Bookbuilding IPO | ₹42 Cr | Listing at BSE SME | Thu, Jul 9, 2026 - Mon, Jul 13, 2026 O
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 bidding opened for subscription on Jul 9, 2026 and will close 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 final issue price at ₹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 ₹2,83,200 (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.
Refer to Devson Catalyst IPO RHP for detailed Information.
IPO Open
Thu, Jul 9, 2026
IPO Close
Mon, Jul 13, 2026
Issue Price
₹118 per share
Market Cap (Pre-IPO)
₹160.34 Cr
| IPO Date | 9 to 13 Jul, 2026 |
| Listing Date | Thu, Jul 16, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹112 to ₹118 |
| Issue Price | ₹118 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 35,88,000 shares (agg. up to ₹42 Cr) |
| Reserved for Market Maker | 1,80,000 shares MNM Stock Broking Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 31,58,000 shares (agg. up to ₹37 Cr) |
| Offer for Sale | 2,50,000 shares of ₹10 (agg. up to ₹3 Cr) |
| Net Offered to Public | 34,08,000 shares (agg. up to ₹40 Cr) |
| Share Holding Pre Issue | 1,02,50,000 shares |
| Share Holding Post Issue | 1,35,88,000 shares |
Devson Catalyst IPO comprises a total issue size of 35,88,000 shares. The net offer to the public is 33,43,200 shares, after excluding 1,80,000 shares allotted on a firm basis and 64,800 shares under a preferential allotment. Of the Net offer 16,63,200 (49.75%) are allocated to QIB, 5,04,000 (15.08%) allocated to NII 11,76,000 (35.18%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 16,63,200 | 49.75% | 46.35% |
| − Anchor Investor Shares Offered | 10,00,800 | 27.89% | |
| − QIB (Ex. Anchor) Shares Offered | 6,62,400 | 18.46% | |
| NII (HNI) Shares Offered | 5,04,000 | 15.08% | 14.05% |
| − bNII > ₹10L | 3,34,800 | 9.33% | |
| − sNII < ₹10L | 1,69,200 | 4.72% | |
| Retail Shares Offered | 11,76,000 | 35.18% | 32.78% |
| Preferential Reservations | |||
| Employee Shares Offered | 64,800 | 1.81% | |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,80,000 | 5.02% | |
| Total Shares Offered | 35,88,000 | 100.00% | 100.00% |
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 | 2,400 | ₹2,83,200 |
| Individual investors (IND) (Max) | 2 | 2,400 | ₹2,83,200 |
| S-HNI (Min) | 3 | 3,600 | ₹4,24,800 |
| S-HNI (Max) | 7 | 8,400 | ₹9,91,200 |
| B-HNI (Min) | 8 | 9,600 | ₹11,32,800 |
| Employee (Min) | 2 | 2,400 | ₹2,83,200 |
| Employee (Max) | 3 | 3,600 | ₹4,24,800 |
Devson Catalyst IPO raises ₹11.81 crore from anchor investors. Devson Catalyst IPO Anchor bid date is July 8, 2026.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Jul 8, 2026 |
| Shares Offered | 10,00,800 |
| Anchor Portion (₹ Cr.) | 11.81 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Aug 13, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Oct 12, 2026 |
| Application Category | Bidding Limits |
|---|---|
| Only Individual investor (retail) | 2 lots |
| Only sNII | 3 lots - 7 lots |
| Only bNII | 8 lots and above |
| Only employee | 2 lots - 3 lots |
| Employee + RII/NII |
|
* Bidding at cut-off price is not allowed for any category
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:
As of May 31, 2026, the company had 56 permanent employees.
Competitive Strengths
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.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 41.63 | 27.38 | 21.49 |
| Total Income | 56.84 | 53.54 | 43.75 |
| Profit After Tax | 12.52 | 7.67 | 4.08 |
| EBITDA | 16.76 | 10.93 | 6.69 |
| NET Worth | 33.50 | 20.98 | 13.36 |
| Reserves and Surplus | 23.25 | 20.73 | 13.06 |
| Total Borrowing | 2.78 | 4.17 | |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Vahh Chemicals Ltd. | SME | ₹13.45 Cr | ₹60 | 7.15 | ₹66.50 | +10.83% | ₹58.33 (-4.22%) |
| Biopol Chemicals Ltd. | SME | ₹31.26 Cr | ₹108 | 19.73 | ₹105.50 | -2.31% | ₹92.20 (+1.77%) |
| Neochem Bio Solutions Ltd. | SME | ₹44.97 Cr | ₹98 | 15.85 | ₹111.80 | +14.08% | ₹91.05 (+0.05%) |
| Speb Adhesives Ltd. | SME | ₹33.73 Cr | ₹56 | 16.73 | ₹57.00 | +1.79% | ₹90.00 (-0.28%) |
| SK Minerals & Additives Ltd. | SME | ₹41.15 Cr | ₹127 | 10.45 | ₹152.25 | +19.88% | ₹411.60 (+5.00%) |
| Shlokka Dyes Ltd. | SME | ₹57.79 Cr | ₹91 | 13.69 | ₹85.50 | -6.04% | ₹24.15 (+5.00%) |
| Snehaa Organics Ltd. | SME | ₹32.68 Cr | ₹122 | 12.47 | ₹115.90 | -5.00% | ₹46.50 (+2.88%) |
| Renol Polychem Ltd. | SME | ₹25.77 Cr | ₹105 | 11.54 | ₹99.75 | -5.00% | ₹83.90 (-0.71%) |
| Mehul Colours Ltd. | SME | ₹21.66 Cr | ₹72 | 9.87 | ₹86.03 | +19.49% | ₹60.00 (+0.86%) |
| Patel Chem Specialities Ltd. | SME | ₹58.80 Cr | ₹84 | 14.21 | ₹104.50 | +24.40% | ₹95.00 (-1.04%) |
| Sudeep Pharma Ltd. | Mainboard | ₹895.00 Cr | ₹593 | 47.61 | ₹774.15 | +30.55% | ₹824.25 (+2.55%) |
| Gem Aromatics Ltd. | Mainboard | ₹451.25 Cr | ₹325 | 28.52 | ₹319.05 | -1.83% | ₹206.54 (-2.27%) |
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 | Mar 31, 2026 |
|---|---|
| ROE | 45.97% |
| ROCE | 47.60% |
| Debt/Equity | 0.07 |
| RoNW | 37.38% |
| EBITDA Margin | 29.49% |
| Price to Book Value | 5.76 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 12.22 | 9.21 |
| P/E (x) | 9.66 | 12.81 |
| Promoter Holding | 100% | |
| Market Cap | ₹160.34 Cr. |
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 ₹42 Crores. The issue is priced at ₹118 per share. The minimum order quantity is 1200.
The IPO opens on Thu, Jul 9, 2026, and closes on Mon, Jul 13, 2026.
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 opens on Thu, Jul 9, 2026 and closes on Mon, Jul 13, 2026.
Devson Catalyst IPO lot size is 1200, and the minimum amount required for application is ₹2,83,200, with 2 lots being the minimum application size.
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 Tuesday, July 14, 2026, and the allotted shares will be credited to your demat account by Wed, Jul 15, 2026. Check the Devson Catalyst IPO allotment status.
The Devson Catalyst IPO listing date is not yet announced. The tentative date of listing is Thu, Jul 16, 2026.
