· SME · BSE
Price Band
₹112–118
Lot Size
1200 shares
Issue Size
₹42 Cr
Min. Investment
₹1,41,600
Indicative, updates through the day
Cap price plus current GMP: ₹167 — arithmetic, not a forecast
Subscription data will appear once bidding opens.
Devson Catalyst IPO is an SME issue that listed on BSE on 16 July 2026. The issue price band is fixed at ₹112–₹118 per equity share with a minimum market lot size of 1200 shares, bringing the total issue size to ₹42 Cr. At the upper price band, the minimum retail application requires one lot amounting to ₹1,41,600.
The latest unlisted Grey Market Premium (GMP) for Devson Catalyst IPO is quoted at ₹49, representing a premium of approximately 41.53% over the upper price band of ₹118. On a simple cap price plus GMP basis, the estimated opening price indicates a listing near , and informal quotes have held steady over recent sessions. Please note that GMP is an unregulated sentiment indicator quoted by off-market dealers; it fluctuates based on supply-demand dynamics and does not constitute a guaranteed listing price. For historical accuracy studies, read , or compare with .
The minimum investment for retail investors is one lot of 1200 shares (approx. ₹1,41,600 at the cut-off price). Applications must be submitted using ASBA via Net Banking or the UPI Mandate route through registered stockbrokers (Zerodha, Groww, Angel One, Upstox).
The official registrar appointed for this issue is MUFG Intime India Pvt. Ltd. (formerly Link Intime), with the basis of allotment finalised on 14 July 2026 and listing completed on 16 July 2026. Once declared, you can check your allotment status on our IPO Allotment Checker using your PAN or Application Number. If you are not allotted shares, the ASBA block on your bank funds is automatically released by T+2 day.
Issue Price
₹118
Listed At
₹196.15
Current Price
₹205.95
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.
Devson Catalyst IPO raises ₹11.81 crore from anchor investors. Devson Catalyst IPO Anchor bid date is July 8, 2026.
| 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% |
| 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 |
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
₹121Cr.
| 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 |
Devson Catalyst Ltd. Address
MUFG Intime India Pvt. Ltd. (formerly Link Intime)