Devson Catalyst IPO Details

SME BSE

Devson Catalyst IPO Summary

Devson Catalyst IPO opens for subscription on 09 Jul 2026 and closes on 13 Jul 2026.The IPO will be listed on BSE with the tentative listing date set for 16 Jul 2026.

Devson Catalyst IPO price band has been fixed at ₹112 – ₹118 per share. The face value is ₹10 per share with a lot size of 1200.

Devson Catalyst IPO total issue size comprises 35,88,000 shares (aggregating up to ₹42.34 Cr). This includes a fresh issue of 33,38,000 shares (aggregating up to ₹39.39 Cr). Offer for Sale consists of 2,50,000 shares (aggregating up to ₹2.95 Cr). Pre-issue shareholding stands at 1,02,50,000, which will increase to 1,35,88,000 post-issue.

Devson Catalyst IPO carries a ₹49 (41.53%) GMP, reflecting investor sentiment.

Devson Catalyst IPO Lot Size :Individual Minimum is 2 lots (2,400 shares) amounting to ₹283,200. Individual Maximum is 2 lots (2,400 shares) amounting to ₹283,200. SHNI Minimum is 3 lots (3,600 shares) amounting to ₹424,800. SHNI Maximum is 7 lots (8,400 shares) amounting to ₹991,200. BHNI Minimum is 8 lots (9,600 shares) amounting to ₹1,132,800.

The Lead Managers for Devson Catalyst IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is JJ IPO Advisors Pvt Ltd . To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.

For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Mnm Stock Broking. You can analyze their track record by checking the Market Maker Performance Summary report.

For detailed information, Refer to the Devson Catalyst Limited RHP.

Devson Catalyst IPO Details

Listing Price : ₹196.15 at a Premium of 66.23%

Open Date

09 Jul 2026

Close Date

13 Jul 2026

Listing Date

16 Jul 2026

Issue Price

₹112 - ₹118

Face Value

₹10 per share

Lot Size

1200 Shares

GMP

₹49(41.53%)

Issue Type

IPO

Listing On

BSE

Type

Book Built Issue

Pre-issue Shareholding

1,02,50,000 shares

Post-issue Shareholding

1,35,88,000 shares

Total Issue Size

35,88,000 shares(aggregating up to ₹42.34 Cr)

Fresh Issue

33,38,000 shares(aggregating up to ₹39.39 Cr)

Offer for Sale

2,50,000 shares(aggregating up to ₹2.95 Cr)

Devson Catalyst IPO Subscription

Devson Catalyst IPO Application Wise Breakup

Devson Catalyst IPO Dates

09 Jul 2026
Opening dateOpen
13 Jul 2026
Closing dateClose
14 Jul 2026
Allotment Date Allotment
15 Jul 2026
Initiation of RefundsRefund
15 Jul 2026
Credit of SharesCredit
16 Jul 2026
Listing dateListing

Devson Catalyst IPO Lot Size

Application	Lots	Shares	Amount
Individual Minimum	2	2400	₹283,200
Individual Maximum	2	2400	₹283,200
SHNI Minimum	3	3600	₹424,800
SHNI Maximum	7	8400	₹991,200
BHNI Minimum	8	9600	₹1,132,800

Devson Catalyst IPO Reservation

Promoter Holding

Pre Issue:

100%

Post Issue:

72.27%

Promoter Names:

Pratapbhai Devjibhai Siyania, Prahladbhai Devjibhai Shiyaniya, Patel Savan Prahladbhai, Patel Krishna Savanbhai

Documents

DRHP

Devson Catalyst IPO DRHP

RHP

Devson Catalyst IPO RHP

Anchor List

Anchor Investors

Devson Catalyst IPO Valuations

ROE45.97%

ROCE47.60%

Debt/Equity0.07

RoNW37.38%

EBITDA Margin29.49%

Price to Book Value5.76

EPS(₹) (Pre IPO)12.22

EPS(₹) (Post IPO)9.21

P/E (x) (Pre IPO)9.66

P/E (x) (Post IPO)12.81

Devson Catalyst Financial Information

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

About Devson Catalyst IPO

Devson Catalyst Limited is an ISO 9001:2015 and ISO 45001:2018-certified company engaged in the manufacturing of catalysts, adsorbents, and ceramic balls used in various industrial processes. The company operates a manufacturing facility in Gujarat with an installed production capacity of approximately 6,205 metric tons per annum.

The company’s products cater to a wide range of industries, including oil and gas refineries, petrochemicals, steel, fertilizers, and other industrial processing sectors. These products are designed to enhance process efficiency, improve operational reliability, and support sustainable industrial practices. Devson Catalyst Limited serves both domestic and international markets.

The company’s 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, and the company follows standardized operating procedures along with stringent internal quality checks to ensure consistent product quality.

Devson Catalyst Limited operates entirely under a B2B business model, supplying its products primarily to institutional and industrial customers. This approach enables the company to align production planning and supply chain management with specific client requirements, including customized product specifications, order schedules, and delivery timelines.

