IPO Issue Details
Issue Price / Price Band₹118 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size35,88,000 shares (agg. up to ₹42 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital & OFS
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 09 Jul 2026
Subscription CloseMon, 13 Jul 2026
Anchor AllotmentWed, 08 Jul 2026
Basis of AllotmentTue, 14 Jul 2026
Initiation of RefundsWed, 15 Jul 2026
Credit of Shares to DematWed, 15 Jul 2026
Listing DateThu, 16 Jul 2026
UPI Mandate Deadline5:00 PM on 13 Jul 2026 (Day 3)
Application & Investment Details
Retail — Min (2 Lots)₹2,83,200 — 2,400 shares
Retail — Max (13 Lots)₹1,840,800 (13 Lots)
HNI — Min (3 Lots)₹4,24,800 — 3,600 shares
EPS (Pre-IPO)₹12.22
EPS (Post-IPO)₹9.21
P/E Ratio (Pre-IPO)9.66x
P/E Ratio (Post-IPO)12.81x
Net Offer to Public34,08,000 shares (agg. up to ₹40 Cr)
Reserved for Market Maker1,80,000 shares (agg. up to ₹2 Cr)
Pre-IPO Promoter Holding1,02,50,000 shares
Post-IPO Promoter Holding1,35,88,000 shares
Fresh Issue Shares31,58,000 shares (agg. up to ₹37 Cr)
Offer for Sale Shares2,50,000 shares of ₹10 (agg. up to ₹3 Cr)
About Devson Catalyst Ltd
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.Products:Catalyst: A substance that speeds up the chemical reaction without being consumed or permanently changed itself.Adsorbent: It removes unwanted substances from air, gas or liquids by making them stick to its surface.Ceramic Balls: It is a small, hard sphere made from ceramic material that is placed inside industrial reactors and towers.As of May 31, 2026, the company had 56 permanent employees.Competitive StrengthsIndigenous 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.
Objects of the Issue
Devson Catalyst Ltd proposes to utilise the net proceeds from the Issue for the following objects:
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
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,02,50,000 shares
Post-IPO Promoter Holding
1,35,88,000 shares