Devson Catalyst IPO: dates, price band, lot size and GMP
Devson Catalyst IPO listed on 16 Jul at ₹196 (BSE SME). Issue dates 9 – 13 Jul 2026, price band ₹118, lot 1,200 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: Devson Catalyst listed on 16 Jul 2026 on BSE SME at ₹196.15, +₹78.15 (+66.2%) against the ₹118 upper band. Devson Catalyst IPO listing date, price and gain · Recently listed IPOs
Updated 17 Oct 2026, 22:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 208 IPOs on its calendar; the Devson Catalyst IPO has a price band of ₹118, a lot of 1,200 shares and no grey-market premium reported yet as of 17 Oct 2026.
Key details
| Board | SME |
|---|---|
| Issue dates | 9 – 13 Jul 2026 |
| Price band | ₹118 |
| Lot size | 1,200 shares |
| Issue size | ₹42.34 Cr |
| Fresh issue | ₹37.26 Cr |
| Offer for sale | ₹2.95 Cr |
| Subscription | 220.35x |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead managers | JJ IPO Advisors Pvt.Ltd. |
| Status | Listed |
Timeline
- Issue opens: 9 Jul
- Issue closes: 13 Jul
- Allotment: 14 Jul
- Refunds: 15 Jul
- Demat credit: 15 Jul
- Listing: 16 Jul
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 168.56x |
| NII | 261.22x |
| sNII | 211.19x |
| bNII | 286.5x |
| Retail | 244.08x |
| Total | 220.35x |
Last updated 13 Jul 2026, 6:55 PM IST.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | BSE SME |
| Market cap at the upper band | ₹160.34 Cr |
| P/E (pre-issue) | 9.66x |
| P/E (post-issue) | 12.81x |
| Fresh issue (shares) | 31,58,000 |
| Offer for sale (shares) | 2,50,000 |
| Total shares offered | 34,08,000 |
| Promoter holding pre-issue | 100% |
| Promoter holding post-issue | 73.59% |
| Promoters | Pratapbhai Devjibhai Siyania, Prahladbhai Devjibhai Shiyaniya, Patel Savan Prahladbhai and Patel Krishna Savanbhai |
| Lead managers | JJ IPO Advisors Pvt.Ltd. |
| Registrar phone | 022-49186000 |
| Registrar email | devsoncatalyst.smeipo@in.mpms.mufg.com |
| Company website | devsongroup.com |
| Anchor bid date | 8 Jul 2026 |
| Anchor lock-in ends (50%) | 13 Aug 2026 |
| Anchor lock-in ends (remaining) | 12 Oct 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 1,200 | ₹2,83,200 |
| Retail (maximum) | 2 | 2,400 | ₹2,83,200 |
| sNII (minimum) | 3 | 3,600 | ₹2,83,200 |
| bNII (minimum) | 3 | 3,600 | ₹11,32,800 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 29.4% | 10,00,800 | |
| QIB | 19.4% | 6,62,400 | Not more than 50% of the Net Offer |
| NII (HNI) | 14.8% | 5,04,000 | Not less than 15% of the Net Offer |
| sNII | 5% | 1,69,200 | |
| bNII | 9.8% | 3,34,800 | |
| Retail | 34.5% | 11,76,000 | Not less than 35% of the Net Offer |
| Employee | 1.9% | 64,800 | |
| Market Maker | 5.3% | 1,80,000 |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 13 Jul | 168.56x | 261.22x | 211.19x | 286.50x | 244.08x | 220.35x |
Key ratios as of 31 Mar 2026
| EPS (pre-issue) | ₹12.22 |
|---|---|
| EPS (post-issue) | ₹9.21 |
| P/E (pre-issue) | 9.66x |
| P/E (post-issue) | 12.81x |
| RoNW | 37.38% |
| RoCE | 47.6% |
| RoE | 45.97% |
| EBITDA margin | 29.49% |
| Price / book | 5.76x |
| NAV per share | ₹32.68 |
| Debt / equity | 0.07 |
| Market cap (upper band) | ₹160.34 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 41.63 | 27.38 | 21.49 | +52% |
| Total Income | 56.84 | 53.54 | 43.75 | +6.2% |
| Profit After Tax | 12.52 | 7.67 | 4.08 | +63.2% |
| EBITDA | 16.76 | 10.93 | 6.69 | +53.3% |
| NET Worth | 33.5 | 20.98 | 13.36 | +59.7% |
| Reserves and Surplus | 23.25 | 20.73 | 13.06 | +12.2% |
| Total Borrowing | — | 2.78 | 4.17 | — |
About Devson Catalyst
Devson Catalyst Limited is an indigenous manufacturer of catalysts, adsorbents, and ceramic balls used in various industrial processes across sectors such as oil & gas refineries, petrochemicals, steel, fertilizers, and other process industries. The company operates a manufacturing facility located in Wadhwan, Gujarat, with an installed production capacity of approximately 6,205 metric tons per annum. Its products are designed to enhance process efficiency, improve operational reliability, and support sustainable industrial operations.
Devson Catalyst serves both domestic and international customers through a business-to-business (B2B) model, supplying primarily to institutional and industrial clients based on their specific technical requirements. The company’s manufacturing facility is equipped with the necessary infrastructure and machinery, supported by standard operating procedures and quality control measures to ensure consistent product quality and performance.
Objects of the issue
- Funding the Capital Expenditure requirements towards setting up of a new manufacturing unit — ₹17.4 Cr
- Funding the working capital requirements of the Company — ₹12 Cr
- General corporate purposes — ₹5.69 Cr
- Issue Expenses — ₹4.63 Cr
Net proceeds: ₹39.71 Cr
Offer documents: DRHP (PDF) · RHP (PDF)
Frequently asked questions
When does the Devson Catalyst IPO open and close?
The issue is scheduled for 9 – 13 Jul 2026.
What is the Devson Catalyst IPO price band?
The price band is ₹118 per share with a lot size of 1,200 shares.
How big is the Devson Catalyst IPO?
The total issue size is ₹42.34 Cr, of which ₹37.26 Cr is a fresh issue and ₹2.95 Cr an offer for sale.
When will Devson Catalyst list?
The tentative listing date is 16 Jul on the SME platform.
How do I apply for the Devson Catalyst IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Devson Catalyst · as filed with SEBI · bsesme.com
- Red herring prospectus (RHP), Devson Catalyst · as filed · bsesme.com
- Registrar allotment page, MUFG Intime India Pvt.Ltd. · allotment 14 Jul · in.mpms.mufg.com
- BSE SME issues page · listing 16 Jul · bsesme.com
- Devson Catalyst company website · devsongroup.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 28 Jul, 06:00 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Devson Catalyst IPO”, https://buyunlistedshares.com/ipo/devson-catalyst-ipo, as of 17 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 17 Oct 2026.
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