Devson Catalyst
· SME · BSE
Price Band
₹112–118
Lot Size
1200 shares
Issue Size
₹42 Cr
Min. Investment
₹1,41,600
Grey Market Premium
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Estimated listing price: ₹118
Subscription Status
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About Devson Catalyst
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. As of May 31, 2026, the company had 56 permanent employees.
Issue Objectives
- Funding the Capital Expenditure requirements towards setting up of a new manufacturing unit
- Funding the working capital requirements of the Company
- General corporate purposes
- Issue Expenses
Anchor Investors
Devson Catalyst IPO raises ₹11.81 crore from anchor investors. Devson Catalyst IPO Anchor bid date is July 8, 2026.📝 Anchor Investors Letter (PDF)
Reservation
| Category | Shares Offered | % |
|---|---|---|
| QIB | 16,63,200 | 49.75% |
| − Anchor Investor | 10,00,800 | 0% |
| − QIB (Ex. Anchor) | 6,62,400 | 0% |
| NII (HNI) | 5,04,000 | 15.08% |
| − bNII > ₹10L | 3,34,800 | 0% |
| − sNII < ₹10L | 1,69,200 | 0% |
| Retail | 11,76,000 | 35.18% |
| Employee | 64,800 | 0% |
| Market Maker | 1,80,000 | 0% |
- QIB49.7%
- − Anchor Investor0.0%
- − QIB (Ex. Anchor)0.0%
- NII (HNI)15.1%
- − bNII > ₹10L0.0%
- − sNII < ₹10L0.0%
- Retail35.2%
- Employee0.0%
- Market Maker0.0%
Market Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2400 | ₹2,83,200 |
| Individual investors (IND) (Max) | 2 | 2400 | ₹2,83,200 |
| S-HNI (Min) | 3 | 3600 | ₹4,24,800 |
| S-HNI (Max) | 7 | 8400 | ₹9,91,200 |
| B-HNI (Min) | 8 | 9600 | ₹11,32,800 |
| Employee (Min) | 2 | 2400 | ₹2,83,200 |
| Employee (Max) | 3 | 3600 | ₹4,24,800 |
Financials (₹ Cr)
Valuations
EPS (Pre IPO)
12.22
EPS (Post IPO)
9.21
ROE
37.38%
P/E (Pre IPO)
9.66
P/E (Post IPO)
12.81
Price / Book
5.76
Market Cap
₹160.34 Cr.
Peers Comparison
| Company | P/E | ROE | Revenue |
|---|---|---|---|
| Vahh Chemicals Ltd. | 7.15 | ₹13.45 Cr | |
| Biopol Chemicals Ltd. | 19.73 | ₹31.26 Cr | |
| Neochem Bio Solutions Ltd. | 15.85 | ₹44.97 Cr | |
| Speb Adhesives Ltd. | 16.73 | ₹33.73 Cr | |
| SK Minerals & Additives Ltd. | 10.45 | ₹41.15 Cr | |
| Shlokka Dyes Ltd. | 13.69 | ₹57.79 Cr |
Contact Details
Devson Catalyst Ltd. Address
- 36303091 7201010
- info@devsongroup.com
- https://www.devsongroup.com/
Registrar Contact Details
Link Intime India Pvt. Ltd.
- +91 22 4918 6270
- ipo.helpdesk@linkintime.co.in
- https://linkintime.co.in
- C-101, 247 Park, LBS Marg, Vikhroli West, Mumbai – 400083
Frequently Asked Questions
Key Dates
- Open Date
- 09 Jul 2026
- Close Date
- 13 Jul 2026
- Listing Date
- 16 Jul 2026
Issue Details
- Registrar
- Link Intime India
- Lead Manager(s)
- Exchange
- BSE