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Devson Catalyst IPO
Price Band
₹112.0–118.0
Issue Size
₹42.34 Cr
Lot Size
1,200 shares
Min Investment
₹283,200
2 LOTS MIN
GMP
+₹49.0 (41.53%)
Issue Price
₹118.0
Subject to Sauda
₹44700
Paid only if allotted
Devson Catalyst IPO AI Summary
- Devson Catalyst IPO is listed on BSE SME in the Specialty Chemicals sector.
- Price band: ₹112.0–₹118.0 per share, lot size 1,200 shares (min. investment ₹283,200, 2 lots minimum).
- Subscription window: 09 Jul–13 Jul 2026, listing on 16 Jul 2026.
- Current GMP is +₹49.0 (41.53%), an estimated listing price of ₹167 — unofficial and can change daily.
Devson Catalyst Limited is set to make its IPO with a strong subscription response and a healthy financial performance. The company focuses on manufacturing catalysts and related products, catering to both domestic and international markets. Investors should consider their risk appetite and investment strategy before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
220.35x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
168.56x
|
169x 🔥 |
| NII (HNI) |
261.22x
|
261x 🔥 |
| ↳ bNII (>₹10L) |
286.50x
|
287x 🔥 |
| ↳ sNII (<₹10L) |
211.19x
|
211x 🔥 |
| Retail (RII) |
244.08x
|
244x 🔥 |
| Employee |
1.06x
|
1.06x |
| Total | 220.35x | 220.35x |
Auto-updated every 5 min · As of 13th Jul 2026 18:56
Devson Catalyst IPO Grey Market Premium (GMP) Today
GMP
+₹49.0
GMP %
+41.53%
Est. Listing
₹167.0
Updated: 16 Jul 2026 09:30
GMP Trend (Last 6 Days)
About the Company
Devson Catalyst Limited is an indigenous manufacturer of catalysts, adsorbents, and ceramic balls used in various industrial processes across sectors such as oil & gas refineries, petrochemicals, steel, fertilizers, and other process industries. The company operates a manufacturing facility located in Wadhwan, Gujarat, with an installed production capacity of approximately 6,205 metric tons per annum. Its products are designed to enhance process efficiency, improve operational reliability, and support sustainable industrial operations. Devson Catalyst serves both domestic and international customers through a business-to-business (B2B) model, supplying primarily to institutional and industrial clients based on their specific technical requirements. The company’s manufacturing facility is equipped with the necessary infrastructure and machinery, supported by standard operating procedures and quality control measures to ensure consistent product quality and performance. Competitive Strengths Indigenous manufacturer of catalysts, adsorbents, and ceramic balls in India. Consistent profitability and financial performance in an industry with high entry barriers. Strategically located manufacturing facility with the capability to produce multiple product lines. Operates in an industry with significant entry barriers, supporting long-term business stability. Strong customer relationships and a growing presence in global markets.
Company Financials (₹ Cr)
As of 2026-03-31
| 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 |
Key Ratios
EPS
₹12.22
NAV
₹32.68
ROE
45.97%
ROCE
47.60%
RoNW
37.38%
P/B Value
5.76
P/E Ratio
9.66
Market Cap
₹160.34 Cr
Debt/Equity
0.07
Promoters
Pratapbhai Devjibhai Siyania, Prahladbhai Devjibhai Shiyaniya, Patel Savan Prahladbhai and Patel Krishna Savanbhai
Objects of the Issue
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 5.69 4 Issue Expenses 4.63 Total 39.71
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹43.75 Cr in the year ending 31 Mar 2024, rising to ₹53.54 Cr by 31 Mar 2025, and further increasing to ₹56.84 Cr by 31 Mar 2026.
Profit Trend
Profit after tax was ₹4.08 Cr in the year ending 31 Mar 2024, increasing to ₹7.67 Cr by 31 Mar 2025, and further rising to ₹12.52 Cr by 31 Mar 2026.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO compared to its issue price in the unofficial market before it officially lists on the stock exchange. A positive GMP suggests that the stock may list at a higher price than the issue price, reflecting demand from investors.
Subscription Demand
The IPO has seen strong demand across various investor categories, with total bids reaching 220.35 times the shares offered. Notably, the Qualified Institutional Buyers (QIB) category was subscribed 168.56 times, while Non-Institutional Investors (NII) and Retail Investors (RII) were subscribed 261.22 times and 244.08 times, respectively.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall portfolio strategy and risk tolerance. Factors such as the company's financial health, growth potential, and market conditions are important considerations.
Who May Want to Wait
Investors who are risk-averse or uncomfortable with the inherent volatility associated with IPOs may consider avoiding this investment. Additionally, those seeking immediate returns or who do not have a long-term investment strategy might find this IPO unsuitable.
IPO Timeline, Explained
The IPO process involves several key dates: the open date is when investors can start bidding for shares, the close date is the last day for submitting bids, the allotment date is when shares are allocated to successful bidders, and the listing date is when the shares officially begin trading on the stock exchange.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when selling shares on the listing day, compared to the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the stock.
This evaluation is generated from Devson Catalyst's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Devson Catalyst IPO GMP today?
Devson Catalyst IPO GMP today is +₹49.0 (41.53%), indicating an estimated listing price of ₹167. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Devson Catalyst IPO?
The price band of Devson Catalyst IPO is ₹112.0–₹118.0 per share.
When does Devson Catalyst IPO open and close?
Devson Catalyst IPO opens on 09 July 2026 and closes on 13 July 2026.
When does Devson Catalyst IPO list on the stock exchange?
Devson Catalyst IPO listed on 16 July 2026 at ₹167.0.
What is the lot size for Devson Catalyst IPO?
The lot size for Devson Catalyst IPO is 1200 shares, requiring a minimum investment of ₹283,200 (2 lots).
What is the price band for the IPO?
The price band for the IPO is ₹112.0 to ₹118.0.
What is the minimum investment required?
The minimum investment required is ₹283,200.
What is the lot size for the IPO?
The lot size for the IPO is 1200 shares.
When is the listing date for the IPO?
The listing date for the IPO is 16th July 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO in the unofficial market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
09 Jul 2026
Close
13 Jul 2026
Allotment
14 Jul 2026
Listing
16 Jul 2026
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