Devson Catalyst IPO Details
IPO Overview
| Price Band | ₹112–₹118 |
|---|---|
| Lot Size | 1200 shares |
| Min Investment | Min ₹141600 |
| GMP | ₹49 (41.53%) |
| Total Subscription | 220.35 times |
| Status | Live |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2400 | 283200 |
| Individual investors (IND) (Max) | 2 | 2400 | 283200 |
| S-HNI (Min) | 3 | 3600 | 424800 |
| S-HNI (Max) | 7 | 8400 | 991200 |
| B-HNI (Min) | 8 | 9600 | 1132800 |
| Employee (Min) | 2 | 2400 | 283200 |
| Employee (Max) | 3 | 3600 | 424800 |
IPO Tentative Timetable
| IPO Open Date | Jul 09, 2026 |
|---|---|
| IPO Close Date | Jul 13, 2026 |
| Allotment Date | Jul 14, 2026 |
| Refund Initiation | Jul 15, 2026 |
| Listing Date | Jul 16, 2026 |
IPO Detail
| Face Value | ₹10 per share |
|---|---|
| Price Band | ₹112 to ₹118 |
| 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 (agg. up to ₹2 Cr)MNM Stock Broking Pvt.Ltd. |
| 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 |
Valuations
Company Financials (In Crore)
| Period Ended | Assets | Total Income | Profit After Tax | E B I T D A | N E T Worth | Reserves And Surplus | Total Borrowing |
|---|---|---|---|---|---|---|---|
| 31 Mar 2026 | 41.63 | 56.84 | 12.52 | 16.76 | 33.50 | 23.25 | |
| 31 Mar 2025 | 27.38 | 53.54 | 7.67 | 10.93 | 20.98 | 20.73 | 2.78 |
| 31 Mar 2024 | 21.49 | 43.75 | 4.08 | 6.69 | 13.36 | 13.06 | 4.17 |
Objects of the Issue
| S. No. | Objects Of The Issue | Expected Amount (in Crores) |
|---|---|---|
| 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 |
About Company
Devson Catalyst Limited is an ISO 9001:2015 and ISO 45001:2018-certified company that manufactures catalysts, adsorbents, and ceramic balls for 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.
The company also has a presence in international markets and exports its products to more than 15 countries as of September 30, 2025. Export revenues were ₹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. These exports contributed 42.95%, 25.13%, 42.10%, and 26.39% of the company’s revenue from operations during the respective periods.
As of January 31, 2026, the company had 51 permanent employees.
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.
Promoters
- Pratapbhai Devjibhai Siyania, Prahladbhai Devjibhai Shiyaniya, Patel Savan Prahladbhai and Patel Krishna Savanbhai.
Documents
Devson Catalyst IPO Details — Frequently Asked Questions
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