Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |
Devson Catalyst Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on March 11, 2026 to raise funds through Initial Public Offer (IPO).
Devson Catalyst Ltd. IPO is a Book Build Issue of 0.36 crore equity shares consisting of a fresh issue of upto 0.33 crore equity shares and an offer for sale (OFS) of upto 0.03 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. JJ IPO Advisors Private Limited. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Devson Catalyst IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 35,88,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 33,38,000 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 2,50,000 shares of ₹10 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 1,02,50,000 shares |
| Share Holding Post Issue | 1,35,88,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Wed, Mar 11, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Devson Catalyst Limited is an ISO 9001:2015 and ISO 45001:2018-certified company that manufactures catalysts, adsorbents, and ceramic balls for 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.
The company also has a presence in international markets and exports its products to more than 15 countries as of September 30, 2025. Export revenues were ₹1,331.61 lakhs for the six months ended September 30, 2025,₹5,287.47 lakhs in Fiscal 2025, ₹4,317.30 lakhs in Fiscal 2024, and ₹3,236.99 lakhs in Fiscal 2023. These exports contributed 42.95%, 25.13%, 42.10%, and 26.39% of the company’s revenue from operations during the respective periods.
As of January 31, 2026, the company had 51 permanent employees.
Competitive Strengths
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 34.49 | 27.38 | 21.49 | 15.89 |
| Total Income | 31.84 | 53.54 | 43.75 | 32.75 |
| Profit After Tax | 6.63 | 7.67 | 4.08 | 2.34 |
| EBITDA | 8.49 | 10.62 | 6.39 | 3.44 |
| NET Worth | 27.61 | 20.98 | 13.36 | 9.28 |
| Reserves and Surplus | 27.36 | 20.73 | 13.06 | 8.98 |
| Total Borrowing | 1.20 | 2.78 | 4.17 | 1.37 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the Capital Expenditure requirements towards setting up of a new manufacturing unit | 17.40 |
| 2 | Funding the working capital requirements of the Company | 12.00 |
| 3 | General corporate purposes | |
| Total | 29.40 |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 27.30% | 44.11% |
| ROCE | 28.23% | 41.99% |
| Debt/Equity | 0.04 | 0.13 |
| RoNW | 48.06% | 36.57% |
| EBITDA Margin | 26.67% | 19.84% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% |
Lead Manager Reports
Devson Catalyst IPO is a SME IPO of 35,88,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Devson Catalyst IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Devson Catalyst IPO using UPI as a payment gateway. Zerodha customers can apply in Devson Catalyst IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Devson Catalyst IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Devson Catalyst IPO dates are not announced. Please check back again after some time.
Devson Catalyst IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Devson Catalyst IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Devson Catalyst IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Devson Catalyst IPO allotment status.
The Devson Catalyst IPO listing date is not yet announced. The tentative date of listing is .