The company has established a presence in international markets, exporting its products to more than 15 countries as of September 30, 2025. Export revenues stood at ₹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, contributing 42.95%, 25.13%, 42.10%, and 26.39% of revenue from operations, respectively.

As of January 31, 2026, the company had a workforce of 51 permanent employees supporting its operations.

Strength Of Devson Catalyst IPO

Indigenous manufacturer of Catalysts, Adsorbents and Ceramic balls in India.
Track record of profitability and consistent financial performance in an industry with significant entry barriers.
Strategically located Manufacturing Facilities with capabilities to handle multiple products lines.
Well-positioned in an industry with several entry barriers.
Strong customer base & relationship with global footprint.
Experienced management team and qualified personnel with significant industry experience.

Risk Of Devson Catalyst IPO

The company revenues are concentrated among a limited number of customers, and the loss of one or more such customers, deterioration in their financial condition, or a reduction in their demand for its products could adversely affect the company business, results of operations, financial condition and cash flows.
The company dependence on a limited number of suppliers for procurement of key raw materials, and the absence of long-term supply contracts, may adversely affect its operations and financial performance.
The company business is significantly reliant on its ability to obtain orders through competitive bidding processes. Any inability to successfully secure new contracts, or the early termination of existing contracts, could has a material adverse effect on its business operations, financial position, and results of operations.
There has been instances of delays in filings of certain forms which were required to be filed as per the reporting requirements as well as discrepancies in the forms submitted to the Registrar of Companies (ROC) in accordance with the Companies Act, 2013.
There has been certain instances of delays in payment of certain statutory dues by its. Any further delays in payment of statutory dues may attract financial penalties from the respective government authorities and in turn may has a material adverse impact on the company financial condition and cash flows.
Volatility in the prices and availability of key raw materials and operating inputs, and constraints on the company ability to recover cost increases, could materially and adversely affect its business operations, financial performance and profitability.
The company revenues is derived largely from a limited set of end-use industries, and any downturn, cyclicality or change in demand patterns in these industries could materially and adversely affect its business, financial condition, results of operations and cash flows.
The company export business, is dependent on overseas distributors, and any disruption in its engagement with such distributors could adversely affect the company revenues and results of operations.
The company requires certain approvals, licences and permits for its operations, and any failures to obtain, maintain or renew them in a timely manner, or to comply with applicable conditions, may adversely affect the company business.
The company revenues is significantly dependent on certain geographical regions and export markets, and adverse developments in these markets could materially and adversely affect its business, financial condition and results of operations.

Objectives Devson Catalyst IPO

1. Funding the Capital Expenditure requirements towards setting up of a new manufacturing unit

2. Funding the working capital requirements of the Company

3. General corporate purposes

Company Contact Details

Plot No 213 To 218 and 233 To 237, Phase II, Ambawadi, GIDC Wadhwancity,
Surendranagar, Gujarat , 363030
Phone: 91 7201010244
Email: info@devsongroup.com
Website: https://www.devsongroup.com/

Registrar Contact Details

Name:

MUFG Intime India Pvt Ltd

Phone:

+91-22-4918 6270

Email:

devsoncatalyst.smeipo@in.mpms.mufg.com

Website:

https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Lead Mangers

Market Maker

Devson Catalyst FAQs

The Devson Catalyst IPO is a SME public issue comprising 3588000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹42.34 Cr. The issue price has been fixed at ₹118 per equity share, and the minimum application size is 1200 shares.

The IPO opens for subscription on 09 Jul 2026, and closes on 13 Jul 2026.

MUFG Intime India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE

The Devson Catalyst IPO opens on 09 Jul 2026.

Devson Catalyst IPO lot size is 1200, and the minimum amount required for application is ₹141600.

You may apply for the Devson Catalyst IPO online by using either the UPI or ASBA payment method. The ASBA facility is available through the net banking platform of your respective bank. The UPI-based IPO application option is typically provided by brokers that do not offer banking services. For detailed guidance on the online IPO application process, please refer to the procedures outlined by Zerodha, Groww, Upstox, 5Paisa, Paytm Money, Fyers, Alice Blue, Nuvama, HDFC Bank, ICICI Direct, Kotak Securities, Axis Direct, and SBI Bank.

The Basis of Allotment for the Devson Catalyst IPO is scheduled to be finalized on 14 Jul 2026. Subsequently, the shares allotted will be credited to investors’ demat accounts by 15 Jul 2026. Investors are advised to regularly check the Devson Catalyst IPO allotment status for updates.

The listing date for the Devson Catalyst IPO has not yet been officially announced. However, the tentative listing date is scheduled for 16 Jul 2026.

Devson Catalyst IPO Grey Market Premium (GMP) refers to the unofficial price at which the company’s IPO shares are traded in the grey market prior to their listing on the stock exchange. The GMP serves as an indicator of investor demand, expected listing gains, and the overall market sentiment toward the IPO.

As of now, the current GMP stands at ₹49 (41.53%).