Devson Catalyst SME IPO
Devson Catalyst IPO — date, price band, lot size & details 2026
Devson Catalyst listed on 16 Jul 2026 at ₹196.15, 66.2% above the ₹118 issue price.
Devson Catalyst IPO is scheduled to open for subscription from 9 July 2026 to 13 July 2026. Incorporated in Gujarat, Devson Catalyst Limited is engaged in the manufacturing and supply of industrial catalysts and related chemical products used across various industries. The company follows a manufacturing-led business model focused on providing specialized catalyst solutions to industrial customers. Its operations are primarily concentrated in India, with a growing presence in industrial and chemical processing markets
Stock price
Devson Catalyst is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 3 October.
- Open 09 Jul 2026
- Close 13 Jul 2026
- Allotment 14 Jul 2026
- Refund/credit 15 Jul 2026
- Listing 16 Jul 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 9 to 13 Jul, 2026 |
|---|---|
| Price Band | ₹112 – ₹118 |
| Face Value | ₹10 |
| Lot Size | 1200 Shares |
| Issue Size | ₹42.33 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE SME |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 2,83,200 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 1200 shares at the ₹118 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 2,400 | ₹2,83,200 |
| Retail (max) | 2 | 2,400 | ₹2,83,200 |
| HNI (min) | 3 | 3,600 | ₹4,24,800 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Operates in a specialized industrial catalyst segment with technical entry barriers.
- 02Manufacturing-focused business model supports value-added product offerings.
- 03Experienced management team with industry knowledge and expertise.
- 04Growing demand from chemical and industrial processing sectors supports future growth.
- 05Strategic manufacturing presence in Gujarat provides access to industrial customers.
Risks · 5
- 01Fluctuations in raw material costs may impact profit margins.
- 02Business performance depends on demand from industrial and chemical sectors.
- 03Competition from larger domestic and international catalyst manufacturers could affect growth.
- 04Dependence on a limited number of industrial customers may create concentration risk.
- 05Changes in environmental and industrial regulations could increase compliance costs.
Three years of numbers
All figures in ₹ crore, as reported in the Devson Catalyst offer document.
| Metric | 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 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Devson Catalyst RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Devson Catalyst IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹9.21 |
| P/E Ratio (x) | 12.81 |
| Market Cap at Offer Price (₹ Cr) | ₹160.41 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹118 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹39.72 Cr of the issue is earmarked to named objects.
About the company
The company follows a manufacturing-driven business model wherein it develops, produces and supplies catalyst products to industrial clients across multiple sectors. Revenue is generated through the sale of specialized catalysts and related products that help improve industrial process efficiency and productivity. With its manufacturing facility in Gujarat, the company focuses on expanding its customer base while maintaining quality standards and operational efficiency.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
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The bankers & the filings
Who is running the book, and the documents this page is built from.
Company contact
Frequently asked
What is the GMP of Devson Catalyst?
The current Grey Market Premium is ₹49, or 41.5% over the issue price.
What is the Devson Catalyst IPO price band?
₹112 to ₹118, on a face value of ₹10.
When is the allotment?
The basis of allotment is 14 July 2026, with listing on 16 July 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
