Comparison between Devson Catalyst IPO and Susan Electricals India IPO.
Devson Catalyst IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Susan Electricals India IPO is a SME Bookbuilding proposed to list at BSE SME.
| Devson Catalyst IPO | Susan Electricals India IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | JJ IPO Advisors Pvt.Ltd. | Seren Capital Pvt.Ltd. |
| Registrar | MUFG Intime India Pvt.Ltd. | Mudra RTA Ventures Private Limited |
| Market Maker | MNM Stock Broking Pvt.Ltd. | Mansi Share & Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Devson Catalyst IPO is up to ₹40.21 Cr whereas the issue size of the Susan Electricals India IPO is up to ₹64.57 Cr. The final issue price of Devson Catalyst IPO is ₹118.00 per share and of Susan Electricals India IPO is ₹127.00 per share.
| Devson Catalyst IPO | Susan Electricals India IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹112.00 per share | ₹120.00 per share |
| Issue Price (Upper) | ₹118.00 per share | ₹127.00 per share |
| Issue Price (Final) | ₹118.00 per share | ₹127.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1000 shares |
| Fresh Issue Size | 31,58,000 shares | 42,84,000 shares |
| Fresh Issue Size (Amount) | up to ₹37.26 Cr | up to ₹54.41 Cr |
| OFS Issue Size | 2,50,000 shares | 8,00,000 shares |
| OFS Issue Size (Amount) | up to ₹2.95 Cr | up to ₹10.16 Cr |
| Issue Size Total | 34,08,000 shares | 50,84,000 shares |
| Issue Size Total (Amount) | up to ₹40.21 Cr | up to ₹64.57 Cr |
Devson Catalyst IPO opens on Jul 09, 2026, while Susan Electricals India IPO opens on Jun 11, 2026. The closing date of Devson Catalyst IPO and Susan Electricals India IPO is Jul 13, 2026, and Jun 15, 2026, respectively.
| Devson Catalyst IPO | Susan Electricals India IPO | |
|---|---|---|
| Anchor Bid Date | Jul 08, 2026 | Jun 10, 2026 |
| Issue Open | Jul 09, 2026 | Jun 11, 2026 |
| Issue Close | Jul 13, 2026 | Jun 15, 2026 |
| Basis Of Allotment (Tentative) | Jul 14, 2026 | Jun 16, 2026 |
| Initiation of Refunds (Tentative) | Jul 15, 2026 | Jun 17, 2026 |
| Credit of Share (Tentative) | Jul 15, 2026 | Jun 17, 2026 |
| Listing date (Tentative) | Jul 16, 2026 | Jun 18, 2026 |
| Anchor Lockin End date 1 | Aug 13, 2026 | Jul 16, 2026 |
| Anchor Lockin End date 2 | Oct 12, 2026 | Sep 14, 2026 |
Devson Catalyst IPO P/E ratio is 9.66, as compared to Susan Electricals India IPO P/E ratio of 10.85.
| Devson Catalyst IPO | Susan Electricals India IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated)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.
| Company Financials (Restated)Susan Electricals India Ltd.'s revenue increased by 98% and profit after tax (PAT) rose by 223% between the financial year ending with March 31, 2026 and March 31, 2025.
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| Promoter Shareholding (Pre-Issue) | 100% | 92.47% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 74.97% | 66.97% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 9.66 | 10.85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹160.34 Cr. | ₹258.20 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 45.97 | 64.64 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 47.60 | 29.05 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.07 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹12.22 | ₹11.70 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 37.38 | 47.42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Devson Catalyst IPO Retail Individual Investors (RII) are offered 11,76,000 shares while in Susan Electricals India IPO retail investors are offered 11,76,000 shares. Qualified Institutional Buyers (QIB) are offered 6,62,400 shares in Devson Catalyst IPO and 10,16,000 shares in Susan Electricals India IPO.
| Devson Catalyst IPO | Susan Electricals India IPO | |
|---|---|---|
| Anchor Investor Reservation | 10,00,800 shares | 15,23,000 shares |
| Market Maker Reservation | 1,80,000 shares | 4,58,000 shares |
| QIB | 6,62,400 shares | 10,16,000 shares |
| NII | 5,04,000 shares | 7,65,000 shares |
| RII | 11,76,000 shares | 17,80,000 shares |
| Employee | 64,800 shares | 0 shares |
| Others | ||
| Total | 34,08,000 shares | 50,84,000 shares |
Devson Catalyst IPO subscribed 155.64x in total, whereas Susan Electricals India IPO subscribed 151.74x.
| Devson Catalyst IPO | Susan Electricals India IPO | |
|---|---|---|
| QIB (times) | 168.56x | 142.65x |
| NII (times) | 261.22x | 336.00x |
| Big NII (times) | 286.50x | 389.07x |
| Small NII (times) | 211.19x | 229.86x |
| RII (times) | 244.08x | 207.56x |
| Employee (times) | 1.06x | |
| Other (times) | ||
| Total (times) | 155.64x | 151.74x |
