific requirements of industrial clients, including product specifications, order schedules, and delivery timelines.

Products:

  • Catalyst: A substance that speeds up the chemical reaction without being consumed or permanently changed itself.
  • Adsorbent: It removes unwanted substances from air, gas or liquids by making them stick to its surface.
  • Ceramic Balls: It is a small, hard sphere made from ceramic material that is placed inside industrial reactors and towers.

As of May 31, 2026, the company had 56 permanent employees.

Competitive Strengths

  • Indigenous manufacturer of catalysts, adsorbents, and ceramic balls in India.
  • Consistent profitability and financial performance in an industry with high entry barriers.
  • Strategically located manufacturing facility with the capability to produce multiple product lines.
  • Operates in an industry with significant entry barriers, supporting long-term business stability.
  • Strong customer relationships and a growing presence in global markets.
Apply for This IPO
₹118
Min. ₹141,600 · 1,200 shares/lot
Expected Listing ₹162
GMP +₹44 (+37%)
Close Date 13 Jul 2026
Check Allotment
Pre-Issue
1,02,50,000 shares
Post-Issue
1,35,88,000 shares
Company Contact
Registrar
MUFG Intime India Pvt.Ltd
  • 022-49186000
  • devsoncatalyst.smeipo@in.mpms.mufg.com
Lead Managers
  • JJ IPO Advisors Pvt.Ltd
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