| IPO Date | July 9, 2026 to July 13, 2026 |
| Listing Date | July 16, 2026 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 112 to ₹ 118 / Share |
| Lot Size | 1200 Shares |
| Total Issue Size | 3588000 (Aggregating up to 42 ) |
| Fresh Issue | 3158000 (Aggregating up to 37 ) |
| Offer for Sale | 250000 (Aggregating up to 3) |
| Employee Discount | |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share holding pre issue | 10250000 |
| Share holding post issue | 13588000 |
| Market Maker portion |
Devson Catalyst IPO opens on July 9, 2026, and closes on July 13, 2026.
| IPO Open Date | July 9, 2026 |
| IPO Close Date | July 13, 2026 |
| Basis of Allotment | July 14, 2026 |
| Initiation of Refunds | July 15, 2026 |
| Credit of Shares to Demat | July 15, 2026 |
| Listing Date | July 16, 2026 |
| Cut-off time for UPI mandate confirmation | -- |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | Rs.283,200 |
| Retail (Max) | 2 | 2,400 | Rs.283,200 |
| S-HNI (Min) | 3 | 3,600 | Rs.424,800 |
| S-HNI (Max) | 7 | 8,400 | Rs.991,200 |
| B-HNI (Min) | 8 | 9,600 | Rs.1,132,800 |
| HNI (Min) |
| Share Holding Pre Issue | 10250000 |
| Share Holding Post Issue | 13588000 |
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 | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1000800 |
27.89 |
| Market Maker Shares Offered | 180000 |
5.02 |
| Other Shares Offered | |
|
| QIB Shares Offered | 662400 |
18.46 |
| NII (HNI) Shares Offered | 504000 15.08 |
14.05 |
| bNII > ₹10L | 334800 |
9.33 |
| sNII < ₹10L | 169200 |
4.72 |
| Retail Shares Offered | 1176000 35.18 |
32.78 |
| Employee Shares Offered | 64800 |
1.81 |
| Total Shares Offered | 3588000 100.00 |
| Bid Date | 2026-07-08 |
| Shares Offered | 1000800 |
| Anchor Portion Size (In Cr.) | 11.81 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 13, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 12, 2026 |
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
| KPI | Values |
|---|---|
| ROE | 45.97 |
| ROCE | 47.60 |
| Debt/Equity | 0.07 |
| RoNW | 37.38 |
| P/BV | 5.76 |
| PAT Margin (%) | 29.49 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 12.22 | 9.21 |
| P/E (x) | 9.66 | 12.81 |
Pratapbhai Devjibhai Siyania, Prahladbhai Devjibhai Shiyaniya, Patel Savan Prahladbhai and Patel Krishna Savanbhai
Devson Catalyst Ltd. Address Plot No 213 To 218 and 233 To 237, Phase II, Ambawadi, GIDC Wadhwancity, Surendranagar, Gujarat, 363030
|